Stakeholder Analysis

A structured process used to identify and understand business stakeholders at the program and portfolio levels.

Key Points

  • Determines who the business stakeholders are across programs and the broader portfolio.
  • Assesses stakeholder interest, influence, impact, and expectations to guide engagement.
  • Produces a stakeholder register and informs the stakeholder engagement and communication approaches.
  • Conducted early and revisited regularly as programs and portfolio priorities evolve.

Example

A company launches a multi-year digital transformation portfolio with several programs. The portfolio team performs stakeholder analysis to identify executives, product leaders, regulators, operations, customers, and vendors, then maps their influence and information needs to shape engagement and governance.

PMP Example Question

When a new portfolio is initiated that groups several related programs, what should the manager do first to align expectations and plan communications?

  1. Perform stakeholder analysis to identify and assess stakeholders across programs and the portfolio.
  2. Develop detailed schedules for each component project.
  3. Finalize all procurement contracts before stakeholder engagement begins.
  4. Conduct a lessons learned session from prior projects.

Correct Answer: A — Stakeholder analysis

Explanation: Stakeholder analysis identifies business stakeholders at the program and portfolio levels and informs how to engage them effectively.

AI Systems with Claude, for Scrum Masters and Project Managers

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Eight teaching sections, taught against one running project from the first lecture to the last. You watch a system get built, then you build the same one against your own sprint. Nothing here is a demo that works only on the example.

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Seventy-six working files ship with it, across four sections, so every system is built against real sprint data rather than material invented for a slide. Four sprints of retrospectives, board exports, standup notes, backlog and risk data.

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