PMP - Project StakeHolders - Page-11

👥 Project Stakeholders (PMP)

Individuals & Groups Who Influence or Are Affected by Projects

What are Project Stakeholders?

In PMP terminology, Project Stakeholders are: Individuals, groups, or organizations that may affect, be affected by, or perceive themselves to be affected by a project, decision, or outcome.

Stakeholders include anyone who has an interest in the project or its results.

They can be:
• Inside the organization
• Outside the organization

🔑 Examples of Stakeholders

Internal Stakeholders

Project manager
Project team members
Sponsor
PMO
Functional managers
Employees
External Stakeholders

Customers / users
Suppliers / vendors
Government agencies
Investors
Community or public (in some projects)

🧠 Example

Project: Building a mobile banking app

Stakeholders include:

  • Bank customers (users)
  • Project sponsor (bank leadership)
  • Developers and testers
  • IT department
  • Security team
  • Regulatory authority (e.g., RBI compliance in India)
  • App store platforms (Google Play / Apple App Store)

🔄 Why Stakeholders Matter

Stakeholders:
  • Influence project success or failure
  • Provide requirements and feedback
  • Approve deliverables
  • Can support or resist the project
👉 Managing them well is critical in PMP.

📊 Stakeholder Management in PMP

PMP includes a specific process:

• Identify stakeholders
• Analyze their needs and influence
• Plan engagement strategies
• Manage expectations
• Monitor stakeholder involvement

Stakeholder Engagement Flow

Identify
➜
Analyze
➜
Engage
➜
Monitor

🎯 PMP Exam Tip

If a question mentions:
  • Influence
  • Expectations
  • Communication needs
  • Support or resistance
👉 It is referring to stakeholders
Project stakeholders are all individuals or groups who have an interest in the project or are affected by its outcome.

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