Stakeholder management and communication can be complex and time consuming. Depending on the specific issues impacting your project (i.e. regulatory scrutiny, environmental concerns, local contracting opportunities, joint venture profitability) the successful management of stakeholder interest ensures that stakeholders:
- Have a voice.
- Participate in the management process.
- Contribute to the overall success of the project.
This installment of the KPMG Project Advisory Leadership Series discusses key elements of stakeholder management and project communication. The key stakeholders are identified, along with their responsibilities to the project, and we provide guidance on how to communicate effectively through tailored project reports. An outline for developing a monthly status report for formal record reporting is also presented.