For this project do the NFL as the organization. Choose a well$-$defined project carried out by an organization that interests you. Select a project, either one you have worked on in previous weeks or a new one that intrigues you. Remember, this analysis will form part of your final project portfolio, so choose a project that you feel confident with and that allows you to demonstrate your project management abilities. Aim to select a project that is neither too broad nor too narrow in scope. Ensure the project has multiple identifiable stakeholders Links to an external site. and a clear objective that allows for the application of the project management methodologies you have learned$\mathrm{.}2$: Identify Key StakeholdersList down the key stakeholders involved in your project. Remember, key stakeholders aren't just those who can influence your project, but also those who stand to experience significant impact whether directly or indirectly from your project's outcome. This could be internal team members, departments that work in tandem with your project, top$-$level management, or even external entities like customers or suppliers$\mathrm{.}3$: Analyze Stakeholder InterestsEvaluate how each stakeholder's interests might positively or negatively affect your project. Consider power dynamics, conflicting interests Links to an external site., and potential areas of cooperation. Try to answer the following:Which stakeholders might have conflicting interests with project goals, and how can these conflicts be managed?Which stakeholder interests align with project goals, and how can these interests be leveraged during the project lifecycle?What constraints will stakeholder management processes impose on project plans in terms of scope, time, and budget?$4$: Create a Stakeholder Management PlanNow that you've identified who your key stakeholders are and what their interests are, let's tackle how you'll manage these interests. This step will involve strategizing how to keep these stakeholders engaged and supportive throughout your project's lifecycle. Consider the following points while building your stakeholder management plan:Communication: How and when will you communicate with your stakeholders? What will be the medium of communication $($emails$,$ meetings, reports, etc.$)?$ The frequency and nature of communication Links to an external site. might be different for different stakeholders based on their level of involvement in the project.Stakeholder Engagement: How will you keep stakeholders involved and invested in your project? This could involve regular updates, milestone celebrations, or providing opportunities for feedback and input.Managing Expectations: Stakeholders may have different expectations from the project. It's important to identify these expectations early and manage them proactively to avoid future conflicts or misunderstandings.You can find examples of stakeholder management templates and additional guidance here Links to an external site.$\mathrm{.}5$: Determine the Impact on Project PlanningYour final task is to determine how your stakeholder management strategy will influence your choice of project planning method Links to an external site.: Waterfall, Agile, or a hybrid approach. Here are some points to ponder as you make this decision:Project Complexity and Uncertainty: Agile methodologies tend to work better with projects that have high levels of uncertainty and complexity where changes are expected to be frequent. In contrast, Waterfall methodologies might be more suitable for projects where requirements are clear from the beginning and less likely to change.Stakeholder Involvement: If your stakeholders are more interested in the big picture and prefer to be updated only when major milestones are reached or when issues arise, a Waterfall approach might be more suitable. On the other hand, if your stakeholders prefer frequent updates and wish to be involved in the minutiae, an Agile approach with its iterative feedback loops might be more appropriate. $($If you cant determine their typical level of involvement by referring to previous projects theyve worked on$,$ make an assumption based on what you know about the organization.$)$