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Stakeholder Analysis

Stakeholder analysis is an important process during requirement gathering which helps to identify the stakeholders and analyzing their needs.

Stakeholders can be grouped into 2 categories: Internal stakeholders and External stakeholders.

Internal stakeholders are internal to organization like a sponsor, the project team, program manager, admin manager, etc. They might less likely be help to the project and may have a negative impact on the project’s outcome.
External stakeholders are external to the organization such as a supplier, government, media, end-users who consume the project,etc. They look at the positive side of the project and is benefitted by its success.

One of the well known techniques to identify stakeholders is RACI (Responsible, Accountable, Consulted, Informed) where the stakeholders are identified under these capabilities.

A project’s success is maximized when the stakeholders are actively engaged in the project life cycle.

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