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Stakeholders in Business Analysis: Simple Guide with Examples
A neighbour’s birthday party taught me who stakeholders are, what they do, and why every Business Analyst needs them.
Recently, my neighbour Meera, a mother celebrated her daughter’s seventh birthday. I was at the party, and I noticed a few things that were not okay according to me.
Her husband was saying the budget was much higher than planned for this kind of party. Her mother-in-law could not climb four floors of stairs to reach the hall. A neighbour complained about the noise.
Later, I asked Meera about it. She said, “I made a mistake. I asked only one person: my daughter.”
Something clicked in my mind. Everyone at that party was a stakeholder, and Meera had never identified them. Her daughter was the user. Her husband controlled the budget. Her M-I-L (Mother-in-law) and guests had needs. The neighbour was affected without being invited.
An office project works the same way.
What is a Stakeholder?
A stakeholder is any person, group, or organization that is directly or indirectly involved in a project, affected by it, or interested in how it turns out.
