Remember that the stakeholders are those who have something at stake in this project. Stakeholders can be, but don ' t have to be, the end users of the system. Stakeholders can be, but don 't have to be, the project sponsor. Stakeholders can be vendors, marketing experts who can use the project' s outcome to further the goals and ambitions of the company, salespeople who can advance-sell the project ' s outcomes, and so forth.
In the scope document, you must identify the needs and expectations of stakeholders so that their expectations can be managed throughout the project.
Balancing stakeholder expectations can prove to be an ominous project management task. One stakeholder wants you to use the latest and greatest equipment and plenty of it. Another wants you to keep costs to a minimum. Still another requires the Everest of technical excellence with the end result. There' s no pleasing them all—and it' s up to the project manager to try to strike the balance.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.