question - the 4 below passage require analysis and breakdown .

1. Great explanation of stakeholders. You are correct in stating we need to identify all the potential stakeholder and see what motivates them. Involving stakeholders in a project, is an excellent way to receive feedback and the stakeholders will be able see the progress of the project. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers. However, with the increasing attention on corporate social responsibility, the concept has been extended to include communities, governments, and trade associations (Chen, 2020). Usually the stake holder has a vested interest in companies success, thus wanting the project to be successful. A common problem that arises for companies with numerous stakeholders is that the various stakeholder interests may not align. In fact, the interests may be in direct conflict. For example, the primary goal of a corporation, from the perspective of its shareholders, is to maximize profits and enhance shareholder value. Since labor costs are unavoidable for most companies, a company may seek to keep these costs under tight control. This is likely to upset another group of stakeholders, its employees. The most efficient companies successfully manage the interests and expectations of all their stakeholders (Chen, 2020).

2. In effort to get all my stakeholders to participate with buy-in and feedback on a project plan I would have a meeting also known as the project kickoff meeting which is the first major step in starting the project (Jacobs & Chase, 2014). At this meeting I would aim to have all the stakeholder present, but if all the stakeholders cannot be present, I would find some other times to meet with those stakeholders who cannot attend separately within the following week. Hopefully for the meeting I can gather as many stakeholders as possible to introduce myself, the other stakeholders to each other, the project, and assigned responsibilities (Jacobs & Chase, 2014). Once the project continues to involve and depending on the responsibilities of the stakeholders, I would want to meet with those who are heavily involved by making sure they stay informed with regular status reports and notices of upcoming deadlines. The stakeholders that are not directly involved are still important and require attention as well so I would also make sure to check in with them periodically to provide them updates on the project and to make sure no issues arise. The key success to making sure the stakeholders are engaged is to have effective communication (Jacobs & Chase, 2014). Once the project is coming to completion, I would invite all the stakeholders out again for a wrap-up meeting to discuss the final details of the project, to thank everyone for their participation, to discuss what went well, and what could have been done better. Lastly, I would summarize the meeting with an end of project report to disseminate to the stakeholders for review and approval.

3. Project management is a necessary component to any successful organization, especially those that require a multitude of experience on the management team, whether that be because of the size of the company, the difficulty of the work, or a mixture of both. Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements (PMI, 2020). Having effective project managers will give both stakeholders and shareholders alike peace of mind that operations will be executed well.

It is quite simple to see how project management can be applied to supply chain strategies. Firstly, trying to find new suppliers within a supply chain may be a project within itself, which would require a project manager to oversee. Project managers also conceivably look over current supply chain operations, as dealing with remote suppliers or difficult organizations may be done more effectively with a project manager.

4. I would like to start by saying thank you for being such a wonderful instructor. This is my second masters degree with GCU. On top of that, I am a University Development Counselor for the university and work with students and their GCU instructors daily. I can honestly say, you are more prepared, provide more resources and are more responsive than just about any instructor I have dealt with. I really appreciate the time you put into the videos to provide additional support. They were truly a lifesaver for me, and I am sure for others as well.

Regarding my takeaways from the content we covered this course, I believe I will find the lease options information most useful. I have always been aware of leasing as an alternative to purchasing property and equipment and in my side work as a real estate professional, I have dealt with leaseback agreements. I did not realize how many types of leases there were and the benefits of various options depending on the specific circumstances of the lessee and lessor (Gilani, n.d.). I found this information very helpful and will use it to provide my clients with as much detailed information as I can to let them better understand their options.