Stakeholders in Project Management | Key Concepts and Characteristics

Understanding Stakeholders in Project Management

Question

Which of the following statements about stakeholders are true? 1

Someone who thinks they will be affected by a project is a stakeholder on that project.

2

Stakeholders may be internal or external to the corporate organization.

Answers

Explanations

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A. B. C. D.

C.

The correct answer is option C, both statements 1 and 2 are true.

Explanation:

  1. Someone who thinks they will be affected by a project is a stakeholder on that project: A stakeholder is any individual, group, or organization that can affect or be affected by a project, program, or portfolio. The statement is correct because it defines a stakeholder as someone who thinks they will be affected by a project. This means that anyone who perceives that they will be influenced by the project in any way, whether positively or negatively, is considered a stakeholder.

  2. Stakeholders may be internal or external to the corporate organization: Stakeholders may be individuals, groups, or organizations that have a direct or indirect interest in the project, program, or portfolio. They can be internal, such as employees, managers, shareholders, or external, such as customers, suppliers, regulatory bodies, and the general public. Therefore, the statement is also correct.

In summary, stakeholders are any individual, group, or organization that can affect or be affected by a project. They can be internal or external to the corporate organization, depending on their interest in the project. Therefore, the correct answer is option C, both statements 1 and 2 are true.