Projects require people as it is people who conceive the project idea. This is not only limited to the design of the project plan, its approval, execution and closure. People are influenced by the outcome of the project. Whether the project is implementing a new software system, a new business unit, or a new bridge, there will be an impact on people. All these people are stakeholders (Roeder, 2013). Freeman, Harrison and Wicks (2007) state that business can be understood as a set of relationships between groups that have an interest in the activities that make up the company. Business is about how customers, suppliers, employees, financiers (stakeholders, bondholders, banks, etc.), communities and managers interact and create value. Customers, suppliers, employees, financiers, communities and managers are all critical parts of today's business organization. The project management team must identify stakeholders, determine their requirements, and then manage and identify those requirements to ensure a successful project. Identifying stakeholders is often difficult. The key stakeholders of every project include: Project manager: This is the individual responsible for managing the project. Customers are the individuals or organization who will use the project's product. There may be multiple levels of customers. Project team members are the group that performs the project work and sponsors the individual or group within or outside the performance organization that provided the financial resources, in cash or in-kind, for the project (Project Management Institute, 2000)Walker, Bourne & Shelley (2008) instead classify stakeholders into four groups: upstream stakeholders, downstream stakeholders, d...... middle of paper ......ication and analysis techniques. Retrieved February 25, 2014, from Learning Ace website: http://www.learningace.com/doc/1063225/288b1243f6fcc2df3c41c39785930c60/stakeholder_identification_analysis_techniquesTwyford, V., & Baldwin, C. (2006). United Nations Environment Program dams and development projects: stakeholder participation. Retrieved February 25, 2014, from the United Nations Environment Program website: http://www.unep.org/dams/files/compendium/Report_SP.pdfSchmidt, P. (2012). Stakeholder involvement in the rehabilitation of former uranium mining site International case studies. Retrieved February 25, 2014, from the International Atomic Energy Agency website: http://www.iaea.org/OurWork/ST/NE/NEFW/WTS-Networks/ENVIRONET/environetfiles/WkpRemediationInfrastructure_Germany_Dec2012/WkpRemediationInfrastructure_Germany_Dec2012-Stakeholder_Involvement_Schmidt. pdf