A simple way to document basic information on project stakeholders is by creating a(n) stakeholder register.
A stakeholder, as defined in the term first used in a 1963 Stanford Research Institute memorandum, is a member of "the group without whose assistance the organization would cease to exist." This theory was developed and endorsed by R. Edward Freeman in the 1980s.
Stakeholders are individuals, groups or organizations directly involved in or indirectly affected by a project, product, service or business. As such, stakeholders also influence why and how companies do business.
A stakeholder is a party involved in a business that affects or is affected by the business.
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