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Project stakeholders are individuals and organizations whose interests are affected (positively or negatively) by the project execution and completion. In other words, a project stakeholder has something to gain from the project or lose to the project. Accordingly, the stakeholders fall into two categories-positive stakeholders, who will normally benefit from the success of the project, and negative stakeholders, who see some form of disadvantage coming from the project. The implications obviously are that the positive stakeholders would like to see the project succeed and the negative stakeholder's would be happy if the project was delayed or even better cancelled.
For ex: let us say, your state government wants to build a Government Hospital in your city. It is a good thing right? You, the citizens of your city and the chief minister are all positive stakeholders of this project. Lets say there is a private Hospital in the city that is having a thriving business currently. They would be negative stakeholders because, if the government hospital comes up, their business will be affected and hence they would be happy if the government scraps its project.
Negative stakeholders are often overlooked by the project manager and the project team, which increases the project risk. Ignoring positive or negative project stakeholders will have a damaging impact on the project. Therefore, it's important that you, as the project manager, start identifying the project stakeholders early on in the project. The different project stakeholders can have different and conflicting expectations, which you need to analyze and manage.
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Why are stakeholders important in Project planning and management?
Because each Stakeholder of a project has a certain level of importance and influence on the project execution and hence they are all important for planning and managing a project
What is a primary stakeholder?
The Project Manager is usually the primary stakeholder in a project. Other important stakeholders are the customer (for whom the project is being executed) and the project sponsor
What is stakeholders In project management?
A stakeholder - is a person who has invested money in something.
What is the difference between project stakeholder management and project human resource management explain?
Human Resources Management applies to the entire organisation, and includes many roles not found in Project Management, such as recruitment, termination, training and development, etc.Project Stakeholder Management is the HR side of Project Management. It's on a much smaller scale (the size of the particular project).Source(s):Diploma of Business Diploma of Human Resources Management
Who is the most important project stakeholder and what is the top project success factor?
The most important project stakeholder is not a constant and depends on the project. One might say it's the client, but it's not always the case. Project Success Factors are: On time, within budget and scope.
What is project stakeholder management?
A stakeholder - is a person who has invested money in something.
Why are stakeholders important in Project planning and management?
Because each Stakeholder of a project has a certain level of importance and influence on the project execution and hence they are all important for planning and managing a project
Who are the stakeholder of the project management in Nepal?
Stakeholder are people who have an interest in company or organization's affairs.
What is the total number of PMP?
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
What is the meaning of the term stakeholder?
A stakeholder (in Project Management terms) is anyone who's affected and who can affect, in one way or another, the project.
Which documents are outputs of the initiating process group?
- Project Charter - Stakeholder management strategy - Stakeholder register
What is a primary stakeholder?
The Project Manager is usually the primary stakeholder in a project. Other important stakeholders are the customer (for whom the project is being executed) and the project sponsor
What is stakeholders In project management?
A stakeholder - is a person who has invested money in something.
What is the difference between project stakeholder management and project human resource management explain?
Human Resources Management applies to the entire organisation, and includes many roles not found in Project Management, such as recruitment, termination, training and development, etc.Project Stakeholder Management is the HR side of Project Management. It's on a much smaller scale (the size of the particular project).Source(s):Diploma of Business Diploma of Human Resources Management
Who is the most important project stakeholder and what is the top project success factor?
The most important project stakeholder is not a constant and depends on the project. One might say it's the client, but it's not always the case. Project Success Factors are: On time, within budget and scope.
Meant by the terms primary secondary and tertiary stakeholder?
The terms Primary, Secondary and Tertiary with respect to Project Stakeholders refers to the 3 most important stakeholders in a project in their order of importance. Usually the Project Manager, Project Customer and the Project Management Office are the 3 most important stakeholders in a project in order.
The relationship between project management and general management?
General Management is considered to be a high level stakeholder when it comes to Project Management. Project Managers might report directly to General Management, or to executive managers/program managers who then report back to General Management.
