Conducting an analysis is important to any organization especially at the initial stage of a new project. Even though you may be in charge of a project, you still have to answer to a lot of people. The stakeholder analysis tool consists of five steps, resulting in a stakeholder matrix and a stakeholder analysis table. However, if there is a danger that important stakeholders might be excluded, more time and resources should be invested in doing the stakeholder. A business can use the stakeholder analysis templates to perform a sample analysis once or regularly to track overtime changes. The fundamental aim is to consider an exercise in identifying and prioritising. The strategic importance of stakeholder management topic description.
You can make use of our stakeholder analysis template to list your stakeholders. The motivation for developing and using the sca tool is the ubiquity of conflict over water quality and quantity. The method is a focused brainstorm on, and analysis of, the stakeholders within a specific area of interest, which is defined before the mapping begins. Analysis of three themes emanating from this literature leads to the development of. Stakeholder analysis v acknowledgments i would like to thank derick brinkerhoff of abt associates inc. Steps in stakeholder analysis the following steps can be followed for a stakeholder analysis. Within the procedures of brand marketing, corporate planning and stakeholder management, the existence of stakeholder analysis is necessary. In this sense, it is also a tool for evaluating strategies. Starting with an excel template cuts down on the time needed to format the analysis and lets the busy project manager get the information on the page as quickly as possible. This stakeholder analysis was undertaken for the project on the conservation and sustainable use of globally significant biological diversity in the maldives baa atoll. With this done, more clarity can be developed around who the key stakeholders are, and how they can best be involved. What is stakeholder analysis a stakeholder is any person, group or institution with an interest in the project. If you look up the meaning of stakeholder management, youll likely find plenty of information related to project management. Write the name of each stakeholder included in the list made already on a separate card or postit and stick the cards on the matrix according to the participants view of each stakeholder s relative importance and influence dont use glue, or it will be difficult to move them around.
Stakeholder analysis is a process that allows analysts to identify how parties are likely to be affected by government projects and programs, referred to as. A stakeholder analysis is a process of identifying these people before the project begins. Stakeholders should be identified in terms of their roles not individual names. No matter what the project, a variety of stakeholders exist, even for the proposed value extraction projects. Identifying and analysing the stakeholders and establishing networks session 3 introduction to stakeholder analysis stakeholder analysis is a technique you can use to identify and assess the importance of key people, groups of people, and institutions that may influence the success of your activity or project. Simple analysis advanced analysis stakeholder analysis stakeholder role responsibilities how could this stakeholder impact the project. It assists with the development of an effective stakeholder communication and engagement strategy and is a fundamental element of an organizations stakeholder management plan. Curtice vice president, performance improvement associates the need for balanced performance measures traditional business performance measures such as returnonassets or earnings per share. A stakeholder is anyone who is affected by, or can influence, the project outcome. But long before you can manage the stakeholders, you need to identify just who has an interest in your company or project, which is known as stakeholder analysis.
A stakeholder analysis is a process for providing insights into, and understanding of, the interactions between a project and its stakeholders grimble and wellard 1996. Stakeholders make or break a project, and often project managers do not spend the time to effectively manage the stakeholder relationship to the projects disadvantage. Stakeholder analysis is a tool for identifying the needs and concerns of. The growing popularity of stakeholder analysis reflects an increasing recognition of how the characteristics of stakeholders individuals, groups and organizations influence decisionmaking processes. An effective stakeholder analysis can further develop and strengthen the professional and corporate relationship between stakeholders and businesses. Section 3 sets out the methodology followed to investigate the practice approaches for stakeholder analysis and engagement in construction. Stakeholder importance and influence sswm find tools. Objectives of stakeholders analysis this stakeholder analysis identifies major needs, interests and concerns of all the actorsagents who have an interest in the hivaids and youth issues, either as individuals or representatives of a group.
