Project management
Running Head: EVALUATION 1
EVALUATION 4
Stakeholder Analysis
Anh La
PJM 6125
Northeastern University
03/04/2020
Project Objective
Our efforts are focussed on opening an Orangetheory Fitness franchise at Longwood location within four months starting from February 2020. Our analysis showed that many gym goers around Longwood area are extremely dissatisfied with the services and training methods of other fitness centers
Stakeholder Register/Analysis
|
|
Stakeholder |
Stakeholders role |
Type (internal or external) |
Stakeholder expectation |
Stakeholder interest |
Level of influence |
Stakeholder views |
Strategy for stakeholder engagement |
|
1 |
Financial manager |
Handle project resources |
Internal |
Possible overruns on the project and return on investment |
high |
High: failure to evaluate expenditure might rid the credibility of project to the stakeholders. |
Neutral |
Give daily reporting on the expenditures. |
|
2 |
Customers |
Offer ready market for the fitness class |
External |
Advancement of service delivery, advanced economic conditions like cost-savings conveniences and measures. |
High |
High: the unsatisfied clients will destroy the organization reputation. |
Neutral |
Provide a platform to include the client’s needs and provide incentive. |
|
3 |
Project management trainer |
Enables the training of workers for at least two months |
Internal |
Advance the credibility as well as job references on the future projects |
High |
High: realize the achievement of training |
support |
Offer a conducive environment for training in reference to space. |
|
4 |
Employee manager |
Present the entire project to the company officials. |
Internal |
Works on ensuring that employees perform quality task as needed |
High |
High: oversee training and ensuring that all things are in order |
Support |
Maintain strong existence through the training period. |
|
5 |
Trainees |
Attaining training sessions, attending evaluations and acquiring necessary skills |
Internal |
Opportunities for job retention or promotion, “free” time during training, acquisition of knowledge and skills |
Medium |
High: their attitude towards the training as well as attendance will determine the project’s success |
support |
Use of attendance sheet to evaluate attendance |
|
6 |
Financial institution
|
Offers funds to run the project |
External |
Enable financial opportunities and relationship between the company and the clients |
High |
High: lack of source of funds the project will not be successfully completed |
Support |
Lower interest percentage and extended means of payment |
|
7 |
Executive directors |
Work with the project shareholders and explain the project plan for them to approve |
Internal |
Ease all the pressures from the project shareholders to work together to gain profit and increase pay |
High |
High: if there is no intervention by these directors then the shareholders might not approve |
Support |
Reporting the daily proceeding to the shareholders. |
|
8 |
Suppliers |
Being contracted to offer necessary equipment for the project |
External |
Improves the credibility of the business and facilitate the progress of the project |
High |
High: if supplies are not delivered on time it will mean that the progress of the project will be delayed |
High |
Timely delivery of supplies for the continuation of project. |
|
9 |
Shareholders |
Offer resources and approve the progress of the project |
External |
Additional vendor selection qualification criteria, potential for future business contracts, |
High |
High: failure to deliver supplies on time will affect the project timeline |
High |
Draft performance contracts to ascertain timely delivery of supplies. |
|
10 |
Instructional designer |
To offer a manual on ways in which the project operations will be carried out |
External |
promote their work as well as increase credibility and |
Medium |
High: the design and delivery of training should not stray away from the organization’s goals |
Neutral |
Formulate a design and mode of delivery that is aligned with the organization’s goals. |
|
11 |
Government |
Ensure compliance with necessary regulations. |
External |
Revenue inform of company and employee taxes, increased job opportunities, improved economy |
High |
High: the approval from relevant authority is necessary to carry out the project |
Support |
Encourage the company to have such projects by endorsing supplies like trainee t-shirts, potential for future funding. |
|
12 |
Technical manager |
Oversee the installation, use and handling of all technical equipment to be used in the training. |
Internal |
Get access to quality technical equipment, showoff technical skills, put in request for technical upgrades |
Medium |
Medium: their expertise will facilitate a smooth training |
Support |
Check to ensure equipment is well-handled and in good condition throughout the training. |
Evaluation Goal Matrix
|
Goal |
Measurement type |
Metric |
Stakeholder |
|
1. Estimation of cost and striking budget. |
Efficiency |
$50,000 |
Finance manager |
|
2. Timely completion of tasks within stipulated deadline |
Efficiency |
2 months |
Employee manager |
|
3. Proper utilization of available supplies to last the project duration |
Efficiency |
A remainder of supply materials at the end of the project |
Employees |
|
4. Proper utilization of available space for training |
Efficiency |
Accommodation of 100 trainees in two hall-size meeting rooms |
Trainees, employee manager |
|
5. Reputable, highly rated trainer firm |
Effectiveness |
Reference to past acclaimed presentations nationwide |
Trainers |
|
6. Successful training project |
Effectiveness |
80% trainee attendance based on sign-in sheets |
Employees |
|
7. Successful project implementations |
Effectiveness |
10% increase in success rate of projects undertaken |
Trainers, employees |
|
8. Alignment of instruction design and delivery mode with organization’s goals |
Effectiveness |
Instruction manual teachings centered around the projects implemented by organization |
Instruction designer, trainers |
|
9. Skills and knowledge enhancement in the field of project management |
Impact |
70% success rate on project management exam results |
Trainers, employees |
|
10. Innovation in project creation and implementation |
Impact |
5% increase in new project idea submissions |
Employees, employee manager |
|
11. Gaining competitive edge |
Impact |
Approaches for consultation by other organizations |
Directors, employee manager, employees |
|
12. Client satisfaction |
Impact |
New client referrals, growing clientele base |
Customers |
1.2: Evaluation Goal Matrix.