Stakeholder Management

Introduction

When working on a project, there are many people or organizations that are dependent on and/or are affected by the final product or output. These people are the stakeholders of a project.
Stakeholder management involves taking into consideration the different interests and values stakeholders have and addressing them during the duration of the project to ensure that all stakeholders are happy at the end.
This branch of management is important because it helps an organization to achieve its strategic objectives by involving both the external and internal environments and by creating a positive relationship with stakeholders through good management of their expectations.
Stakeholder management is also important because it helps identify positive existing relationships with stakeholders. These relationships can be converted to coalitions and partnerships, which go on to build trust and encourage collaboration among the stakeholders.

How Does Stakeholder Management Work?

Stakeholder management, in a business project sense, works through a strategy. This strategy is created using information gathered through the following processes:

• Stakeholder Identification - It is first important to note all the stakeholders involved, whether internal or external. An ideal way to do this is by creating a stakeholder map.
• Stakeholder Analysis - Through stakeholder analysis, it is the manager's job to identify a stakeholder's needs, interfaces, expectations, authority and common relationship.
• Stakeholder Matrix - During this process, managers position stakeholders using information gathered during the stakeholder analysis process. Stakeholders are positioned according to their level of influence or enrichment they provide to the project.
• Stakeholder Engagement - This is one of the most important processes of stakeholder management where all stakeholders engage with the manager to get to know each other and understand each other better, at an executive level.
  This communication is important for it gives both the manager and stakeholder a chance to discuss and concur upon expectations and most importantly agree on a common set of Values and Principals, which all stakeholders will stand by.
• Communicating Information - Here, expectations of communication are agreed upon and the manner in which communication is managed between the stakeholders is established, that is, how and when communication is received and who receives it.
• Stakeholder Agreements - This is the Lexicon of the project or the objectives set forth. All key stakeholders sign this stakeholder agreement, which is a collection of all the agreed decisions.

In today's modern management project practice, managers and stakeholders favor an honest and transparent stakeholder relationship.

Failures in Stakeholder Management

Some organizations still endure poor stakeholder management practices and this arises because of:

• Communicating with a stakeholder too late. This does not allow for ample revision of stakeholder expectations and hence their views may not be taken into consideration.
• Inviting stakeholders to take part in the decision making process too early. This results in a complicated decision making process.
• Involving the wrong stakeholders in a project. This results in a reduction in the value of their contribution and this leads to external criticism in the end.
• The management does not value the contribution of stakeholders. Their participation is viewed as unimportant and inconsequential.

Whatever way stakeholder management is approached, it should be done attentively so as to achieve the best results.

Achieving Good Stakeholder Management

Insufficient involvement and ineffective communication with stakeholders can lead to project failure. The following are a few ideas that can be used to achieve good stakeholder management practices:

• Management and stakeholders should work together to draw up a realistic list of goals and objectives. Engaging stakeholders will improve business performance and they take an active interest in the project.
• Communication is the key. It is important for stakeholders and management to communicate throughout the course of the project on a regular basis. This ensures that both parties will be actively engaged and ensure smooth sailing during the course of the project.
• Agreeing on deliverables is important. This makes sure there is no undue disappointment at the end. Prototypes and samples during the course of the project helps stakeholders have a clear understanding regarding the end project.

Conclusion

In conclusion, in order to achieve an outcome from the projects, good stakeholder management practices are required. Stakeholder management is the effective management of all participants in a project, be it external or internal contributors.
Arguably, the most important element in stakeholder management is communication where a manager has to spend his 99% time in doing meetings, checking and replying e-mails and updating and distributing reports, etc.

NTS Need Based Scholarships for Year 2014 Advertisement

Recently NTS announced out the need based scholarships for the NTS associated universities students. In this program needy student will get full wave off in University tuition fee and stipend worth RS 5000/ month.

