What is a stakeholder in project management?

In project management, a stakeholder refers to individuals or groups that have a vested interest in the project's outcomes. This encompasses a wide range of participants, including sponsors, team members, clients, end-users, and even external entities such as regulatory bodies or community groups. Stakeholders can influence the project positively or negatively, and their input can be crucial for the project's success.

The identification and engagement of stakeholders are essential as they provide valuable insights, requirements, and resources that contribute to project planning and execution. Effective stakeholder management helps ensure that their expectations are met and that any potential conflicts are addressed early, ultimately leading to a more successful project outcome.

While other options focus on specific groups, the correct understanding of stakeholders encompasses anyone with an interest in the project, highlighting the importance of a broader perspective in stakeholder management.