Skip to content

The Importance of Identifying Project Stakeholders

Depending on the project, the number of stakeholders can be very small, or can include entire geographic areas. The following is a list of examples of possible project stakeholders:

  • Surrounding neighborhood, city or geographic region
  • Governing bodies of tribal groups
  • Funding agencies, creditors or shareholders
  • Nonprofit organizations or environmental groups
  • Prospective customers or users
  • Professional groups, unions or trade groups

Almost universally, funders want to see that your project has stakeholder support. To have a truly competitive project proposal, it is imperative that you identify and involve project stakeholders. Additionally, by involving stakeholders, you are able to get a more varied perspective on your project. This will help you to anticipate potential problems and develop creative ways to address them proactively.

It is natural to be nervous about involving stakeholders in a project. There is often a fear that by bringing more people to the table, the process will become more complicated. However, it is better to think of project stakeholders as potential allies that can help your project to succeed. Through the involvement of stakeholders, you have the opportunity to build your project’s credibility and ultimately strengthen your proposed project.

We regularly blast out more in-depth information regarding tips for your application, downloadable resources and grant alerts. Sign up for our email newsletter here.

More Like This

Digging Deep into the Required Components of a Grant Application

The first step of creating a grant application plan is to go through the grant guidelines and make a list of every single component that is required for submission. Budget
Read More >>

How to Incorporate Fundable Elements Into Your Project

What makes a project stand out in a sea of grant applications? The incorporation of fundableelements. The more of these features your project has, the better its chances of securingfunding.
Read More >>

Biden Signs National Defense Authorization Act into Law

President Joe Biden has signed the Fiscal 2023 National Defense Authorization Act into law, which has allotted $816.7 billion to the Defense Department. This act has authorized $40.4 billion for
Read More >>