What is stakeholder analysis?

Question

Accepted Answer

**Stakeholder analysis** — process of identifying and assessing stakeholders.

**Steps:**
1. Identify all stakeholders.
2. Classify by power and interest.
3. Assess their needs and expectations.
4. Develop engagement strategies.

**Power/Interest Grid:**
```
High Power, High Interest → Manage Closely
High Power, Low Interest → Keep Satisfied
Low Power, High Interest → Keep Informed
Low Power, Low Interest → Monitor
```

**Stakeholder types:**
- **Internal:** employees, managers, executives.
- **External:** customers, suppliers, regulators.
- **Primary:** directly affected.
- **Secondary:** indirectly affected.

**Tools:** Stakeholder register, RACI matrix.

Business Analyst: What is stakeholder analysis?