Stakeholders: The Backbone of Successful Projects

 what is a Stakeholders?

A stakeholder is person or group that has some interest in a project. In project management it includes everyone from end-users and clients to investors to the regulatory body. It is very important to understand and manage stakeholder expectations in order for the project to succeed.

Stakeholders have insights which could help establish the kind of system or app needed and in what constraints. Their feedback helps shape requirements and ensures the final product meets user expectations while aligning with business goals. If the stakeholders cannot clearly understand the purpose of the project, it is bound to fail due to lack of planning and supervision.

Types of Stakeholders

  • Internal Stakeholders: These include project team members, developers, or other employees involved in the project.
  • External Stakeholders: External parties, such as customers, suppliers, government agencies, and investors, who are affected by or have an interest in the project.

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