![]() ![]() ![]() The customer, subcontractors, suppliers, and sometimes even the government are stakeholders. The project sponsor, generally an executive in the organization with the authority to assign resources and enforce decisions regarding the project, is a stakeholder. Even if all the deliverables are met and the objectives are satisfied, if your key stakeholders aren’t happy, nobody’s happy. ![]() NOTE: Key stakeholders can make or break the success of a project. However, you negatively affect residents who live near the highway during your project (with construction noise) and after your project with far-reaching implications (increased traffic noise and pollution). When you manage a project to add lanes to a highway, motorists are stakeholders who are positively affected. They are the people who are actively involved with the work of the project or have something to either gain or lose as a result of the project. But who are the stakeholders? Stakeholders are individuals who either care about or have a vested interest in your project. Adrienne Watt Merrie Barron Andrew Barron Erin Palmer and Jose SoleraĬlick play on the following audio player to listen along as you read this section.Ī project is successful when it achieves its objectives and meets or exceeds the expectations of the stakeholders. ![]()
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