(If you’re playing on Hard Mode, they might even have completely conflicting interests that you need to balance - fun!) Your stakeholders are a varied group, with varied interests. But what does that actually look like in practice?
So according to the project stakeholder definition above, a stakeholder is anyone with an interest or investment in your project. Okay but really: what is a stakeholder in project management?
In other words, your project’s stakeholders are the people or groups who have something to gain (or lose) from your project’s outcome. “Individuals and organizations who are actively involved in the project, or whose interests may be positively or negatively affected as a result of project execution or successful project completion.” But what does that mean, exactly? How do your stakeholders affect your project? And what can you do to keep them happy? What is the definition of a project stakeholder?Īccording to the Project Management Institute, project stakeholders are defined as: These people are your project’s stakeholders. Throughout this guide, we’ve been talking a lot about the various people involved in taking a project from idea to execution: your team, other departments within the organization, leadership, clients, and more. Even though you’re in charge of managing it, in order for the project to be successful you still need to rely on, work with, and report back to other people.
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