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Stakeholder Analysis

A structured process used to identify and understand business stakeholders at the program and portfolio levels.

Key Points

  • Determines who the business stakeholders are across programs and the broader portfolio.
  • Assesses stakeholder interest, influence, impact, and expectations to guide engagement.
  • Produces a stakeholder register and informs the stakeholder engagement and communication approaches.
  • Conducted early and revisited regularly as programs and portfolio priorities evolve.

Example

A company launches a multi-year digital transformation portfolio with several programs. The portfolio team performs stakeholder analysis to identify executives, product leaders, regulators, operations, customers, and vendors, then maps their influence and information needs to shape engagement and governance.

PMP Example Question

When a new portfolio is initiated that groups several related programs, what should the manager do first to align expectations and plan communications?

  1. Perform stakeholder analysis to identify and assess stakeholders across programs and the portfolio.
  2. Develop detailed schedules for each component project.
  3. Finalize all procurement contracts before stakeholder engagement begins.
  4. Conduct a lessons learned session from prior projects.

Correct Answer: A — Stakeholder analysis

Explanation: Stakeholder analysis identifies business stakeholders at the program and portfolio levels and informs how to engage them effectively.

Leadership for Project Managers Course

Lead with clarity, confidence, and real impact. This Leadership for Project Managers course turns day-to-day challenges—unclear priorities, tough stakeholders, and cross-functional friction—into opportunities to guide teams and deliver outcomes that matter.

You’ll learn practical leadership skills tailored to project realities: setting direction without overcontrol, creating alignment across functions, and building commitment even when authority is limited. We go beyond theory with tools you can use immediately—one-sentence visioning, stakeholder influence maps, decision framing, and feedback scripts that actually land.

Expect hands-on frameworks, real-world examples, and guided practice to prepare for tough moments—executive readouts, resistance from stakeholders, and high-stakes negotiations. Downloadable templates and checklists keep everything actionable when the pace gets intense.

Learn alongside professionals around the world working in project leadership and delivery.

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Lead with clarity, influence, and outcomes.

HK School of Management offers a practical Leadership for Project Managers course for real projects, tight deadlines, and cross-functional teams. Learn to set direction, align stakeholders, and drive commitment without relying on title. Practical skills, tools, and guidance you can apply right away. Covered by Udemy's 30-day refund policy.

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