Understanding Stakeholders

What is a stakeholder?

• A stakeholder is someone who only provides funding.

• A stakeholder is any individual or group with an interest in a project or organization.

• A stakeholder is a person who manages a project.

• A stakeholder is an employee of the organization.

Who can be a stakeholder in a project?

• Marketing analysts

• Project sponsors, team members, customers, suppliers, regulatory bodies.

• External auditors

• Project managers only

Why is it important to identify stakeholders?

• To avoid any communication with the project team.

• To reduce the number of team members involved in the project.

• It is important to identify stakeholders to understand their needs and ensure effective project management.

• To limit the project's budget and resources.

What is the first step in identifying stakeholders?

• Define the project scope and objectives.

• Create a budget plan.

• Identify the project team members.

• Conduct a risk assessment.

Can customers be considered stakeholders?

• Only employees can be considered stakeholders.

• Yes, customers can be considered stakeholders.

• No, customers are not stakeholders.

• Stakeholders are only investors and shareholders.

How do you know if someone is a stakeholder?

• A stakeholder is someone who only provides funding for a project.

• A stakeholder is anyone who works on the project directly.

• A stakeholder is a person who has no interest in the project's outcome.

• A stakeholder is anyone who has an interest in or is affected by a project.

What role do stakeholders play in a project?

• Stakeholders are responsible for executing the project tasks directly.

• Stakeholders have no influence on the project's outcome.

• Stakeholders play a crucial role in providing input, resources, and support, and their needs must be managed for project success.

• Stakeholders only provide financial support without any input.

What is the difference between primary and secondary stakeholders?

• Primary stakeholders have a direct interest and impact, while secondary stakeholders have an indirect interest and impact.

• Primary stakeholders are only concerned with financial outcomes, while secondary stakeholders focus on social outcomes.

• Primary stakeholders are always individuals, while secondary stakeholders are always organizations.

• Primary stakeholders have no impact on the project, while secondary stakeholders have a direct impact.

How can you gather information about stakeholders?

• Read social media posts

• Conduct interviews, surveys, focus groups, analyze documentation, and observe directly.

• Attend unrelated meetings

• Guess based on assumptions

Why should you communicate with stakeholders regularly?

• To keep stakeholders informed, aligned, and engaged throughout the project.

• To ensure stakeholders have no input in the project.

• To reduce the number of meetings with the team.

• To avoid overwhelming stakeholders with information.