Value & Stakeholder Perceptions Flashcards
1
Q
What is a stakeholder
A
Any group or individuals who can affect or be affected by the achievement of the organisation/project’s objectives
2
Q
What is a pluralistic client
A
Client being made up of several stakeholder groups reflecting the power and influence they hold to the client organisation/project
3
Q
What are the elements of value
A
Cost (money consumed to produce)
Price (money exchanged for product)
Worth (money market is willing to pay)
Cost < Price < Worth typically
