What does stakeholder analysis primarily focus on?

Stakeholder analysis primarily concentrates on examining stakeholder preferences and roles within a project or organization. This involves understanding who the stakeholders are, what their interests and expectations are regarding the outcomes of a project, and how their functions may influence or be impacted by the business processes. By defining these roles and preferences, a business analyst can effectively manage the project by aligning the objectives with the stakeholders' needs and mitigating any potential issues that may arise from differing expectations.

An effective stakeholder analysis provides critical insights that enhance communication, ensure that relevant stakeholders are engaged throughout the project lifecycle, and helps in tailoring engagement strategies that meet their preferences. This foundational understanding also serves to build stronger relationships between the project team and stakeholders, fostering a collaborative environment that can lead to success in achieving project goals.