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What is stakeholder analysis?

In any problem, various entities play important roles throughout the duration of the project. Even the smallest of factors can completely change whether the problem in a project is successfully solved, or becomes disastrous. These entities are known as stakeholders and must be carefully considered in any project.
Traditionally, stakeholder analysis not a very in depth process and only the stakeholders with the most power are given the proper attention. This has proven to be catastrophic in many real world projects.

Example
- At the waterside area of downtown Norfolk, a project was put in to motion to build a new apartment building near the water. The project management team viewed many of the major stakeholders in this process but overlooked the ones with little power that were deemed unimportant to the process. Little did they know, neighboring residential areas opposed the project as it would potentially lower their property values and cause other minor conveniences to the community. They banded together and brought their case to the local government who eventually shut the project down.
  Had the project team taken the neighboring residential areas into consideration, negotiations could have been made and the project may have eventually succeeded.

When problem solving, stakeholders play a vital role in the success or demise of a project. A better solution is needed to identify and analyze stakeholders to maintain situational awareness throughout the problem solving process.

Why do we need an electronic solution?

Armed with the proper analysis methods, stakeholder analysis can be done on any medium. Any team with

writing materials can get their thoughts together on paper and physically determine the influences various stakeholders will have on a project. Unfortunately for physical methods of analysis, the influence a stakeholder possesses will change throughout the duration of the project. It is not impossible to keep up with these changes, but it is very likely information will be inaccurate or even lost depending on the complexity of the project.

The stakeholder analysis tool (STAT) is based on the research of NCSOSE who have developed a superb, comprehensive method of stakeholder analysis. STAT looks to alleviate the currently primitive physical methods of stakeholder analysis by applying an electronic solution to this methodology. This solution will encompass identifying, prioritizing, and managing stakeholders in a user friendly, visual environment. The dynamic essence of stakeholder analysis can be easily maintained in this simple, intuitive program.

STAT objectives

Visual representations of analysis
Effective analysis algorithms
Non-linear information flow
Consistency with industry standards
Exportable results