- As a CIO, you are responsible for addressing a wide variety of competing demands of many different stakeholders.
- Stakeholders can be difficult to identify; it is often these hidden stakeholders that can unexpectedly derail your agenda.
- Understanding which of your stakeholders are most important and determining the best way to address the needs of each one can be complex and time consuming.
Our Advice
Critical Insight
- Stakeholder management is more important than you realize. Surveys have found that stakeholder management is the number one factor in CIO success.
- Stakeholder management is an everlasting process as the stakeholder landscape is constantly shifting. Proactively and perpetually engage with your stakeholders, and update your plan and approach on an ongoing basis.
Impact and Result
- Optimize your stakeholder management process to identify, prioritize, and effectively manage key stakeholders.
- Develop and maintain strong relationships with stakeholders to gain easier buy-in and support for current and future initiatives.
- Track your ongoing stakeholder management progress with a weighted Net Promoter Score.
Member Testimonials
After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.
9.8/10
Overall Impact
$9,984
Average $ Saved
7
Average Days Saved
Client
Experience
Impact
$ Saved
Days Saved
Nieuport Aviation
Guided Implementation
10/10
$3,000
4
SCI LLC DBA On Semiconductor
Guided Implementation
9/10
N/A
5
Smile Train
Guided Implementation
10/10
$12,999
5
City of Santa Fe
Guided Implementation
10/10
$11,339
10
City of Santa Fe
Guided Implementation
10/10
$12,599
10
Alexion Pharmaceuticals
Guided Implementation
9/10
$39,975
10
City Of Kawartha Lakes
Guided Implementation
10/10
$1,800
5
Westmoreland Mining LLC
Guided Implementation
2/10
$31,833
5
Quebec Iron Ore
Guided Implementation
8/10
N/A
N/A
Medicago Inc
Guided Implementation
10/10
N/A
1
Dark Fibre Africa
Guided Implementation
8/10
N/A
N/A
Werner Co.
Guided Implementation
6/10
N/A
N/A
ISG Central Services Ltd.
Guided Implementation
8/10
N/A
10
Department of Commerce - National Telecommunications and Information Administration
Guided Implementation
10/10
N/A
N/A
Rutgers State University
Guided Implementation
8/10
N/A
5
Stakeholder Relations
Make proper stakeholder management a habit.
This course makes up part of the Strategy & Governance Certificate.
- Course Modules: 5
- Estimated Completion Time: 2-2.5 hours
- Featured Analysts:
- Paul Brown, Sr. Research Director, CIO Practice
- James Alexander, SVP of Research and Advisory, CIO Practice
Workshop: Manage Stakeholder Relations
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Identify stakeholders
The Purpose
- Develop a complete list of all stakeholders.
- Do not forget or miss any key stakeholders.
Key Benefits Achieved
- A complete list of stakeholders that reduces the number of surprise stakeholders who could derail your initiative.
Activities
Outputs
Use a 360 degree view to identify initial stakeholders.
- Identified initial stakeholders.
Identify stakeholders through business capability mapping.
- Business capability mapping of stakeholders.
Identify stakeholders through business process mapping.
- Business process mapping of stakeholders.
- List of stakeholders.
Module 2: Analyze stakeholders
The Purpose
Prioritize key stakeholders.
Key Benefits Achieved
Know where to focus efforts.
Activities
Outputs
Focus your efforts.
Take stakeholder PULSC.
- Stakeholder map.
Determine stakeholder interest.
Assess stakeholder support.
Identify most important stakeholders.
- Prioritized list of stakeholders.
Prioritize stakeholders.
Module 3: Manage stakeholders
The Purpose
Develop management and communication tactics with key stakeholders.
Key Benefits Achieved
Created a proactive way to interact effectively with stakeholders.
Activities
Outputs
Define stakeholder management plan components.
- Stakeholder Management Plan.
Select engagement tactics for each stakeholder type.
Determine stakeholder communication styles.
- Communication Plan.
Use effective communications to build relationships.
Complete your stakeholder management plan.
Module 4: Monitor stakeholder management
The Purpose
Measure stakeholder management process success.
Key Benefits Achieved
Tracked your success to determine areas for continual improvement.
Activities
Outputs
Monitor stakeholder management success.
Use NPS as a metric.
Weight your NPS.
- Stakeholder Analysis Tool tab 8, WNPS.
Collect data effectively.
Keep a written record.