NTS Need Based Scholarships for Year 2014 Eligibility 

Below is the complete eligibility criteria for the NTS Need Based Scholarships for Year 2014

• Scholarships are offered for study at undergraduate & graduate level programs in all disciplines at the NTS Associated Universities of Pakistan.
• Students need to have a valid regular admission or should enroll as a regular (full time) student in any NTS Associated University / Institution as per their admission criteria.
• It is mandatory for an applicant to attain qualifying scores in NTS tests for securing admission at a NTS Associated University / Institution i.e.
• NAT test for admission in Under-Graduate (4 Years) program.
• GAT test for securing admission in Graduate (2 Years) program as per admission policy of the University / Institution.
• Students in need of financial assistance who are already enrolled in the Associated Universities / Institutions are also eligible to apply, subject to the condition that they have passed NTS (NAT / GAT) test for admission. However, funding of the existing enrolled students will start from Fall 2014.
• The existing enrolled students will be eligible if they have scored equal or more than 2.5 GPA in the proceeding semester.
• In case of Medicine, Pharm-D (and other five year programs) funding will be made for the completefive year program.
• The eligibility of a candidate is linked to his / her financial need (keeping in view the financial background of the applicant’s family) as will be determined & assessed by the University Internal Scholarship Award Committee (UISAC).
• After selection, funding to the selectees will continue for the full program.
• In case of any drop outs, replacements will be made on eligibility / merit basis.

- See more at: http://educationist.info/nts-need-based-scholarships-for-year-2014-announced/#sthash.wEAqByp5.dpuf

Inter Result 2014 HSC (HSSC) Part 1 Pre Engineering Results

Inter Result 2014 HSC (HSSC) Part 1 Pre Engineering Results - Find BIEK (www.biek.edu.pk) Inter 1st year and 2nd year Results 2014 of Pre Engineering, Pre Medical & Commerce Groups, HSC part 1 and part 2 Result Karachi board, bise lahore Faisalabad, Rawalpindi, Bahawalpur, Sargodha, DG Khan, Islamabad, Peshawar, Quetta, Multan other cities in Pakistan, intermediate Board 11th Class and class 12th Sahiwal, Gujranwala, Multan, Bahawalpur, Faisalabad & DG Khan bise board.
Check your Inter HSC Results online of part 1 and 2 for the year 2013-14 of both regular and private enrolled students. Here you can find your Annual result and supplementary (supply) for regular, private, humanities, computer science and arts Group from Board of intermediate Education Karachi. As soon as the official boards publicize the results for Inter Board, it will be publishing here on hamariweb results. Students who are enrolled /registered to their respective boards and have appeared in examination can simply feed in their roll number to get their annual result.
Inter HSC Part 1 Arts (REG/PVT) Result 2014 will be Announced Today on 22nd October 2014 at 1:00 PM. Keep visiting results.hamariweb.com for further updates.

Inter HSC Part 1 Pre Engineering & Commerce Results 2014 Karachi Board Biek.edu.pk

UPDATES: Inter HSC Part 1 PRE-Engineering & Commerce Result 2014 will be expected in Oct 2014. Keep visiting results.urduwire.com for further updates.

Check Your Result at http://results.urduwire.com

CNG stations fined for overcharging

FAISALABAD: The District Administration has fined three CNG station owners with Rs 75000 for overcharging.

According to city district government, Assistant Commissioner (AC) city Shah Rukh Niazi conducted raids in different areas of the city and found out that three CNG station owners including Tamoor CNG Satyana Road, Laraib CNG Narwala Road and Akbar CNG Batala Colony were over charging.
The AC city imposed a fine of Rs 25000 each on these CNG station owners.

Exports of sports products witness positive growth in 1st quarter

ISLAMABAD: The exports of sports products from the country witnessed positive growth during the first quarter of the current fiscal year compared to the corresponding period of last year.

The sports goods worth $82.015 million were exported during July-September (2014-15) compared to the exports of $81.527 million in July-September (2013-14), showing a positive growth of 0.60 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).

