The Strategy Team should check the thoroughness of its work, using the Stakeholder Analysis Review Checklist Template as a guide. The questions listed in MP1010-2 STAKEHOLDER ANALYSIS REVIEW CHECKLIST may be added to, changed, or deleted, depending on the company’s unique circumstances. If the Strategy Team has answered “no” (checked the “N” column) to any of the review questions on the Stakeholder Analysis Review Checklist Template, it should review the Stakeholder Analysis Matrix and update the form accordingly.
The purpose of the Stakeholder Analysis is to identify stakeholders, assess their needs and interests, and determine how their needs and interests may affect project risk and viability. Stakeholders’ importance to the success or failure of a project can be positive or negative. Stakeholder importance is also relative – some are more important than others. Stakeholder importance may be expressed as a positive/negative number (say, from minus-5 to plus-5) for ready recognition and understanding.