Project Stake Holder Management

Projects will be successful when the stakeholders' expectations are managed properly.

For this, stakeholders identification is the primary task, as all the important decisions during the initiation, planning and execution stages of the project are made by these stakeholders.

Typical Stakeholders can be: The Customer, The Sponsor, Project Manager, Project Team, Functional Management etc.

The best way to identify stakeholder is to think of all the people who are affected by your work or who have influence or power over it or whose support you need to execute the project successfully.

In a larger sense, anyone who participates in the project or is impacted by its results is a stakeholder. Each stakeholder has an essential contribution to make and all stakeholder expectations need to be met.

Stakeholder Management is an important discipline by itself that successful people use to win support from others. It helps them ensure that their projects succeed.