Definition

Key stakeholders are individuals or groups who have a vested interest in the success of a project. They are typically those who will be affected by the outcome of the project, either positively or negatively. Key stakeholders can include customers, suppliers, employees, shareholders, and other interested parties.

Role of Key Stakeholders

The role of key stakeholders is to provide input into the project and ensure that their interests are taken into account. They should be consulted throughout the project lifecycle to ensure that their needs are met and that any potential risks or issues are addressed. This helps to ensure that the project is successful and meets its objectives.

Importance of Key Stakeholders

Key stakeholders play an important role in the success of a project. Their input can help to identify potential risks and opportunities, as well as providing valuable feedback on progress. It is important to involve key stakeholders early in the process to ensure that their needs are taken into account and that any potential issues are addressed.