4. Stake
The degree to which you are involved in something and want it to succeed have a
stake in (doing) something: He has a huge stake in making the peace process work.
Stakeholder
A person, group or organization who has direct or indirect stake in outcome of the project or
proposed solution
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5. The project has to meet the needs of its stake holders in order to
succeed
Early Identification of Stakeholders and their representatives is
necessary
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6. “Stakeholders are your partners who control the purse strings
and certify successful project completion”
Vijay S Shukla, Director QBI Institute
“ For project success good relationship and rapport with your
stake holders is necessary but not a sufficient condition”
Vijay S Shukla, Director QBI Institute
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18. – Identify them Early, Engage Continuously
– Get Introduced, Meet & Communicate Frequently
– Build Rapport, Make your life easy
– Understand & deliver their key requirements
– Lead your project to success
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