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Stakeholder engagement is the process by which an organization involves people who may be affected by the decisions it makes or can influence the implementation of its decisions. They may support or oppose the decisions, be influential in the organization or within the community in which it operates, hold relevant official positions or be ...
Stakeholder management is a process and control that must be planned and guided by underlying principles. Stakeholder management within businesses, organizations, or projects prepares a strategy using information (or intelligence) gathered during the following common processes. Stakeholder engagement emphasizes that corporations should take ...
Project stakeholders are persons or entities who have an interest in a specific project. According to the Project Management Institute (PMI), the term project stakeholder refers to "an individual, group, or organization , who may affect, be affected by, or perceive itself to be affected by a decision , activity , or outcome of a project ...
Stakeholder analysis in conflict resolution, business administration, environmental health sciences decision making, [1] industrial ecology, public administration, and project management is the process of assessing a system and potential changes to it as they relate to relevant and interested parties known as stakeholders.
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In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", [1] as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s.
A stakeholder register is a document that describes who (individual or group) is affected by a project, and their effect and impact on the project. A stakeholder register is ideally completed early in the project to ensure proper engagement of stakeholders. [1] [2] Sources for the register include: Project sponsor; Senior leadership; Project ...