Stakeholders for a project are people or groups of people who impact it or be impacted by it
The ability of Project Manager to correctly identify and engage stakeholders could become the difference between a successful project and a failed project
Process of Stakeholder Management should start early as at the time of project charter creation
Stakeholder Management includes
- Regular Communication with stakeholders
- Issue Tracking and Management
- Managing conflicting interests
- The activities under stakeholder management are iterative and need to be repeated throughout the project