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How will you identify stakeholders and why do you need to know more about them?

How will you identify stakeholders and why do you need to know more about them?

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How will you identify stakeholders and why do you need to know more about them?

Answer

The process of identifying the key stakeholders begins when a project starts.

To recognize the decision-makers, you ask the following questions:

  • Who will furnish funds for the project?
  • Who will supply resources for the seamless execution of the project?
  • Who are the end customers for the outcome of the project?
  • Who will offer other types of support?
  • Who will be giving guidelines/regulations that need to be followed while working on the project?
  • Who will provide specifications for the project?

Knowing about stakeholders and engaging them throughout the project lifecycle is crucial for project success. The reason being that the project is being undertaken to fulfill its objectives and expectations.

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