Also, stakeholder participation done proactively, rather than in response to a problem, can help to avoid problems in the future. UrBAn StAKehoLder engAgement And coordInAtIon 4 www.iied.org Contents Abbreviations and acronyms 5 Introduction 6 Stakeholder engagement and coordination in urban crises 6 Purpose of this guidance note 7 Structure of this guidance note 7 Key principles of urban responses 8 Understanding the context 8 Applying an area-based approach 8 Dialogue: An exchange of views and opinions to explore different … document. FFACT: 5 Criteria for a Successful Stakeholder Engagement System The following five criteria form the basis of a truly successful stakeholder engagement program. Stakeholders were never easy to ‘manage’. It is the process by which an organisation involves people who may be affected by the decisions it makes or can influence the implementation of its decisions What is stakeholder Engagement? They can work with their investee/organization in the field by providing guidance, and assist by allocating resources towards stakeholder engagement. However, stakeholder engagement is not easy, because all projects involve people whose behaviour can change over the course of a project. The managerial importance of stakeholder management has been accentuated in various studies (Ramabodu & Verster, 2010; Raniga & Simpson, 2009) that demonstrate that just treatment of stakeholders is related to the long term survival of the organization (McManus, 2004). STAKEHOLDER ENGAGEMENT PLAN KRUMOVGRAD GOLD PROJECT BULGARIA DECEMBER 2014 Glossary i GL O S S AR Y Consultation: The process of gathering information or advice from stakeholders and taking these views into account when making project decisions and/or setting targets and defining strategies. This process follows a progression of three stages: Inform, Prepare, and Act. Consider collaborating with stakeholders when • Proactive engagement can help to avoid problems • A problem has been clearly identified • The best course of action is complex or not apparent However, some engagement activities can guide the focus of your stakeholder group selection, such as community engagement, which might focus primarily on local actors rather than international organizations. Topic Title: The Strategic Importance of Stakeholder Management Topic Description: Stakeholders make or break a project, and often Project Managers do not spend the time to effectively manage the stakeholder relationship – to the project’s disadvantage. for stakeholder engagement Manage expectations from the beginning - be clear about the levels of engagement, the role of participants at different stages of the process and how their input will be used Design the stakeholder engagement process with a clear view of the timescales Use the VNR as a foundation for long term Additionally, stakeholders have competing scripts and differing objectives. stakeholders and strategically manage them (Patton, 2008). Stakeholder engagement suggests managing the project for this wide stakeholder audience. Funders and investors, while not as close to all affected stakeholders, also have an important role. 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