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Project Management Stakeholder

oboloo Glossary

Project Management Stakeholder

Project Management Stakeholders are those individuals and groups who have a vested interest in the outcome of a project. They may include current or potential customers, investors, suppliers, partners, regulatory bodies, other third parties, and the general public. Businesses need to recognize and manage these stakeholders to ensure projects are successful, profitable, and sustainable. Project Managers can achieve this by involving stakeholders early in the project’s development, establishing clear expectations based on each group’s needs, and seeking continuous feedback throughout the process. With effective stakeholder management, businesses can ensure every project meets its goals and makes a positive impact on the organization and its environment.

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