Describe the stakeholders and how they will benefit from the project.

Stakeholders are individuals or groups who have an interest in the success of a project. For example, stakeholders may include employees, customers, investors, shareholders, suppliers and creditors. Each stakeholder will likely benefit from the project in different ways; however it is important to consider their interests during the planning stages to ensure that all expectations are met.

For example, employees may benefit from increased job security or better working conditions resulting from the project’s implementation; customers could have improved access to services or products; investors and shareholders may earn higher returns on their investments; suppliers might experience greater demand for goods and services; and creditors may receive prompt payments.

It is also important to factor in external stakeholders such as local communities or environmental organizations who could be impacted by the project either positively or negatively. By considering all stakeholders’ interests at each stage of development and creating a plan with clear goals, everyone involved can work together towards creating successful outcomes.