ABSTRACT

CHAPTER 6 Stakeholders The first eight questions in the Project Risk Maturity Model (RMM) concern the role of the project’s stakeholders in the risk management process. When making RMM assessments, it is this section that often takes the most time to work through. However, its importance should not be underestimated. Projects do not exist in a vacuum; they exist to benefit the organisations that own them. The purposes of a project and the role of the parties involved are fundamental to project strategy and hence to its management of risk. Lack of an effective engagement with stakeholders will undermine the project’s governance.