1. The project stakeholders are usually the ones involved in completion of the project as well as those who are influenced by the project. In this case the project stakeholders are students, the faculty and the management of the institution. Learning is important to the students, impacting knowledge is essential for the faculty and overall administration of the institution is important to the organization. Consideration and initiating structure, in relation to the Ohio study and leadership refer to two different approaches of leadership. In case of consideration the leader adopts a people oriented approach and in case of initiating structure the leader adopts a task oriented approach and this is essential as well as important to all of the stakeholders. 2. PeopleThe project participants include students, faculty and the management SituationsThe situation is of a masters degree in project management and issue is imparting knowledge effectivelyIssues and requirementsThe concern is to maximize effectiveness Environmental conditionsHigh levels of competitionProject simulation Forming the course with benchmarked guidelinesSimulation resultsAn effective course content Analysis and action planIt is essential to consider the usage of benchmarking3.