Understanding Stakeholders: Key Players in Business Success | Stakeholder Management Plan
A stakeholder is an individual, group, or organization whose interests are affected by the success of a business venture or project. As the name suggests, stakeholders are interested in a project’s success. They might be internal or external to the entity funding the initiative.
Stakeholder relationships may positively or negatively impact the project’s life cycle. Therefore, you’ll need to identify your key stakeholders and develop a stakeholder management plan to fulfill the requirements.
Stakeholder
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