Strategy
Stakeholder
Plain English
Anyone who has an interest in the outcome.
Definition
A stakeholder is any individual or group with an interest in a product, project, or outcome, including internal teams and external parties.
In practice
Stakeholders influence decisions, priorities, and requirements throughout a project.
The reality
Stakeholders often have conflicting goals, which creates tension in glossaryPrioritisationPrioritisation is the process of ranking tasks, features, or initiatives based on their importance, impact, and effort.Open glossary term.
FAQ
Common questions
A few practical answers to the questions that usually come up around this term.
What is a stakeholder?
A stakeholder is anyone with an interest in a project or product.
Who are examples of stakeholders?
Customers, teams, executives, and partners.
Why are stakeholders important?
They influence decisions and outcomes.
What challenges do stakeholders create?
Conflicting priorities and expectations.
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