Stakeholder Anyone who has a vested interest in the project . Those product s, functionality , benefits , etc. resulting from the project that stakeholders look forward to with some degree of certainty , rightly or wrongly. Discrepancies between stakeholder needs , specified requirements , expectations and actual results can be a significant source of dissatisfaction with final project results . Hence the importance of good stakeholder communication throughout the project. The measure of satisfaction with project results on the part of stakeholders is a measure of project success .
Satisfaction is subjective, tends to vary with time and hence is difficult to measure effectively.
For example, user s of new software and faced with a new learning curve tend to be apprehensive with a consequent low level of satisfaction. After some time , the software is either abandoned, the ultimate in dissatisfaction, or is used extensively with varying degrees of praise. Stakeholders Individual s and organization s who are involved in or may be affect ed by project activities. Stakeholders The people who have a vested interest in the outcome of the project . A system which performs its function requiring little or no assistance from interfacing system s.