What role do stakeholders generally play in a project?

Stakeholders are crucial to the success of a project as they encompass anyone who is impacted by or has an interest in the project's outcome. Their involvement can influence the project's direction, decisions, and ultimate success. Stakeholders may include team members, clients, end-users, investors, and anyone else who has a vested interest in the project. Their needs, concerns, and feedback can significantly shape project goals and deliverables, making collaboration with them essential throughout the project lifecycle.

Understanding the perspectives and requirements of stakeholders allows project managers to align the project objectives with the expectations of those who will be affected. This engagement can lead to a smoother execution of the project, resolution of conflicts, and ultimately successful delivery of the project’s objectives.