Introduction

Project stakeholders are those people or organizations who may affect the project outcome through providing some form of stimulus or resources. Stakeholder management is an important part of any project, and projects without stakeholder management are prone to failure. By knowing your stakeholders and involving them in the project early, it allows you to easily deal with their issues in the future and make your project a success.

Stakeholder management is an integral part of successful projects. The stakeholders have the role of managing different categories of activities that involve people with a “stake” in the project.

Stakeholder management is important since, without the support of stakeholders, you don’t have a project. Stakeholders are people. There are many stakeholders in a project; the key stakeholders can be sub-divided into customers and suppliers. In addition, there are technical and functional stakeholders. Before we move ahead to discuss the importance of stakeholder management in agile project management, I am going to define the terms “agile project management” and “stakeholder management in agile projects.”

What is Agile project management?

Agile project management is a collaborative methodology to break projects into smaller sections called sprints. Agile project management is a method for guiding and planning project processes.

What is stakeholder management?

Stakeholder management is a way to maintain relationships with all the people who are involved in any project. Stakeholders are the people who directly affect the project’s success. Stakeholder management is crucial to making any project successful. Without managing stakeholders properly, one can’t make a project beneficial. Here the question arises, how can we do stakeholder management? The answer is stakeholder analysis. Stakeholder analysis is the first and foremost step to making a project successful through stakeholder management. Stakeholder analysis can assist you to identify the most influential stakeholders who can directly influence your project’s success. You can learn more about stakeholder analysis by clicking the link.

The importance of stakeholder management in agile project management

Stakeholder management is one of the key aspects of a project manager’s job. A good project manager needs to be able to manage stakeholders and make sure that their needs are met, while at the same time making sure that the project does not get derailed.

Stakeholder management is important in the agile project management process because it helps to ensure that all stakeholders are happy with the final product. It also ensures that you have a clear vision of what your project will look like when it is completed.

Stakeholder management is very important while managing agile projects because it can provide you with

• Greater customer satisfaction

• Improved employee satisfaction.

• increased employee commitment to the organization’s mission

• Employee turnover has been reduced.

• Less employee resistance to change

The other main reason why stakeholder management is so important is that these individuals may not be familiar with agile project management techniques or how they work. As such, it’s up to the project manager to explain how this process works and what they can expect from it. This may require some time and effort on behalf of both parties, but it’s well worth it in order for everyone involved to understand what’s going on with each other’s roles and responsibilities throughout the life cycle of an agile project or program.

Conclusion

Stakeholder management is most important in Agile as there are many stakeholders involved who can be added or subtracted to a project on various conditions, hence stakeholder analysis is needed. Also, it can be concluded that the action plans of the stakeholders have to be prioritized based on the configuration of the project.

The top priority of an agile project manager is to find the balance between stakeholder expectations, project business goals and team delivery requirements. The best way to do this is through stakeholder management. This activity includes all aspects of the business, from strategy to finance and from product development to marketing.