·        Project is usually divided into several project phases

·        The project phases are known as the project life cycle

·        Each project phase is marked by completion of one or more deliverables

·        The conclusion of a project phase is generally marked by a technical review

Project stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be positively or negatively affected as a result of project execution or project completion

The project management team must identify the stakeholders, determine their requirements, and then manage and influence those requirements to ensure a successful project

Stakeholder identification is often especially difficult.

Key stakeholders on every project include:

·        Project manager

·        Customer

·        Performing organization

·        Project team members

·        Sponsor