Stakeholder analysis is the process of identifying and understanding the needs, expectations,
interests, and influence of the people who have a stake in the project or the solution. Stakeholder
analysis is not a one-time activity, but rather an ongoing process that should be performed
throughout the business analysis lifecycle. Stakeholders may change over time, as new ones emerge
or existing ones leave or change their roles. Stakeholders may also have different levels of
involvement, engagement, and satisfaction at different stages of the project. Therefore, stakeholder
analysis should be updated and revised regularly to reflect the current state of the stakeholder
relationships and to ensure effective communication and collaboration among the stakeholders12.
The other options are not correct because:
Option A is incorrect. It will continue until all of the stakeholders have been identified is not a valid
statement, because it is impossible to identify all of the stakeholders at the beginning of the project.
Some stakeholders may not be visible or accessible at the start, or they may become relevant later as
the project progresses. Therefore, stakeholder identification should be an iterative and continuous
process that adapts to the changing project environment3.
Option B is incorrect. It will continue until the requirements have been approved is not a valid
statement, because stakeholder analysis does not end with the approval of the requirements.
Stakeholder analysis should continue beyond the requirements phase, as the stakeholders may have
different feedback, input, or approval on the design, development, testing, implementation, and
evaluation of the solution. Stakeholder analysis should also consider the post-implementation
impacts and benefits of the solution for the stakeholders4.
Option D is incorrect. It will continue until the project charter is signed is not a valid statement,
because stakeholder analysis does not stop with the initiation of the project. Stakeholder analysis
should continue throughout the planning, execution, monitoring, and closing of the project, as the
stakeholders may have different issues, risks, or opportunities that need to be addressed or
leveraged. Stakeholder analysis should also support the change management and transition activities
that involve the stakeholders.
Reference:
Business Analysis Guidebook/Stakeholder Analysis - Wikibooks, section “Stakeholder Analysis is the
activity of”
Business Analysis Driving Business Success, page 6
Stakeholder Identification: How to Identify Stakeholders in a Project, section “Why is stakeholder
identification important?”
Stakeholder Analysis: The Ultimate Guide, section “When to do a stakeholder analysis”
[Stakeholder Management: A Key to Project Success], section “Stakeholder Management Process”
