Business Analyst: What is a stakeholder vs sponsor?

Stakeholder — anyone affected. Sponsor — funds the project.

Stakeholder:

• Broad group.
• Various interests.
• May or may not support.

Sponsor:

• Provides funding.
• Executive support.
• Final decision maker.
• Accountable for success.

Example:

Key differences:

• Stakeholder — interest in project.
• Sponsor — funds and champions project.