The importance of stakeholder management bizfluent. Stakeholders are built into every organization to help ensure that initiatives are aligned toward shared business goals. It might not always be practical to do so if the stakeholders are widely spread. For example, if the mattels recalls, you would place the mattel inc. The stakeholder analysis is only as valid and reliable as the sources and the processes use to obtain the information. Stakeholder analysis methodologies resource book nrel.
This information is used to assess how the interests of those stakeholders. Issues raised by this stakeholder how will we engage this stakeholder. Mar 25, 2020 stakeholder analysis and mapping is important because it helps project leaders and managers to access a stakeholder s interest, positions, alliances and knowledge related to the project. This guide has been developed using stakeholder analysis. Pdf the importance of stakeholder analysis in freight transport. Stakeholder analysis for private sector engagement tool private sector engagement toolkit.
If you prefer to start your stakeholder mapping process from scratch, rather than use stakeholder map templates or stakeholder matrix templates, you will need a guide. Sep 17, 2015 stakeholder analysis is the process of identifying and analyzing the stakeholders that are likely to affect or be affected by a proposed action either positively or negatively. It allows these people to be grouped according to their influence, participation, and interest so that you can involve them and communicate for. Political mapping has a strongly prospective time dimension where, frequently, it is a tool for policy implementation, i. Broad intervention options for the regional programme were drawn up and. To complete the discussions pertaining to this discipline, an outline and its guidelines are being furnished to help users in evaluating the.
The main purpose of the study was assess the influence of stakeholder analysis on the. A stakeholder analysis is an important process that needs to be handled carefully. Water, if scarce or polluted, can pose a threat to livelihood. An exercise in stakeholder analysis for a hypothetical. Stakeholder engagement toolkit for hiv prevention trials 51 compile a thorough list of key local, regional, national and global stakeholders. Stakeholder analysis guidelines world health organization. Stakeholders are those who have a stake in how well your project goes. The importance of stakeholder analysis in freight transport article pdf available in european transport\trasporti europei january 2005 with 2,552 reads how we measure reads. A stakeholder is a group or individual that can affect or is affected by the organization, such as customers, suppliers, employees, and local. Stakeholder analysis overseas development institute. Stakeholders can be individuals, groups, a community or an institution. The atoll ecosystem conservation aec project is cofinanced by the global environment facility gef and implemented through undp. Reich 1994, in his description of political mapping, includes stakeholder analysis as one of the steps.
Before you start any project, learn how to identify and gain the support of the right people through a stakeholder analysis. A stakeholder analysis is especially useful in the beginning of a project. Water supply and sanitation are instrumental in the development of a community. Policymakers and managers may use the results of a stakeholder analysis to develop their action plans. Stakeholder analysis is actually a process that can help you identify the needs of your stakeholders while assessing how these needs can be supplied by the program that you are currently developing.
This includes people who influence a decision, or can influence it, as well as those affected by it. Stakeholder analysis is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action and sorting them according to their impact on the action and the impact the action will have on them. The aim of stakeholder analysis is to provide decision makers with information about the individuals and groups that may affect the achievement or otherwise of their goals. Stakeholder and conflict analysis sca provides a structured way to identify stakeholders, and to explore how potential interactions among them may affect a project. This involves plotting stakeholders on a graph in terms of their influence over the project and their interest in the project. When it comes to any organizational project, all of the internal people and teams who the project will involve or affect are called its stakeholders. Stakeholder analysis can be undertaken throughout all stages of the project cycle, but it definitely should be undertaken at the outset of a project or programme. If you keep some sample stakeholder analysis ideas in your mind. Powerinterest grid powerinfluence grid influenceimpact grid salience model power able to impose their will urgency need for immediate attentionlegitimacy involvement is appropriate. Stakeholder analysis for value extraction projects. Ideally, stakeholder analysis should be carried out with representatives of as many stakeholder groups as possible. Those with a high level of influence may be prioritized to engage with at the outset of the implementation process. The synthesis is followed by a framework that identifies the functional roles of project stakeholders, and assesses stakeholders salience and probability to impact on and ability contribute to projects in order to facilitate the identification and contribution of.