The sports goods that contributed in positive growth included footballs, exports of which increased by 15.05 percent during the period under review compared the last year.

The football exports reached to $40.705 million in 2014-15 compared to the exports of $35.380 million during the last year, the data revealed.

Similarly, the exports of gloves increased from $27.776 million in 2013-14 to $28.738 million in 2014-15, showing a growth of 3.46 percent.

However, the exports of all other sports products decreased by 31.57 percent by falling from $18.371 million to $12.572 million.

Meanwhile, on year-on-year basis, the exports of sports products decreased by 18.38 percent in the month of September 2014 compared to the exports of September 2013.

The exports of sports products in September 2014 were recorded at $25.083 million compared to the exports of $30.731 million in September 2013.

Among these products, the exports of footballs decreased by 5.77 percent in September 2014 over September 2013 while the exports of gloves and all other sports products witnessed negative growth of 21.99 percent and 42.88 percent respectively in September 2014.

On month-on-month basis, the exports of sports products, increased by 13.70 percent in September 2014 when compared to the exports of $22.060 million in August 2014.

Compared to the month of August 2014, the exports of footballs in September 2014 increased by 22.90 percent whereas the exports of gloves increased by 7.81 percent.

The exports of all other sports products decreased by 1.22 percent in September 2014 compared to the exports of August 2014, the PBS data revealed.

It is pertinent to mention here that the country's overall exports during July-September (2014-15) were recorded at $6.015 billion against $6.695 billion during July-September (2013-14).

On the other hand, Imports during the period under review were recorded at $12.519 billion against $11.177 billion during the corresponding period of last year.

Based on the figures, the trade deficit during July-September (2014-15) was recorded at $6.504 billion against $4.482 billion in July-September (2013-14), showing negative growth of 45.11 percent.

SC allows govt for OGDCL privatisation

The Supreme Court on Monday allowed the government to privatise Oil and Gas Development Company (OGDCL).

Hearing the OGDCL case, the apex court in an interim order directed that OGDCL shares be sold out to companies with higher bids. Notices in this regard have also been issued to the concerned parties by the court and the hearing of the case has been adjourned for three weeks.

In a concise statement submitted before the Supreme Court on Saturday, the federal government said if the privatisation of 10 per cent shares of the OGDCL was not completed, Pakistan would be exposed to ‘great financial loss’.

The government requested the top court to dismiss the petition of the Khyber Pakhtunkhwa government against the privatisation of OGDCL. “It would be an irretrievable loss which would affect future prospects of foreign investments,” said the statement by Additional Attorney General Waqar Rana.

The federal government has alleged that the K-P government is attempting to create the impression of a national economic crisis which simply doesn’t exist.

Since the PHC passed the restraining order, the value of OGDCL’s share has depreciated by about Rs 20, it added. “If this uncertainty continues, there is great likelihood that the share value will further depreciate. The loss already suffered on this account runs into 100s of millions of rupees.”

prize bond list 750

 Peshawar (15th October 2014) Thursday – Central Directorate of National Savings Government of Pakistan will hold Draw or Balloting of Prize bonds of Rs.750 (Seven Hundred Fifty Rupees) on 15/10/2014. Prize Bond Draw Result Rs 750 Peshawar 15th October 2014 Full List. The list of draw will be available here when it will be provided by the Pakistan National Saving.
National Savings prizebond

Pakistan National Savings Government has held a prize bond Draw of RS 750 at Peshawar. 15th October 2014 Peshawar 750 Rs prize bond draw list will be available very soon. 8th Prize bond draw will be held in Peshawar capital city of KPK on 15th October 2014. prize bond draw 750 2014,national savings prize bond draw rs 750 on May 15/10/2014 in Peshawar,online rs 750 list 15th October 2014 National Savings of Pakistan government has held a prize bond draw of 750 Rs.in Peshawar on 15 October 2014. This is 58th prize bond draw of 750 held in Peshawar city.

