The Stakeholders in a Project

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The Stakeholders in a Project:

A project is taken on to fulfill a need. A need may originate with an individual but the likelihood of more people being affected by the same requirement in an organization is greater. Those people affected or who have an interest in a given project are called stakeholders. The stakeholders declare their needs and desired goals from the project, and shape its final outcome.

Stakeholders may change during the Life Cycle of a project. In the Initiation phase stakeholders are identified and a list is created. It’s important to name all key stakeholders as a project’s success relies on their role. In some instances it may not be feasible to tap every individual stakeholder therefore representatives can be requested to speak on behalf of a group holding a common interest.

Key stakeholders:

 Project Manager
 Customer/User
 Service Provider
 Management

Definitions below:

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