Project stakeholders are the persons, group or organizations that have an interest in the project. Project stakeholders may be categorized by the question: “Is this stakeholder actively engaged, or just affected by the project?” The answer to this question will determine the level of interest and amount of contribution that the stakeholder has in the project. For example, an engaged stakeholder would be the project sponsor - as they have the ultimate authority and financial responsibility over the project. They are also the core stakeholders of the project. They are an essential part of the project as they approve the project, provide funding, provide the authority that empowers the project manager to get the project done, and approve changes along the life of the project. An affected stakeholder would be a resident of the community where the project has implemented.
Project manager is a stakeholder as they initializes, plans, orchestrates, monitors and responds to the changes to balance the project during the course of project life. Though Project manager plays vital role in the implementations of a project, they are accountable to following two groups: i) The Sponsor and ii) other stakeholders.
There are functional managers such as supervisors are considered as engaged stakeholders as they get the “right people on the right project.” Regulatory groups are not considered as engaged stakeholders rather they are affected stakeholders. They issue permits conduct inspections and have any sort of legal regulations that must be addressed by the project manager.
In our Padma Multipurpose Bridge Project, the stakeholders are as following:
Bangladesh Bridge Authority (BBA)
The Government of Bangladesh
People of Bangladesh
Sponsors:
World Bank (WB)
Asian Development Bank (ADB)
Japan International Cooperation Agency (JICA)
Islamic Development Bank (IDB)
Problem:
Problem may arise in the execution of a