Understanding Stakeholder Analysis
Stakeholder analysis is a critical process in project management that involves identifying all stakeholders who have an interest in the project, analyzing their influence and expectations, and developing strategies to engage them effectively. The primary goal of stakeholder analysis is to ensure that the project team understands the needs and concerns of all stakeholders and manages their expectations throughout the project lifecycle.
Conducting stakeholder analysis brings several benefits to a project:
- Improved Communication: Helps in developing a communication plan that ensures all stakeholders are informed and engaged.
- Risk Management: Identifies potential risks associated with stakeholders’ influence and develops mitigation strategies.
- Increased Support: Engages stakeholders early on, increasing their support and buy-in for the project.
- Better Resource Allocation: Helps in allocating resources effectively to manage stakeholders’ needs and expectations.
Agile Stakeholder Analysis Template PMBOK
Project Name: [Project Name]
| Stakeholder Name | Role | Interest/Influence | Impact on Project | Engagement Strategy |
| [Stakeholder Name] | [Role] | [Interest/Influence] | [Impact] | [Engagement Strategy] |
PRINCE2 Stakeholder Analysis Template
Project Name: [Project Name]
| Stakeholder Name | Role | Interest/Influence | Impact on Project | Engagement Strategy |
| [Stakeholder Name] | [Role] | [Interest/Influence] | [Impact] | [Engagement Strategy] |
Waterfall Stakeholder Analysis Template
Project Name: [Project Name]
| Stakeholder Name | Role | Interest/Influence | Impact on Project | Engagement Strategy |
| [Stakeholder Name] | [Role] | [Interest/Influence] | [Impact] | [Engagement Strategy] |
Example Stakeholder Analysis
Example 1: Technology Project
Project Name: Mobile App Development
| Stakeholder Name | Role | Interest/Influence | Impact on Project | Engagement Strategy |
| John Doe | Project Sponsor | High | Critical | Regular updates, involve in key decisions |
| Jane Smith | Product Owner | High | High | Daily stand-ups, regular feedback sessions |
| Development Team | Developers | Medium | High | Daily stand-ups, sprint reviews |
Example 2: Construction Project
Project Name: Office Building Construction
| Stakeholder Name | Role | Interest/Influence | Impact on Project | Engagement Strategy |
| Alice Johnson | Project Sponsor | High | Critical | Regular updates, involve in key decisions |
| Bob Williams | Site Manager | Medium | High | Daily site meetings, weekly progress reports |
| Safety Officer | Safety Compliance | High | High | Regular safety inspections, compliance reviews |