Who are stakeholders in a project?

Stakeholders in a project are defined as individuals or groups that are affected by a decision, outcome, or the overall project itself. This includes not only those who are directly involved in executing the project but also those who may be indirectly impacted by it. For instance, stakeholders can encompass project team members, clients, investors, community members, and regulatory bodies. Their interests and influence can significantly affect the project’s success, as their needs and expectations must be considered throughout the project’s lifecycle.

The emphasis on recognizing a broad range of stakeholders highlights the importance of understanding the diverse perspectives and potential impacts a project may have on various parties. This ensures comprehensive planning and engagement strategies that can lead to better outcomes and enhanced relationships among all involved.