Date Added: Oct 2008
What is the best method to explain a project's objectives? It is a method called stakeholder analysis which defines the interest of the stakeholders and influences additional investors in supporting a project. A stakeholder is an individual or group seeking to gain financially or intrinsically from the positive outcome of a project. Stakeholders include managers in sales, marketing, and the informational technology departments. Stakeholders also include upper management as well as the customers. When a stakeholder analysis is conducted it becomes a unique tool which helps explain project objectives.