Who is referred to as a stakeholder in project management?

In project management, a stakeholder is defined as any group or individual that has a vested interest in the outcome of a project, change initiative, or solution. This encompasses a wide range of people and organizations that might be affected by or have influence over the project.

The correct answer highlights that stakeholders can be both internal and external to the project team. They might include customers, users, team members, managers, external suppliers, and any other parties who have a relationship with the project or its goals. This comprehensive view of stakeholders is vital for effective project management, as understanding their needs and expectations significantly contributes to the project's success.

Identifying and engaging stakeholders early in the project helps ensure that their interests are considered and addressed, fostering collaboration and support throughout the project life cycle. This understanding underscores the importance of stakeholder management as a key aspect of project planning and execution.