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5 Cards in this Set

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  • Back

Stakeholder

Is a person or organization that is affected by a project or that influences the project. (I.E. sponsor, vendors or business partners, project manager and team, and customer or end users [EU])

Project Sponsor

Typically a senior executive. Provides financial resources and is the primary risk taker.

Three basic task to balance Stakeholder interest

Communicate purpose and benefits, see project as a win-win, get senior management backing.

Three best practices for Stakeholder expectations

Expected end result, keep informed, and resolve issues in a timely manner.

Project manager responsibilities

Developing project and component plans, providing reports on project metrics, staying on time and budget, ID, monitor, and respond to risks.