Define: "Stakeholder Ownership" in Business
High risk of unnecessary meetings
"Force them to reply 'Approved' in an email. Never accept a verbal 'Go ahead' as proof of ownership."
The explicit assignment of accountability for a project's success or failure to specific business units.
What does "Stakeholder Ownership" actually mean?
"The political maneuvering required to explicitly assign blame to a Vice President so network engineering doesn't get fired when the project dies."
"It is vital we establish clear stakeholder ownership before proceeding to the deployment phase."
"We are establishing stakeholder ownership early, meaning when the cloudThe CloudSomeone else's computer that we are now paying a 400% premium to use. migration inevitably goes over budget, marketing is taking the hit, not IT."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Stakeholder Ownership" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
