In the context of construction management, the term 'stakeholder' encompasses what?

The term 'stakeholder' in construction management refers to all individuals or groups who are affected by the project in some way. This includes the client who funds the project, the contractors who execute the work, the construction workers involved in the actual building process, the local community that may be impacted by the project, regulatory bodies that enforce compliance with laws and regulations, and any other parties that have an interest in the project.

Considering this comprehensive definition, option B accurately captures the essence of what stakeholders are by including everyone who may be influenced by or have an influence on the project. This broader view is crucial for effective communication, risk management, and ensuring that the project meets the needs and expectations of all parties involved. Understanding the varied perspectives and interests of stakeholders is essential for successful project outcomes and enhancing overall project efficiency.