Final answer:
Apart from developers and investors, stakeholders are the main group concerned with an economic feasibility study's results because they have an interest or may be affected by the project. Involving stakeholders in the project process is essential for building buy-in, feedback, and ensuring long-term success.
Step-by-step explanation:
Apart from developers and investors, the stakeholders are the other main group concerned with the results of an economic feasibility study of a project. Stakeholders are individuals or organizations with an interest in the success of the project, as they may be affected by its outcome. This includes users and customers who utilize the product or service, government agencies with regulatory oversight, companies that may form partnerships, and the broader community that could be impacted by the project. Building buy-in and ensuring collaboration with stakeholders, such as landowners, local communities, the non-governmental sector, and external practitioners, is vital for the credibility and long-term success of the project
By integrating the involvement of stakeholders throughout the project design and implementation process, projects are more likely to meet the diverse needs of the community and operate within the bounds of local and legal requirements. For instance, the involvement of religious leaders, politicians, educators, and local business owners as stakeholders can provide valuable feedback and support for a project, aiding in its overall acceptance and effectiveness.