MANAGEMENT

Ways of ensuring buy-in for and feedback on the project 

Stakeholders play a vital role in the success of any project, depending on how the project owner convinces them. Some of the ways of engaging stakeholders and gaining management buy-in include being honest with stakeholders even when they stand to disagree on a specific concept. Moreover, experts recommend that stakeholders understand their significance to the project and how they stand to benefit from it. Keep reaffirming the stakeholders of the goals and progress of the project throughout the execution. The project owner should also engage early enough to identify what motivates the stakeholders to help them stay in the project to the end. It is also wise that the project owner identifies and manages risks to ensure the success of the project (Jacobs et al., 2011). Besides, the project owner should remain consistent and provide feedback to the stakeholders even after the project ends.

Significance of project management in the supply chain strategy   

Every project contains one or more suppliers, customers, or even goods, which make it useful to have a supply chain project management in place. Some of the ways in which project management is applied to implement supply chain strategy include in risk management. Project management helps to understand risk and to establish a risk management plan that controls the cost and schedule overrun to ensure the continuity of supply (Jacobs et al., 2011). Project management also helps in developing accurate delivery schedules that are based on project dependencies and resources. Ensuring that quality systems are built and maintained is also an integral part of project management, and the quality systems make supply chain management relevant. Knowledge in project management also facilitates communication between different stakeholders in a supply chain.

ReferencesJacobs, F. R., Chase, R. B., & Lummus, R. R. (2011). Operations and supply chain management (Vol. 567). New York: McGraw-Hill Irwin.