Stakeholder Analysis

Stakeholder Analysis is a technique to gather information about stakeholder power, interest, influence towards the project. This is not only the stakeholders interest or power towards project but also other stakeholders(relationship). Stakeholder analysis can be done by performing grid analysis using power and interest factors. This results in different options which helps for Project manager to understand the stakeholder pulse towards the project. For example a stakeholder having high power and interest, he should manage or engage them closely. The stakeholders having high interest and less power, they should be informed about project status.

Using this technique one can also develop salience model. It uses three parameters power, urgency and legitimacy. This results in eight different types of stakeholders like demand, discretionary, dangerous, etc...

Stakeholder Analysis technique is used under process Identify Stakeholders process and results in Stakeholder register which is a project document.