What type of stakeholder involvement ensures compliance with external standards?

The involvement of regulators is crucial for ensuring compliance with external standards. Regulators are typically governmental or independent bodies that establish and enforce rules that organizations must follow. Their main role is to oversee adherence to laws, regulations, and standards that impact various industries. Involving regulators in the planning and execution of projects helps ensure that all required policies, safety standards, and legal requirements are met.

Regulators provide guidance and requirements that must be integrated into the project planning process. This can include oversight on health and safety regulations, environmental laws, financial compliance, and other industry-specific standards. By engaging with regulators, organizations can identify any potential compliance issues early in the process, which is essential for mitigating risks and avoiding penalties that can arise from non-compliance.

While internal stakeholders, project managers, and product owners each play their roles in successfully delivering a project, they primarily focus on internal processes, project execution, and management of product development, rather than ensuring adherence to external standards and regulations which is the primary responsibility of regulators.