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A Stakeholder is anyone who has an interest in the project or will be affected by the organization's actions, objectives and policies. |
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There are two types of Stakeholders, internal and external. |
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Internal stakeholders include project manager, other employee and administrators. |
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External stakeholders include suppliers, investors, clients, customers, community groups and government organizations. |
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In order to manage and execute projects successfully, it is crucial to identify different stakeholders and try to meet the expectations of all stakeholders. Stakeholders also play a great role in the initiation and planning of the project. |