The document emphasizes the importance of stakeholder engagement for project success, highlighting that stakeholders are individuals or groups with a vested interest in the project's outcome. It stresses the need for early identification and continuous engagement with stakeholders to build rapport and deliver key requirements effectively. Additionally, it mentions resources for business analyst training and certification programs.

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Stake
The degree to which you are involved in something and want it to succeed have a
stake in (doing) something:
E.G A project sponsor has a huge stake in success of the Project.
Stakeholder
A person, group or organization who has direct or indirect stake in outcome of the project or
proposed solution

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The project has to meet the needs of its stake holders in order to
succeed
Early Identification of Stakeholders and their representatives is
necessary

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“Stakeholders are your partners who control the purse strings
and certify successful project completion”
Vijay S Shukla, Director QBI Institute
“ For project success good relationship and rapport with your
stake holders is necessary but not a sufficient condition”
Vijay S Shukla, Director QBI Institute

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Stake Holders Wheel

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Power : High, Medium, Low
Support: Positive, Neutral, Negative
Influence: High or Low
Need: Strong, Medium, Weak

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Source : BABOK V2.0
Stake Holder Engagement Matrix

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Source Business Analysis: Paul, Yeates, Cadle

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www.irctc.co.in

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– Identify them Early, Engage Continuously
– Get Introduced, Meet & Communicate Frequently
– Build Rapport, Make your life easy
– Understand & deliver their key requirements
– Lead your project to success

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Contact QBI Institute
director@qbi.in, qbiworld@gmail.com
91-9810055734
For Business Analyst Training and Certification Programs
IIBA – CCBA, CBAP Certifications Preparation
BCS – Foundation and Practitioner Level Certification
Preparation