What is a Stakeholder?
It is any individual or group with an interest in a business or project.
Definition
A stakeholder is any individual or group of individuals with an interest in a business or project, who can influence or be influenced by the project's outcomes and determine its success or failure.
Importance
Understanding the roles of stakeholders is crucial for managing their expectations and potential dependencies.
Types
Stakeholders can be categorized as internal, external, or secondary, depending on their relationship with the project.
Internal Stakeholders
Typically include the team developing the product or service, and other members of the organization directly involved.
External Stakeholders
Consist of entities outside of the organization, such as customers, suppliers, and regulatory bodies, who have a direct interest in the project.
Secondary Stakeholders
Indirectly affected parties such as the media or the general public, who can influence or be influenced by the project's outcomes.
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