What is Stakeholder Analysis?

873    Asked by MeganHudson in Business Analyst , Asked on Jan 30, 2020
Answered by Dipesh Bhardwaj

Stakeholder Analysis and Mapping is done to map the interest of your stakeholders. It is a process of systematically analyzing and gathering qualitative information to determine whose interest should be considered. This moves beyond simply sending minutes to them but requires input and sign-off to any project of which the stakeholder holds an interest. From here, buyers can clearly demonstrate to the key stakeholder that their goals are being included in the supplier project. Stakeholder Analysis and Mapping is important because it helps project leaders and managers to access a stakeholder's interest, positions, alliances and knowledge related to the project.


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