Stakeholders and the supply chain

Projects serve the needs of stakeholders by ensuring that their expectations and needs are realised. Project management does not occur in a vacuum but requires an infusion of enthusiasm and commitment powered by the full range of project stakeholder energy sources in an energy grid that can develop a positive or negative trajectory. The key to effectively harnessing this force is for project managers to know how to connect into this organisational grid and how to identify tipping-point key stakeholders and their value propositions. Project managers are unlikely to deliver project success without paying attention to the expectations and needs of key influence drivers and the diverse range of project stakeholders that may cumulatively exert a significant impact on the perception of project success. A project that does not meet the expectations of influential stakeholders is not likely to be regarded as successful, even if it remains within the original time, budget and scope.