Stakeholder analysis. Determine important stakeholders step by step

What is a stakeholder analysis, how are stakeholders identified and how do you communicate with stakeholders?

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Different information can be visualized in a stakeholder diagram, for example, selected stakeholders witht heir interests in a projcet, restrictions of the project or relations to other projects.

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Should you visualize all the stakeholders in a stakeholder diagram? Probably not, because it is not about complete detail in thse diagrams, but about important connections. It is recommended to present important stakeholders with more influence.

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The stakeholder “Finance Director” – in concrete projects a real person with the role/function “Financial Director” is largely interested in costs, wants to control these and make decisions.

Identify, analyze and communicate with stakeholders

Stakeholder analysis is concerned with the systematic determination of natural people like customers, users or employees as well as legal personnel, institutions or organizations that are interested in a project, a solution or a service that is being created. These people are called stakeholders. Stakeholder analysis maps the foundation for interaction between businesses or organizations and the stakeholders who are interested in the development or in the project. It is, along with stakeholder identification and stakeholder communication, a part of stakeholder management.