A Study on Impact of Emotional, Leadership & Managerial Competencies on Project Stakeholder Management

Abstract

Project Stakeholders are considered as institutions or group of people who perceive or possibly will impact or may be impacted by the outcome, activity or decision of any project. While the analysis of Stakeholder creates and abridges facts and figures related to people, group, organization or institutions who are related to the upcoming project in one way or other. The goals and objectives of the stakeholders are always depended on the project’s scope and type. And the impact of these stakeholders is always recognized by the competent project leader. It is observed that some of the stakeholders can affect the project to a limited extent whereas others may influence the project and its outcome to a larger extent. This study indicates project manager’s ability to accurately gauge and manage Stakeholders is such a manner that there is a clear distinction between the success and failure of the project. The management of project stakeholders involves the process of identifying, analyzing expectations, developing the suitable strategies for management and mobility of project by the involvement of stakeholders in major decisions related to the planning and implementation of project. The study highlights the project manager’s competencies which are needed to understand the needs of the stakeholder and also showcase the how the emotional intelligence plays a key role while managing the stakeholder of the project.