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.

How To Land the Job and Interview for Project Managers Course

Take the next big step in your project management career with HK School of Management. Whether you're breaking into the field or aiming for your dream job, this course gives you the tools to stand out, impress in interviews, and secure the role you deserve.

This isn’t just another job-hunting guide—it’s a tailored roadmap for project managers. You’ll craft winning resumes, tackle tough interview questions, and plan your first 90 days with confidence. Our hands-on approach includes real-world examples, AI-powered resume hacks, and interactive exercises to sharpen your skills.

You'll navigate the hiring process like a pro, with expert insights on personal branding, salary negotiation, and career growth strategies. Plus, downloadable templates and step-by-step guidance ensure you're always prepared.

Learn from seasoned professionals and join a community of ambitious project managers. Ready to land your ideal job and thrive in your career? Enroll now and take control of your future!



Advance your Lean Six Sigma expertise!

HK School of Management helps you take Lean Six Sigma to the next level—without the overwhelm. Master advanced statistical tools, Excel-based analysis, and real-world improvement techniques to solve complex problems with confidence. For the price of lunch, you get practical templates, guided examples, and hands-on project experience you can use immediately at work. Backed by our 30-day money-back guarantee—zero risk, real impact.

Learn More