What is a Stakeholder?
A Stakeholder is anyone who has an interest or investment in a product or project, including customers, team members, investors, and even external parties like suppliers or regulatory bodies. Stakeholders can influence the direction, priorities, and success of a project, making their engagement and communication essential throughout the project lifecycle.
In project management, identifying stakeholders early and understanding their needs and expectations is critical. This ensures that the product or project aligns with the interests of those involved and helps in managing risks and conflicts that may arise during development.