What is the focus of stakeholder analysis?

The focus of stakeholder analysis is on identifying and assessing the influence of stakeholders on a project. This process involves determining who the stakeholders are, understanding their interests, assessing their influence and impact on the project, and identifying how their needs and expectations can affect project outcomes. By mapping out stakeholder relationships and understanding their varying levels of influence and interest, business analysts can tailor communication strategies, manage expectations, and engage stakeholders effectively. This can lead to improved collaboration, better decision-making, and ultimately successful project delivery.

Other aspects such as risk identification, customer needs assessment, and setting project goals are important in project management and business analysis, but they do not encapsulate the primary focus of stakeholder analysis. Stakeholder analysis specifically hones in on the dynamics of relationships between stakeholders and the project, making it a critical component for ensuring stakeholder alignment and support throughout the project lifecycle.