Stakeholders play an important role in determining the success or failure of a project. Getting stakeholders involved in the project right from the beginning is crucial because they are the ones who decide on what changes are to be made to meet their requirements. If the project manager fails to involve them at the initial stage, the changes set forth by the stakeholders at a later stage will hamper the quality and value of the project.

Evaluate the validity of this statement based on your research and knowledge and discuss the following questions:

Who are the project stakeholders?

Types of project stakeholders

Explain how to prevent conflict and risk in project management in general and exclusively in information systems projects.