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Assignment of
Project Stake Holder Management

MSPM

Assignment No 1

Subject Name PRM-703

Course Instructor SHAZIA BILAL Student Name M.NAVEED JAMIL

Roll No SP13-RPM-269

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Q. Project Stakeholder Management and Human Resource Management are one and the same. Do you agree with this statement or not? Discuss and critically analyze.

ANS.
Project Stakeholders and Human Resources Management

PMI Defining of Project Stakeholders

„individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion“.

definition of HRM

it is the process of managing people in organizations in a structured and thorough manner.
This covers the fields of staffing (hiring people), retention of people, pay and perks setting and management, performance management, change management and taking care of exits from the company to round off the activities. This is the traditional definition of HRM which leads some experts to define it as a modern version of the Personnel Management function that was used earlier.

definition of HRM

Encompasses the management of people in organizations from a macro perspective managing people in the form of a collective relationship between management and employees. This approach focuses on the objectives and outcomes of the HRM function. What this means is that the HR function in contemporary organizations is concerned with the notions of people enabling, people development and a focus on making the “employment relationship” fulfilling for both the management and employees. Project Stakeholders Aim Project managers use the following expressions in almost every project: "Nothing is more difficult than dealing with people."
"No matter what you do, people

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