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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.

As an efficient project manager, it is his duty to identify all these stakeholders, because they all have something to gain or lose because of the success/failure of the project. So it is imperative that, they be kept updated with the status and developments in the project in order for a smooth continuation of work.

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14y ago

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