Approaches for stakeholder analysis and engagement paper. Stakeholder analysis in conflict resolution, business administration, environmental health sciences decision making, industrial ecology, and project management is the process of assessing a system and potential changes to it as they relate to relevant and interested parties stakeholders. This handbook draws on the materials mentioned above, on ifcs more recent experience, and on other. Stakeholder analysis conducting a stakeholder analysis before conducting a stakeholder analysis, the project objectives needs to be clearly identi. They may be winners or losers, included or excluded from decisionmaking, users of results, participants in the process. The stakeholder analysis allows us to identify and analyse the different parties. Analysis stakeholder analysis is a tool employed to recognize priorities and identify potential partnerships that can influence the outcome of advocacy a stakeholder analysis will provide a sense of which institutions and individuals have a stake in the issues being considered, as well as their.
They broaden the pool of people who care about the wellbeing of your company, making you less alone in your entrepreneurial work. However, because stakeholder analysis often involves sensitive and undiplomatic information, and because of the covert nature of many stakeholder interests and agendas, there is often little to gained in trying to uncover such information in public. Stakeholder analysis, stakeholder mapping template groupmap. Stakeholders are people interested in your company, ranging from employees to loyal customers and investors. It may be useful, therefore, to conduct a stakeholder analysis in conjunction with these activities. Making an importance versus influence matrix helps to map out stakeholders and their relation to the issue at stake in the msp. Secure the active involvement of a core group of stakeholders. A stakeholder analysis template in excel is one of the most common formats to use when preparing a stakeholder analysis matrix or map. A strategic approach to early stakeholder engagement. When to use stakeholder analysis stakeholder analysis can be undertaken throughout all stages of the project cycle, but it definitely should be undertaken at the outset of a project or programme. Before you can get the support and trust of your stakeholders, you first need to identify the involvement of these stakeholders in your business or to your project. It is important to conduct a stakeholder analysis to identify these individuals or groups including their name, organization, role on the project, level of interest, level of influence, unique facts, expectations and ways to manage their expectations. In particular, during the define phase, stakeholder analysis is a crucial component of situation analysis step 1.
Policymakers and managers can use a stakeholder analysis to identity the key actors and to assess their knowledge, interests, positions, alliances, and importance. Stakeholder analysis identifies the individuals, groups, or organizations that have an impact on, or who can impact a project. The participation of the stakeholders is however necessary if the quality of the decision. Stakeholder groups are made up of people who share a. Stakeholder analysis stakeholders are people, groups, or institutions, which are likely to be affected by a proposed project either negatively or positively, or those which can affect the outcome of the project. Stakeholder analysis information can be used in this process to allow the stakeholders to see a reflection of where they are relative to others and to encourage discussion on how to address the oppositions concerns.
Pdf influence of stakeholder analysis on the performance. Strongly in favour indifferent or undecided weakly opposed weakly in favour strongly opposed very high high. A strategic approach to early stakeholder engagement to assist junior companies operating in developing economies in the ogm industry. Stakeholder analysis should always be done at the beginning of a project. Stakeholder analysis 5 steps for conducting stakeholder analysis step 1.
This paper provides guidance on how to do a stakeholder analysis, whether the aim is to conduct a policy analysis, predict policy development, implement a specific policy or project, or obtain an. It is often beneficial for research projects to identify and analyse the needs and concerns of different stakeholders, particularly when these projects aim to influence. Stakeholder analysis is the systematic identification, evaluation, and prioritization of everyone who can influence, or has an interest in, a project, program or business. This file contains additional information such as exif metadata which may have been added by the digital camera, scanner, or software program used to create or digitize it. Pdf the importance of stakeholder analysis in freight.
A stakeholder may not necessarily be involvedincluded in the decision making process. The power a stakeholder has to facilitate or impede the achievement of an activitys objective. Online library of quality, service improvement and. Stakeholder analysis is a relatively simple process that the process you can use the grid below to organize stakeholders accord. The process is very formal compared to what dpi is familiar with. A common stakeholder management tool is the stakeholder analysis grid. Examples of a project management stakeholder analysis. Stakeholder analysis example thats been filled in for an afterschool program. Stakeholders are people or organizations who either a stand to be affected by the project or b could make or break the projects success. At its best, the relationship between a business and its stakeholders is symbiotic and healthy. A step by step guide to creating a stakeholder analysis.
Purpose identify key stakeholders and evaluate their influence and interest regarding a private sector engagement with mercy corps. Description stakeholder analysis is a process that systematically develops an objective understanding of who are the key. This report is the product of a stakeholder analysis of the mining sector in armenia conducted by the american university of armenia center for responsible mining, caucasus environmental ngo network cenn and transparency international anticorruption center in armenia. Stakeholder analysis grid high influence, less interested. The importance of stakeholder analysis in project management. A stakeholder analysis enables you to identify everyone who needs to be involved and assess how. The best practices and pitfalls for stakeholder analysis include. This paper provides guidance on how to do a stakeholder analysis, whether the aim is to conduct a policy analysis, predict policy development, implement a specific policy.
You should consider all possible stakeholders in the public sector, private sector and civil society. Theory and practice fran ackermann and colin eden this article explores how top management teams can increase the robustness of their strategies by attending to important concepts emerging from the stakeholder literature. Working your way through the template below for each identi. Stakeholder analysis sa is a methodology used to facilitate institutional and policy reform processes by accounting for and often incorporating the needs of those who have a stake or an interest in the reforms under consideration. Stakeholder and conflict analysis small reservoirs. It requires commitment to hard thinking and filling in completing all the associated tables and spreadsheets. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management. Although it is usually thought that a firms only concern should be the bottom line of its shareholders, stakeholders also have the potential to make or break a project. Although stakeholder analysis is sometimes used as a tool for industry analysis, its true value lies in the evaluation of particula r problems for businesses and organizations.
This session will cover tips and techniques from the session host and will solicit ideas. Littau, jujagiri, and adlbrecht 2010 conducted a meta analysis study on stakeholder theory in project management discipline. The extent to which the stakeholder is able to persuade or coerce others into making decisions, and following a certain course on action. Increasingly it has been recognized that any project requires the active involvement of civil society to be truly sustainable. You can then identify what kind of action you should take with them. Delays in completion of water projects in wsbs in kenya are a common phenomenon. Stakeholder analysis innovation and entrepreneurship in. Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decisionmaking. It generates insights on the importance and influence of each stakeholder. I would also like to thank phrs counterparts in india samarthan and the society for participatory research in asia pria and ecuador. Stakeholder analysis for private sector engagement tool. Stakeholder analysis is the identification of a projects key stakeholders, an assessment of their interests and the ways in which these interests affect the project.
Apr 11, 2014 proper stakeholder analysis and management can help project managers find powerful allies to assist the project and keep negative influences from disrupting it. The priority given to satisfying the needs and interests of each stakeholder. Using lessons learned from an analysis of alcohol policy development in hungary, it outlines issues to be considered before undertaking the stakeholder analysis concerning the purpose and time dimensions of interest, the timeframe and the context in which the analysis will be conducted. Business ethics and stakeholder analysis kenneth e. When project managers are asked to oversee a project, one of the first things they do is identify all key stakeholders and loop them in on all important details relating to that project. Stakeholder analysis sa is a methodology used to facilitate institutional and policy reform processes by accounting for and often incorporating the needs of. Blank set of stakeholder analysis sheets, to be filled out by project teams. Collect relevant data about these individuals and organizations using informationcollection sheets.
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