Download 750 Prize Bond Draw Result 15th October 2014 Peshawar Full List online..
750 Prize Bond Draw Result 15th October 2014 Peshawar full list uploaded

---

 DRAW OF Rs.750/- PRIZE BOND
                  HELD AT PESHAWAR
Draw No.:  60th                                                 
Series  : COMMON DRAW                        Date : 15/10/2014

--------------------------------------------------------------
First Prize of Rs.1,500,000/-

409087                              

--------------------------------------------------------------
Second Prize of Rs.500,000/- Each 3 Prizes


153627	695616	987816
--------------------------------------------------------------
Third Prize of 1696 Prizes of Rs.9,300/- Each




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Class Nine part 1 science Result 2014 /SSC part 1 Result 2014

IMPORTANT NEWS CLASS NINE RESULT 2014 HAS BEEN ANNOUNCED:

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BISE Lahore Board Inter (11th Class) Result 2014 announced

BISE Lahore Board Inter (11th Class) Result 2014 announced online BISE Lahore Board will declare the Inter 11th Class Result 2014 Online

According to Board Official Website www.biselahore.com ceremony for the Position Holders to be held at bise lahore Auditorium on 10th Octoberr 2014 at 10:00 AM.

The Result of 11th Class All Punjab Education Boards (Lahore, Multan, Rawalpindi, Sargodha, Bahawalpur, Faisalabad, Dera Ghazi Khan, Gujranwala, Sahiwal, Mirpur) will be available at SIALTV.PK and Official Websites of respective Boards.

According to the announcement the Inter result 2014 is going to be declared in the month of October. This time the result will be declared on 1o-october-2014 at 10:10 AM. All the students who appeared in the final examination of 12th class in the month of March 2014 can get their result from the link provided on this webpage. We will surely publish the result as soon as it will be declared by the Board of Intermediateand Secondary education.

All the students who appeared in the final examination of any of these exams can get their result from our website SIALTV.PK. We will provide you each result on specific webpage. Here below you can get the Interresult of 2014. Therefore the students who appeared in the final examination in March 2014 must keep visiting our website to get result in time.

Results - Mirpur - AJK Board of Intermediate and Secondary

• 11th Annual 2014 - Online Result - Online Result
• 12th Annual 2014 - Online Result (Online Closed) - Download Result Gazzette
• 9th Annual 2014 - Online Result (Online Closed) - Download Result Gazzette
• 10th Annual 2014 - Online Result (Closed) - Download Result Gazzette
• HSSC Supply 2013 - Online Result (Closed) - Download Result Gazzette
• SSC Supply 2013 - Online Result (Closed) - Download Result Gazzette

INTERMEDIATE HUMANITIES (PRIVATE) GROUP PART - II (CLASS XII) ANNUAL EXAMINATION 2014.

Education Results Page is shown the Pakistan's all Primary, Secondary and Universities Results, you can search your result by providing your Roll Number.

Click here to submit your Roll Number...

Imran, Qadri’s ‘pathetic protests’ result in sharp economic fall

Islamabad—The “pathetic protests” of Imran Khan and Dr Tahirul Qadri have resulted in crippling the government’s machinery, slacken ongoing projects, and caused a sharp fall in economy, the Gulf News has reported. The leading daily of United Arab Emirates in its article ‘Politics on containers’ says that everyone inside and outside of Pakistan has been watching the chaos pervading Islamabad, that has stagnated all projected plans. The article said Pakistan, a few weeks ago, was lucky enough to run on a democratic track and was on its road to progress. However, such development turned to standstill when Imran Khan and Tahir-ul-Qadri brought their agenda.

