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A Vendor is a Key Project Stakeholder. Let us say I am constructing an apartment and have chosen a Vendor to supply the toilet sinks for my building, if my vendor messes up the delivery, my apartment will not be completed on time.
Sure, I can identify another vendor and buy the stuff I want, but a lot of time will be lost in the meantime. Hence, even vendors are key project stakeholders
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What is a principal stakeholder?
The person in the organization who will be most directly and immediately affected by the outcomes of the project.
What is a non-market stakeholder?
A stakeholder that does not engage in direct economic exchange with a company, but is affected by or can affect its actions. (Also called a secondary stakeholder.) An example are NGO's.
What is a Sub vendor?
sub-vendor
What is the possessive noun for vendor?
The possessive form of the noun vendor is vendor's.Example: His cart prominently displayed a vendor's license.
Definition internal stakeholder?
Internal Stakeholders are anyone within the business such as workers, owners, shareholders etc Internal stakeholders are operating in the businesses immediate department for example a manager is an internal stakeholder as it has a direct use within the business.
Who is a key project stakeholder?
A Key Stakeholder is someone who has a very significant bearing/impact in the success or failure of a project. For ex: If your company is creating a website for me, I am a key stakeholder. Because, if you guys fail, I am the one who is going to be most affected.
What is a primary stakeholder?
The Project Manager is usually the primary stakeholder in a project. Other important stakeholders are the customer (for whom the project is being executed) and the project sponsor
What is project stakeholder management?
A stakeholder - is a person who has invested money in something.
How do you design stakeholder management strategies?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
What is Stakeholder Management Strategy?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
What are the key purposes of the manage stakeholder engagement process?
to communicate and work with stakeholders to meet their needs and expectations to identify and address potential issues to foster appropriate stakeholder engagement in project decisions and activities
How does the stakeholder management strategy assist in managing stakeholders?
The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people. The strategy should include the following elements: • Key stakeholders • For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project • How to manage individual stakeholders • How to manage groups of stakeholders
What is the meaning of the term stakeholder?
A stakeholder (in Project Management terms) is anyone who's affected and who can affect, in one way or another, the project.
Who are the stakeholder of the project management in Nepal?
Stakeholder are people who have an interest in company or organization's affairs.
Can an external stakeholder be considered a primary stakeholder?
It depends on the situation but in most cases, the answer is Yes. For ex: if your company is executing a project to create a website for my company, I am a stakeholder of the project but i am external to your company. I dont work in your company, but the success or failure of your project has a direct impact on me. Hence I am a primary stakeholder even though I am external.
Can an internal stakeholder be considered a primary stakeholder?
It depends on the project. Sometimes internal stakeholders are much more important than external stakeholders, sometimes external stakeholders don't even exist in the project (it's mainly an internal project). So I think the answer is Yes, an internal stakeholder can be considered a primary stakeholder.
Which documents are outputs of the initiating process group?
- Project Charter - Stakeholder management strategy - Stakeholder register
