Manage Stakeholder Relations

Make proper stakeholder management a habit.

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Your Challenge

  • As a CIO, you are responsible for addressing a wide variety of competing demands of many different stakeholders.
  • Stakeholders can be difficult to identify; it is often these hidden stakeholders that can unexpectedly derail your agenda.
  • Understanding which of your stakeholders are most important and determining the best way to address the needs of each one can be complex and time consuming.

Our Advice

Critical Insight

  • Stakeholder management is more important than you realize. Surveys have found that stakeholder management is the number one factor in CIO success.
  • Stakeholder management is an everlasting process as the stakeholder landscape is constantly shifting. Proactively and perpetually engage with your stakeholders, and update your plan and approach on an ongoing basis.

Impact and Result

  • Optimize your stakeholder management process to identify, prioritize, and effectively manage key stakeholders.
  • Develop and maintain strong relationships with stakeholders to gain easier buy-in and support for current and future initiatives.
  • Track your ongoing stakeholder management progress with Info-Tech’s weighted net promoter scoring.

Manage Stakeholder Relations

1

Make the case

Define a stakeholder.

2

Identify stakeholders

Ensure that all stakeholders are identified and none are missed.

3

Analyze stakeholders

Assess a stakeholder’s influence, interest, and support to determine priority for actions to be taken.

4

Manage stakeholders

Develop a stakeholder management plan and communication plan.

5

Monitor stakeholder management

Measure and monitor the success of your stakeholder management process.

Onsite Workshop

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Module 1: Identify stakeholders

The Purpose

  • Develop a complete list of all stakeholders.
  • Do not forget or miss any key stakeholders.

Key Benefits Achieved

  • A complete list of stakeholders that reduces the number of surprise stakeholders who could derail your initiative.

Activities:
Outputs

1.1

Use a 360 degree view to identify initial stakeholders.

  • Identified initial stakeholders.

1.2

Identify stakeholders through business capability mapping.

  • Business capability mapping of stakeholders.

1.3

Identify stakeholders through business process mapping.

  • Business process mapping of stakeholders.
  • List of stakeholders.

Module 2: Analyze stakeholders

The Purpose

Prioritize key stakeholders.

Key Benefits Achieved

Know where to focus efforts.

Activities:
Outputs

2.1

Focus your efforts.

2.2

Take stakeholder PULSC.

  • Stakeholder map.

2.3

Determine stakeholder interest.

2.4

Assess stakeholder support.

2.5

Identify most important stakeholders.

  • Prioritized list of stakeholders.

2.6

Prioritize stakeholders.

Module 3: Manage stakeholders

The Purpose

Develop management and communication tactics with key stakeholders.

Key Benefits Achieved

Created a proactive way to interact effectively with stakeholders.

Activities:
Outputs

3.1

Define stakeholder management plan components.

  • Stakeholder Management Plan.

3.2

Select engagement tactics for each stakeholder type.

3.3

Determine stakeholder communication styles.

  • Communication Plan.

3.4

Use effective communications to build relationships.

3.5

Complete your stakeholder management plan.

Module 4: Monitor stakeholder management

The Purpose

Measure stakeholder management process success.

Key Benefits Achieved

Tracked your success to determine areas for continual improvement.

Activities:
Outputs

4.1

Monitor stakeholder management success.

4.2

Use NPS as a metric.

4.3

Weight your NPS.

  • Stakeholder Analysis Tool tab 8, WNPS.

4.4

Collect data effectively.

4.5

Keep a written record.

Search Code: 73891
Published: August 12, 2014
Last Revised: August 12, 2014