“It disrupted the current developments and created a chaotic situation, first in Lahore and then in Islamabad, starting with the independence day of Pakistan,” the writer says. “It is ridiculous when Imran says that he wants to create a new Pakistan, what type of new Pakistan is he thinking of?,” he adds. The protests having entered fifth week, have resulted in postponement of visits of three foreign presidents including the Chinese president. These visits were considered to be highly important for Pakistan to support its flagging economy and trade, the writer says. Moreover, calamity added up when the country faced heavy rains and flooding that just added to the existing havoc.

“This is the time when Imran and Qadri must stop such unlawful and unconstitutional protests and get down from their podiums to help the flood victims, that is if they are actually patriotic and loyal to the poor as they claim to be.” The writer said it was enough for the people who were sick of hearing the speeches of protesting leaders every day, and suggested that instead they should join hands with the government to work for a better Pakistan. Another article titled ‘Pakistan in ferment’ published in daily The Statesman by Arun Kumar Banerji said it is against a grim background that one has to examine the sit-in demonstration launched by Imran Khan, Qadri and their respective supporters. The writer says that a realistic assessment of the performance of Prime Minister Nawaz Sharif’s government over the last one year is not bereft of positive features. He mentions that since the present government took over, the stock market crossed the 30,000 mark; the rupee gained against the dollar; and after much delay, a military operation had been launched in North Waziristan.

“So not such a terrible record that the government needs to be changed four years before it’s tenure is up,” he adds. He said after all, the problems that Pakistan is facing now - sectarian clashes, terrorism, poverty - were not created by the present government nor can these be solved overnight. “So what is the larger agenda of Imran Khan and Qadri? They started their sit-ins with a one-point programme - resignation of the Prime Minister on charges of electoral fraud, though this claim is not supported by independent observers,” he said. The writer said had Imran Khan been serious about his allegations, he should have exhausted all legal avenues to unseat the Prime Minister before launching his undemocratic `movement’, which was criticised even by one of his senior party functionaries. Terming Imran Khan’s movement as “undemocratic”, he suggested that with 35 members of his party in the National Assembly, Imran should have sought the support of other Opposition parties.—APP

Admission lists for govt colleges announced

Karachi

The admission lists for humanities and commerce groups in the government-run colleges for men and women were issued on Saturday.

With the announcement of admissions in the humanities and commerce groups, the admission process for the academic year 2014-15 has been completed. The classes are likely to commence after October 13 at the government colleges of the city.

Owing to the adoption of Sindh E-Centralised College Admission Programme-2014 (SECCAP), the admission process at the colleges faced a lot of delay. Last year, the classes began from September 14, while this year the process of notifying admission lists was completed on September 27.

All admissions have been granted under the newly-adopted SECCAP-2014. As many as 18,853 male students have been given admissions in 57 colleges in commerce faculty, whereas a total of 13,711 females secured admissions in 53 government colleges. In humanities faculty, 7,300 female students got admissions in 64 colleges, while 933 male students secured admissions in 35 colleges of the city.

SSUET admissions: 5,000 candidates appear in entry test

Results will be announced in December and may be checked on the SSUET noticeboard and the university website.. STOCK IMAGE

 

KARACHI: 

  As many as 5000 candidates, including a large number from Gilgit-Baltistan and Azad Kashmir, appeared in the pre-admission entry test for the bachelor’s degree programmes announced by Sir Syed University of Engineering and Technology (SSUET) for the academic year 2015, held at Karachi Expo Centre.

Results will be announced in December and may be checked on the SSUET noticeboard and the university website. Classes for the new batch will start from January 3.
SSUET chancellor Muhammad Adil Usman visited the examination centre and praised the arrangements for the test. He said that SSUET prepares professionals with extraordinary skill and outstanding ability.
Meanwhile, vice chancellor Prof Dr Syed Jawaid Hussain Rizvi said that they had introduced a new electrical engineering department and programmes in software engineering, architecture and bioinformatics for the new academic year.
Published in The Express Tribune, September 29^th, 2014.