Question

write a short note on formal stakeholder analysis​

Answer 1

Answer:

A stakeholder analysis is a process of identifying these people before the project begins; grouping them according to their levels of participation, interest, and influence in the project; and determining how best to involve and communicate each of these stakeholder groups throughout.

Explanation:

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Answer 2

FORMAL STAKEHOLDER ANALYSIS

• A formal stakeholder analysis is a procedure of specifying these people before the project commences; sorting them according to their levels of participation, involvement, and impact in the project; and inferring how best to involve and disseminate each of these stakeholder groups throughout.
• Performing a stakeholder analysis can be strategically useful when kicking off any kind of complicated company operation. The more stakeholders you can specify early on and the more you can modify your information to win authorization and backing from numerous stakeholders, the more inclined your project is to succeed.
• Stakeholder analysis practices will differ by corporation, business, and the teams performing them (e.g., project management vs. product management). But there are helpful points familiar to most of these kinds of analyses.

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