A stakeholder in a project (e.g., a customer) is anyone who is impacted by the project. Some of the stakeholders include Customers, Project sponsor, Project leaders, Development team, Vendors, End users. The most important stakeholders are the customers or users of the product being developed.
Stakeholder satisfaction is an important goal for the project team and can determine the success or failure of the project.
Identifying and engaging current and future stakeholders requires soft skills and leadership. Leaders should strive to facilitate stakeholder engagement and collaboration throughout the project lifecycle and provide the tools for effective and informed decision making.
This requires building an environment of trust, aligning stakeholder needs and expectations, and balancing their requirements with an understanding of the associated costs/expenses.
Top related Tools and techniques of Stakeholder Engagement
