successful project management - Commonwealth of Learning

The following template can be used to capture information about stakeholders.
Stakeholder Analysis
Stakeholder Their interest or What the Perceived
Actions to take
requirement from project needs attitudes and
the project
from them risks
1.
2.
3.
4.
5.
6.
7.
Risk Management
Reference has already been made to the issue of risk previously. What exactly is a
risk in everyday life? When somebody says walking alone at night in the squatter
camps is a risk, what does that person mean? Probably he/she means that there is a
possibility of being mugged or robbed. In other words the word ‘risk’ refers to the
possibility that something unpleasant might happen by taking a certain action. If we
accommodate this rather simple definition, how does it fit into the management of a
DE project? For example, with reference to Table 4A, what risk does the manager
have by investing money to hire part-time writers to develop study materials? The
risk is that writers who sign in at the outset might fail to honour their commitment for
a variety of reasons in the middle of the project. There is the risk of losing money and
time having to advertise for new writers; pay for the new advertisement; lose out on
time, necessitating shifting target dates.
90