Answered Essay: Describe briefly the five (5] key stakeholders in most projects. [5 Marks] *

Describe briefly the five (5] key stakeholders in most projects. [5 Marks] *

Expert Answer


Stakeholders can be an individual, group or a society at large having a vital interest in the business activities. They can affect the business and be affected by the business.

Stakeholders in any given project could be-


The owners of the company, the chairperson, CEO, Board of directors and other key managerial personnel constitutes the management of any company. These people are responsible for different actions made on behalf of the company.

The Project Team

The team constituted to carry on the project would also be majorly held responsible for the success or failure of the project.


Relationship with the peers might be affected. The control might be lost and personality conflicts would arise.


They are the major stakeholders as a failure of the project might affect their loyalty towards the brand thereby dreadfully affecting the brand image. The company will have to work harder to restore the lost image.


People who have trusted the company with their money could also be affected with the failure of the project.


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