Stakeholder Management Maturity
Stakeholder Management Maturity
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
Stakeholders play a significant role in the running of an organization as they tend to act as financiers of an organization to earn a profit as a result of investing in a firm. Stakeholder management allows the firm to monitor the relationship that exists between an organization and its financiers with the aim of meeting the expectations of the stakeholders. The first level of stakeholder relationship management maturity is the ad hoc stage which entails the use of processes which recognizes the need for stakeholder management and involves participation by the administration of an organization (Bourne, 2008). The second level is procedural, and it focuses on the use of tools like spreadsheets…
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