For this Discussion, refer to the article SRMM®: Stakeholder Relationship Management Maturity. Reflect on the Water Cube project in the context of the stakeholder management practices that were used during the project.
Now answer the following:
- Briefly describe the five levels of stakeholder relationship management maturity.
- Which level of stakeholder management maturity do you think applies to the management of stakeholders during the Water Cube project? Why?
- What suggestions would you make for improving stakeholder management practices for the next project?
References:
Zou, P. X. W., & Leslie-Carter, R. (2010). Lessons learned from managing the design of the ‘Water Cube’ National Swimming Centre for the Beijing 2008 Olympic Games. Architectural Engineering and Design Management, 6(3), 175–188.
Bourne, L (2008). (SRMM®): Stakeholder Relationship Management Maturity. Paper presented at PMI Global Congress 2008- EMEA, ST. Julian’s Malta Newtown square, PA: project management Institute. Retrieved from https://www.pmi.org/learning/
Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Sixth edition. Newtown Square, PA: Author.
Answer preview
The links mentioned above are created when organizations learn about the cultures of their stakeholders.
Improving stakeholder management practices demands that China adheres to the five levels of stakeholder management as each level intends to ensure that there is a stable relationship between the stakeholders and the firm and thus, the stakeholders will be more willing to invest in the organization. In conclusion, stakeholder relationship management is an essential practice as it allows an organization to avoid challenge like cultural differences. More so, the firm can convince the stakeholders to invest.
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