| Generic stakeholder classes |
There are ten generic classes of stakeholding
that an entity can have in a project (the word
“project” is understood to be a qualifier in each
case):
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Refer also to the entries for each class of
stakeholder.
The overarching principle that guides approval
of any discretionary stakeholding is that of
avoiding conflict of interest.
Project manager and project owner cannot be
held by a single individual (except in trivially
small projects).
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Individuals or entities can have more than one
stakeholding in a project.
- ICO and preferred vendors are project
beneficiaries.
- The staff of the Procurement/purchasing
department and vendors are project
customers. (They are obviously not
ICO’s customers).
- Henry Crun has made himself the funder.
- Henry has made Dennis the project owner.
- Dennis has appointed Minnie as the project manager.
- ICO is the sponsoring entity.
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