Who are stakeholders in a project?

Stakeholders in a project encompass any individual or group that can influence or is influenced by the project's results. This broad definition recognizes that stakeholders can come from various backgrounds and positions, including project team members, external clients, customers, investors, vendors, and even community members who may be affected by the project's deliverables.

Understanding who stakeholders are is crucial for effective project management, as their needs, expectations, and reactions can significantly impact the success of the project. Engaging with stakeholders throughout the project lifecycle helps ensure that their interests are addressed, ultimately leading to better outcomes and satisfaction for all parties involved. This inclusive perspective is essential for fostering collaboration, gathering feedback, and effectively managing risks associated with varying viewpoints and interests.