UBS

Project Stakeholder

What is Project Stakeholder?

A project stakeholder is a term used to define a person or an organization that is positively or negatively impacted by your ongoing project. 

In a broader aspect, you can say that a project stakeholder is a term you would use for a larger project. If you’re running a  megaproject, it’s possible that almost everyone around you is impacted in some way or the other, with the decision taken in the project. The important thing is to define with a good degree of accuracy, who are your stakeholders and how important their decision is to the company.

Stakeholders and their relationship with the company and its employees can have a positive or negative influence on your project life cycle, so you’ll need to identify your key stakeholders and create a stakeholder management plan to meet the requirements for your project.

Also, See: Stakeholder

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