Conduct Stakeholder Analysis

Stakeholder is a person or a group of person or an organization who are directly or indirectly involved in a particular project and will get benefitted by that project.

• Identify Stakeholders:

Following people usually get involved directly or indirectly in a project in an organization:

• Project Manager
• Business Analyst
• Project Sponsor / Business Owner
• SME (Subject Matter Experts)
• HR Manager
• Admin
• Stakeholders Listing Document:

The next step is to document those identified stakeholders in an Excel or in a Word document. All of the collected information then are effectively used to support the project later.

• Stakeholders Summary:

All of the identified stakeholders are then stored and prioritized according to their involvement in that particular project and get summarized in such a manner so that those stakeholders can be easily identified according to their contribution in that particular project.

• RASCI Matrix:

RASCI Matrix is an acronym for Responsible, Accountable, Supporting, Consulted and Informed.

• R- Responsible:

A person who is working on activity is a responsible person.

• A-Accountable:

A person having decision or authority on activity is an accountable person.

• S- Supporting:

A person who is supporting the activity is a supporting person.

• C-Consulted:

A key stakeholder who is either working on activity or having decision authority is a consultant.

• I-Informed:

A person who needs to know about an action or a decision.

• Example:

The following template of RASCI Matrix in a Project will help to give more clarification on the same: