Topic

How the Stakeholder and the Sponsor Influence Project Success

Instructions

Write a Report on How the Stakeholder and the Sponsor Influence Project Success.

Answer preview

The primary goal of project management is running a project to completion with success. According to Young (2016), a project becomes successful when it meets the objectives and exceeds stakeholders’ expectations. Meeting the stakeholder expectations requires the necessary inputs, including funding. This makes the sponsor an important factor in project success and completion. But who is the stakeholder and the sponsor, and what is their impact on project management and project success? The purpose of the current document is to examine the role of the sponsor and the stakeholder, and explain how they impact the success of a project.

Word count: 2505