What is the definition of stakeholder analysis?

Stakeholder analysis is a tool for clearly defining key stakeholders for a project or other activity, understanding where stakeholders stand, and developing cooperation between the stakeholders and the project team.
A.

What is a key stakeholder in a project?

According to the Project Management Institute (PMI), the term project stakeholder refers to, "an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project" (Project Management Institute, 2013).
  • Are project team members stakeholders?

    Stakeholders are individuals who either care about or have a vested interest in your project. The customer, subcontractors, suppliers, and sometimes even the government are stakeholders. The project manager, project team members, and the managers from other departments in the organization are stakeholders as well.
  • What is Work Breakdown Structure?

    A work breakdown structure (WBS) is a chart in which the critical work elements, called tasks, of a project are illustrated to portray their relationships to each other and to the project as a whole.
  • Who are primary and secondary stakeholders?

    Definition. Whereas primary stakeholders are those who have a direct interest in a company, secondary stakeholders are those who have an indirect interest. For instance, the employees and investors who depend on a company's financial well-being for their own are the primary stakeholders.
B.

What is a stakeholder analysis matrix?

Stakeholder analysis (also called stakeholder mapping) is an important step in designing a new program. Stakeholders include individuals, community leaders, groups and other organisations who will be impacted by the program, or who could influence the outcome. They can be internal or external.
  • What is the definition of stakeholder analysis?

    Stakeholder analysis is a tool for clearly defining key stakeholders for a project or other activity, understanding where stakeholders stand, and developing cooperation between the stakeholders and the project team.
  • Are competitors stakeholders?

    Yes, competitors are stakeholders. Obviously, customers, employees, managers, suppliers, government regulators and others can directly influence a business and its performance, meaning they're particularly important stakeholders.
  • What is the meaning of stakeholders in management?

    Stakeholder management is a critical component to the successful delivery of any project, programme or activity. Stakeholder management creates positive relationships with stakeholders through the appropriate management of their expectations and agreed objectives.
C.

Who are your key stakeholders?

Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
  • What is a stakeholder position?

    A stakeholder may be actively involved in a project's work, affected by the project's outcome, or in a position to affect the project's success. Stakeholders can be an internal part of a project's organization, or external, such as customers, creditors, unions, or members of a community.
  • What is a stakeholder in banking?

    Banks need stakeholder equilibrium. Investors know that there are a number of different “stakeholders” or interested parties in the banking sector. These stakeholders include customers and depositors, regulators, investors, taxpayers, politicians and the directors and staff of banks.
  • Who are the main stakeholders?

    Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.

Updated: 20th September 2018

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