Project Stakeholder

Project Stakeholder

Project Stakeholder Jonathan Poland

A stakeholder is anyone or any group that is impacted by a project. This includes individuals or teams who are accountable for or responsible for certain aspects of the project, as well as stakeholders who are simply consulted or kept informed about the project. The following are a few common types of stakeholders:

Project Sponsor

The persons accountable and responsible for representing the sponsoring business.

Customer or Client

Representatives from the sponsoring business who have a stake or role in the project such as providing requirements.

Program Management

A project may fall under a program or impact programs.

Project Management

Managers of the project or projects that are related or impacted.

Business Analysts

Business analysts deliver artifacts such as the project’s business case or requirements.

Project Team

Generally defined as anyone who contributes work to the project.

Project Management Office

An organization’s Project Management Office may have interest in project in order to monitor a project portfolio or maintain project management standards.

Project Management Board

Project governance bodies such as a Project Management Board.

Executive Team

Generally a project wants to garner as much executive attention as possible in order to create visibility that helps to clear issues and recognize project successes.

Functional Managers

Managers who are impacted by business change driven by a project or who have resources committed to the project.

Architects & Designers

Members of the project team who are responsible for delivering aspects of the project’s architecture and design.

Internal Stakeholders

A term for stakeholders who work for the client organization.

External Stakeholders

External stakeholders include anyone involved in a project who doesn’t work for the client organization such as contractors, vendors, partners and suppliers.

End Customers

The customers of the project’s sponsoring business unit.

Local Communities

In many cases, members of the local community have stake in a project. For example, the neighbors of a large construction site may be impacted and compensated for disruption to their use or enjoyment of their property. In such cases, they may be informed of project schedule updates.

Regulators

Some projects attract the interest of government agencies who become stakeholders. In many cases, government approvals are a project dependency.

Risk-Reward Ratio Jonathan Poland

Risk-Reward Ratio

The risk-reward ratio is a measure that compares the potential for losses to the potential for gains for a particular…

Income Statement Jonathan Poland

Income Statement

An income statement is a financial statement that shows a company’s revenues, expenses, and profits over a specific period of…

Right to Repair Jonathan Poland

Right to Repair

The right to repair is the idea that consumers should have the right to repair their own electronic devices and…

What is a Cash Cow? Jonathan Poland

What is a Cash Cow?

A cash cow is a business or product that generates a steady stream of income or profits for a company.…

The World’s Biggest Customer 150 150 Jonathan Poland

The World’s Biggest Customer

the U.S. government is the world’s biggest customer, spending over $6 trillion annually on goods and services. Here are some…

Willingness to Pay Jonathan Poland

Willingness to Pay

Willingness to pay (WTP) is a measure of how much a customer is willing to pay for a product or…

Proof of Concept Jonathan Poland

Proof of Concept

A proof of concept (POC) is a demonstration that a certain idea or solution is feasible and likely to be…

Pre-Sales Jonathan Poland

Pre-Sales

The term “pre-sales” can refer to a range of different things depending on the industry in which it is used.…

What is a Persona? Jonathan Poland

What is a Persona?

Personas are fictional characters that businesses use to represent and model the characteristics, goals, needs, behaviors, and emotions of their…

Learn More

Added Value Jonathan Poland

Added Value

The total combined industries of consumer goods and services.

Innovation Principles Jonathan Poland

Innovation Principles

Innovation principles are guidelines that an organization adopts as a basis for innovation activities. They are typically considered foundational policy…

Crypto Jonathan Poland

Crypto

There are these new things in the world called crypto-currencies. You’ve definitely heard about them by now. The most famous…

Marketing Media Jonathan Poland

Marketing Media

Marketing media refers to the channels or platforms that businesses use to deliver their marketing messages to their target audiences.…

User Story Jonathan Poland

User Story

A user story is a concise description of a specific expectation or need that a user has for a product,…

Industrial Design Jonathan Poland

Industrial Design

Industrial design involves creating designs for mass-produced products. A common principle in industrial design is that the design should be…

Premium Pricing Jonathan Poland

Premium Pricing

Premium pricing is a pricing strategy in which a company charges a high price for its products or services in…

SLED Contracts 150 150 Jonathan Poland

SLED Contracts

A SLED contract refers to a contract awarded by State, Local, and Education (SLED) government entities. These contracts involve the…

Operational Efficiency Jonathan Poland

Operational Efficiency

Operational efficiency can be defined as the ratio between the inputs to run a business and the output gained from the business. It is primarily a metric that measures the efficiency of profit earned as a function of operating costs.