A stakeholder map is a stakeholder management tool that identifies the stakeholders in a project or company, their interests, potential involvement in the project and the classification categories into which the stakeholders fall. Stakeholder maps are effective tools for project analysis. By correctly mapping stakeholders, the person in charge of a project can make sure that each person is adequately involved in project communication and decision making.Continue Reading
Stakeholder maps help to prioritize stakeholders by influence and participation in the project. To accomplish this, stakeholders must first be identified and named. After this, each stakeholder's interest in the project should be noted. Some stakeholders may have several interests in the project, such as funding, project content and project changes. Stakeholders with multiple interests may need to be classified as higher priority for communication purposes.
A stakeholder map notes what each stakeholder's involvement level in the project is, whether they take an active or passive role in the implementation of the project. By prioritizing stakeholders, the project manager can better facilitate the needs of each stakeholder in order of importance. This helps the manager to make sure that each stakeholder is adequately apprised of the progress of the project and receives the correct information to address that stakeholder's concerns.Learn more about Investing
A cash or capital infusion is a sudden, impacting cash distribution to an organization from stakeholders that are affected by the organization's activities. A primary example is when a start-up company or one struggling to grow receives a cash infusion from an investor hoping to profit from the business' success.Full Answer >
Primary stakeholders in a corporation or a business entity typically refers to investors, customers, suppliers and employees. As primary stakeholders, these groups are directly affected negatively or positively by any actions taken by the business entity. Actions done by the business can affect two primary stakeholders in different ways.Full Answer >
Effective control provides for the overall success of crucial organizational functions, which includes establishing the point whereat failure is not tolerated, easy integration into existing systems, employee involvement, timely data that identifies priority needs and economic feasibility. Cliff Notes also states that the accuracy of control information ensures that it is helpful, solid, credible and dependable. The controls must be straightforward and easy to understand.Full Answer >
Some tips for making a curriculum map include collaborating with stakeholders, allocating enough time to the mapping process and taking the school's mission and learning philosophy into account. In addition, Grant Wiggins and Jay McTighe, in their book "Understanding by Design," recommend mapping a curriculum backwards starting from intended long-term results instead of discrete topics.Full Answer >