Anybody, who is affected positively or negatively, by doing a project, or by not doing it is a stakeholder. The typical stakeholders of a project are;
- Project manager
- Program managers
- Portfolio managers
- Team members / Their families
- Government agencies
- Sub contractors
- Other departments
- Citizens who are affected by the project
- Families of the team
- Environmental agencies etc..
Contents of this list can vary as the project progresses. Identifying stakeholders and managing stakeholder’s interest in the project throughout the project is important for the project’s success.
Based on the interest of the stakeholders in the project and their authority levels, stakeholders can be classified into;
High power – High interest category – Those falling into this category must be managed very closely because they are the key decision makers of your project. Definitely the sponsors of the project falls into this category.
High power – Low interest category – They are powerful, and at the same time they do not have lot of interest in your project. The CEO, though very powerful, may not have lot of interest at the individual project level. We must keep them satisfied.
Low power – High interest category – They have lot of interest in the project and at the same time do not have lot of authority individually. Typical end users of the product of the project falls into this category. We must keep them informed.
Low power – Low interest category – Ignore them