Stakeholder Analysis

Stakeholder Analysis

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Term2.png STAKEHOLDER ANALYSIS
The identification of a project's key stakeholders, an assessment of their interests, and the ways in which those interests affect project riskiness and viability. The goal of stakeholder analysis is to develop a strategic view of the social environment in which a project will be implemented, thus it is usually the first step in building the relationships needed for the success of a participatory project. A stakeholder analysis can be used to:
  • Identify and define the characteristics of key stakeholders;
  • Draw out the interests of stakeholders in relation to the problems that the project is seeking to address;
  • Identify conflicts of interests between stakeholders;
  • Help to identify relations between stakeholders that may enable "coalitions" of project sponsorship, ownership and cooperation;
  • Assess the capacity of different stakeholders and stakeholder groups to participate;
A stakeholder analysis can be undertaken throughout all the stages of a project cycle. At the beginning of a project it contributes to its design by identifying the goals and roles of different groups, and by helping to formulate appropriate forms of engagement with these groups.[1]


References

  1. ↑ www.landcareresearch.co.nz, www.panda.org (23 July 2008)
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