This document discusses stakeholder management for software projects. It defines stakeholders as individuals or organizations impacted by or impacting the project. Stakeholder analysis involves grouping stakeholders by their influence, interest, support, and commitment to identify their perspectives. It is important to incorporate stakeholder feedback, as projects are vehicles for change. Stakeholder commitment grows over time from unawareness to buy-in as their understanding increases. Project managers must manage both requirements and expectations, which may differ between stakeholders. They should actively monitor expectations and work to shape them through communication. Failing to adequately consider stakeholders and their expectations is a common source of project failure.