Remember the following information:

Stakeholders are varied and numerous across our firms. Professionals aim to understand their impact through regular engagement with clients across the public, private and civil society sectors; with regulators and standards setters; their own people, suppliers and business partners; local and international non-government organizations; the media; and the communities in which they operate.

Through the services our firms provide and the relationships KPMG professionals develop, they aim to work strategically with all stakeholders to fulfill a greater sense of purpose.

Throughout the year engagements vary in quantity and subject matter. Depending on current events and timely issues, stakeholders are engaged on subjects as diverse as the future of corporate reporting to pay and reward and sustainable development.

Since an extraordinary situation has arisen not only for the companies, but also for the stakeholders and financiers involved, clear and appreciative communication is particularly important. It is currently of particular importance to stabilize the relationship of trust between the parties involved. The support of an independent expert has a positive influence on negotiation and decision-making processes.

Support in the preparation and implementation of decision-making processes
Stakeholder management in conflict situations and assumption of a coordination function
Accompaniment in negotiation situations, in particular support in bank (post-)negotiations
Communication of remedial measures
Feel free to contact us with all your questions and challenges.

A skilled project manager understands the importance of managing stakeholder expectations to ensure project success. In this blog, we explore how a strong project manager recognises the significance of stakeholder networks and caters to their diverse requirements, leading to overall project success.
Project financiers are focused on the project's financial performance and the expected return on investment. A competent project manager must closely monitor the project's financial health by implementing robust cost management strategies and ensuring optimum resource utilisation. Continuously reviewing key performance indicators, such as earned value and gross profit margin, enables the project manager to provide assurance to their financiers that their investments are on track.
Employing effective cost management strategies, such as monitoring expenses and identifying cost-saving opportunities, help the project manager to ensure that the project stays within budgetary constraints while delivering the desired outcomes.
Supporting the project team and ensuring their productivity and satisfaction is another key aspect of stakeholder management. Focusing on billable utilisation enables the project manager to track the team's contribution to revenue generation. Additionally, the project manager must facilitate a positive work environment and provide opportunities for adequate training and research to complement the team's efforts. The project manager can foster team satisfaction and enhance overall project performance by timely addressing such needs and concerns.
Ultimately, customer satisfaction is paramount to project success. A proficient project manager must understand and incorporate customer expectations into the project plan. Regular communication and feedback loops with the customer are essential to ensure alignments.
A project manager's ability to effectively manage the expectations of different stakeholders plays a pivotal role in a project’s success. This is achieved by aligning the interests of financiers, the management, the project team and customers with overall project objectives.