BUS528 Week 3 Assignment: ch3 & ch4

Chapter 3 & 4 help us to clarify our project. Learn to define the project and set up the rules and structure for the project. In these two chapters also teach us to identify the role of each stakeholder and their responsibilities. And, how to get everyone together on the same page and agree the steps of the project.
In Chapter 3, the first step, the most important part, of the project knows the key stakeholders. The role of stakeholders can be project manager, project team, management, and the customer, representatives of external constraints, advocates, opponents, and innocent bystanders. To manage a successful stakeholder relationship need:

1. Identifying stakeholders;

2. Understanding their expectations;

3. Managing those expectations;

4. Monitoring the effectiveness of stakeholder engagement activities;

5. Continuous review of the stakeholder community.
In chapter 4, we learned about how to write the project rules. Since all the projects are different, they also need to re-create the basic role and processes of managements to meet the need at the beginning of each new project.

The purpose of the project charter is to document:

• Reasons for undertaking the project

• Objectives and constraints of the project

• Directions concerning the solution

• Identities of the main stakeholders

“The charter clearly establishes the project manager’s right to make decision and lead the project.” said by Eric Verzuh.