Remove Governance Remove Influencer Remove Risk
article thumbnail

Stakeholder Salience Model in Project Management

ProjectManager.com

Then there are external stakeholders, who can be customers, suppliers, vendors, subcontractors, the government, the community, and non-governmental organizations (NGOs). Power The ability of a stakeholder to influence the project’s outcome, resources or decisions. They have significant influence, so they must be properly engaged.

article thumbnail

The Stakeholder Salience Model and How to Use It

Rebel’s Guide to PM

Power Power is a measure of how much influence they have over actions and outcomes. Larger projects are likely to have higher numbers of people with power involved because they tend to attract greater corporate governance and oversight – so the top management likes to know what is going on. An example would be the board of a company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Project Financing Basics: How to Fund a Project

ProjectManager.com

The availability of funds influences project start dates and the scheduling of different phases within the Gantt chart. Most projects utilize a combination of financing methods, including bank loans, government grants, private investments and crowdfunding, to mitigate risks and maintain financial stability.

Finance 301
article thumbnail

What Is Corporate Governance & How Can it Impact My Project?

ProjectManager.com

While making money is the overriding mandate of any for-profit enterprise, each individual organization is governed by its own set of standards and practices. Those standards and practices are called corporate governance, and they are going to influence your project. What Is Corporate Governance?

article thumbnail

Internal Stakeholders vs. External Stakeholders in Project Management

ProjectManager.com

Internal stakeholders are crucial for project success because they have direct control or influence over the resources, processes and policies that drive the project forward. On top of that, our Gantt charts link all four types of task dependencies, which identify potential risks, delays and cost overruns.

article thumbnail

Top 25 Project Management Influencers of 2025

NimbleWork

These top 25 influencers for 2025 aren’t just keeping up with the trends—they’re setting them, reshaping how teams collaborate, innovate, and deliver in today’s fast-paced world. What distinguishes these influencers in the landscape of project management thought leadership?

article thumbnail

The 5 Project Management Phases: A Quick Guide

ProjectManager.com

It helps stakeholders make informed decisions about whether to proceed with the project, based on factors such as expected benefits, risks, resource availability and alignment with business goals. They facilitate risk identification, coordinate early resource discussions and ensure stakeholder engagement.

PMO 217