Why stakeholder analysis?
Stakeholder analysis helps investors to assess a project environment, and to inform their negotiating position in project talks. More specifically, doing a stakeholder analysis can: – draw out the interests of all stakeholders in relation to the project. – identify conflicts of interests between stakeholders, which will influence a project’s riskiness before a investment is made. – help to identify relations between stakeholders which an investor can be built upon, and may enable “coalitions” of project sponsorship, ownership and cooperation. – help to assess the appropriate type of participation by different stakeholders, at successive stages of the project. When should it be done? Stakeholder analysis should always be done at the beginning of a project, preferably before starting negotiations, even if it is a short list of stakeholders and their interests. Such a list can be used to draw out the main assumptions which are needed if a project is going to be viable, and some of the key
