answersLogoWhite

0

A Key Stakeholder is someone who has a very significant bearing/impact in the success or failure of a project.

For ex: If your company is creating a website for me, I am a key stakeholder. Because, if you guys fail, I am the one who is going to be most affected.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Management

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


How do you design stakeholder management strategies?

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


What is Stakeholder Management Strategy?

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


What are the key steps involved in project management requirements gathering?

The key steps in project management requirements gathering include identifying stakeholders, defining project scope, gathering and documenting requirements, prioritizing requirements, and obtaining stakeholder approval.


What are the key purposes of the manage stakeholder engagement process?

to communicate and work with stakeholders to meet their needs and expectations to identify and address potential issues to foster appropriate stakeholder engagement in project decisions and activities

Related Questions

What is the key output of the Stakeholder Requirements Definition Process is?

The key output of the Stakeholder Requirements Definition Process is a comprehensive Stakeholder Requirements Document. This document captures the needs, expectations, and constraints of stakeholders, ensuring that their perspectives are integrated into the project scope. It serves as a foundation for further project planning and development, facilitating alignment between stakeholders and project objectives. Additionally, it aids in managing stakeholder engagement and expectations throughout the project lifecycle.


Vendor is not a key project stakeholder?

A Vendor is a Key Project Stakeholder. Let us say I am constructing an apartment and have chosen a Vendor to supply the toilet sinks for my building, if my vendor messes up the delivery, my apartment will not be completed on time. Sure, I can identify another vendor and buy the stuff I want, but a lot of time will be lost in the meantime. Hence, even vendors are key project stakeholders


What is project stakeholder management?

A stakeholder - is a person who has invested money in something.


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 Stakeholder Management Strategy?

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


How do you design stakeholder management strategies?

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


What are the key steps involved in project management requirements gathering?

The key steps in project management requirements gathering include identifying stakeholders, defining project scope, gathering and documenting requirements, prioritizing requirements, and obtaining stakeholder approval.


What are the key purposes of the manage stakeholder engagement process?

to communicate and work with stakeholders to meet their needs and expectations to identify and address potential issues to foster appropriate stakeholder engagement in project decisions and activities


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.


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


Who are the stakeholder of the project management in Nepal?

Stakeholder are people who have an interest in company or organization's affairs.


Who works with the Black Belts to use the ARMI tool and create the Stakeholder Analysis of the project.?

The project team members, including subject matter experts and project managers, work alongside the Black Belts to utilize the ARMI tool for creating the Stakeholder Analysis. This collaborative effort ensures a comprehensive understanding of stakeholder interests, influences, and impact on the project. Additionally, input from key stakeholders themselves may be sought to validate and enhance the analysis.