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Questions and Answers
Understanding stakeholder needs and expectations is ______ for project success.
Understanding stakeholder needs and expectations is ______ for project success.
crucial
What is the definition of a stakeholder?
What is the definition of a stakeholder?
- Individuals and organizations with no interest in the project
- Individuals and organizations who have no influence on the project's outcome
- Individuals and organizations actively involved in the project or whose interests may be affected by its execution or completion (correct)
- Individuals and organizations who are only affected by the project's outcome
A formal definition of a stakeholder is individuals and organizations actively involved in the project or whose interests may be ______ by its execution or completion.
A formal definition of a stakeholder is individuals and organizations actively involved in the project or whose interests may be ______ by its execution or completion.
affected
Who are examples of stakeholders in a project?
Who are examples of stakeholders in a project?
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[Blank] management is an important aspect of project management.
[Blank] management is an important aspect of project management.
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Why is understanding stakeholder needs and expectations crucial for project success?
Why is understanding stakeholder needs and expectations crucial for project success?
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Study Notes
- Understanding project requirements involves aligning them with communicated and noncommunicated derived requirements of all interested parties.
- Stakeholders include individuals, groups, or organizations with an interest in the project and can affect its outcome.
- A formal definition of a stakeholder is individuals and organizations actively involved in the project or whose interests may be affected by its execution or completion.
- Stakeholders include the project manager, customer, team members, and project sponsor.
- Other stakeholders can make a claim on attention or resources and may have conflicting views and objectives.
- Stakeholders can be winners or losers as a result of the project or participate as intermediaries.
- The list of stakeholders can become quite large when including those with a claim on attention or resources.
- Understanding stakeholder needs and expectations is crucial for project success.
- Stakeholders can mobilize resources to affect the project's outcome.
- Stakeholder management is an important aspect of project management.
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