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Yes, sponsors are considered stakeholders because they have a vested interest in the business doing well. Customers, vendors and investors are also stakeholders.

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Q: Are sponsors classified as stakeholders
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Continue Learning about Management

What are some of the duties she would perform as part of the direct and manage project execution process?

-Ensuring the project team understands the needs of the stakeholders -Acquiring equipment, supplis, and materials to construct the ward -Meeting with sponsors of the new ward to inform them of the progress of the project


Why stakeholders are important in the change process?

Stakeholders and change management


What do internal stakeholders benefit from?

Internal stakeholders will benefit from any profit made by the project, dependant upon their share (the amount they have invested). Stakeholders must also share the losses, however.


Who are the main stakeholders in the project?

The main stakeholders in a project are different in every company and in every project. However, there is something common defining main stakeholders: "Main stakeholders are those stakeholders that can cause the project to fail if support if their support is withdrawn." Identifying all the project stakeholders might be a difficult task, but the following are the obvious stakeholders in any project: Project Sponsor Project Manager PMO Project Team Program Manager (If Applicable) Portfolio Manager (If Applicable) Portfolio Review Board Functional Manager Operational Management Sellers Business Partners Customers Among these, the sponsor, the project manager, the project team and the customer would be the main stakeholders of the project.


How does the stakeholder management strategy assist in managing stakeholders?

The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders

Related questions

What differ sponsors from stakeholders?

Sponsors are almost always stakeholders but stakeholders don't have to be sponsors. Stakeholders are people that have an interest(s) in one or another, in your project. Sponsors, on the other hand, has (almost) always a financial responsibility towards the project (among other things). For your convenience, I've included 2 links: the first one about the Project Sponsor, and the 2nd one about Stakeholders in general.


Who are the stakeholders of the worldcup?

two internal and five external stakeholders in the 2010 soccer world cup


What is the role of communication in project?

Project Management is 90% about communication (communicating with the team, stakeholders/sponsors, resolving conflicts, etc...). A project with poor communication usually will end up failing.


Types of stakeholders?

There are two type of stakeholders which are internal stakeholders and external stakeholders. Thank you


What is internal and external stakeholder?

someone outside the business who provide or use the services given eg customers, society, governemnt, unions and suppliers.Entities such as customers, suppliers, lenders, or the wider society which influence and are influenced by an organization but are not its 'internal part' x


Are all internal stakeholders primary stakeholders?

No, government and creditor are the external stakeholders.


What and who are the stake holder of NSPCC?

The key stakeholders will be Direct funding sponsors, government agencies, adviser's from medical and psychological agencies, any sub benefit agencies - those that obtain funding for projects directly associated with children and the children themselves,


What are Travis Pastranas sponsors?

try this website http://www.travispastrana.com/#/en/SPONSORS/Sponsors/Sponsors/


Who are the business stakeholders?

Stakeholders in a business are any entity that is effected by the operations of that business in some way. The most obvious stakeholders are employees, owners, and customers. Other stakeholders are indirect stakeholders such as competitors, the neighborhood the business is in, the government, and the environment.


What are some of the duties she would perform as part of the direct and manage project execution process?

-Ensuring the project team understands the needs of the stakeholders -Acquiring equipment, supplis, and materials to construct the ward -Meeting with sponsors of the new ward to inform them of the progress of the project


Is it correct to use the word sponcers or sponsors?

sponsors


How many sponsors did Hernan Cortes have?

He had 6 sponsors.