Stakeholder analysis in conflict resolution, project management, and business administration, is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action. Then sorting those individuals or groups according to their impact on the action and the impact the action will have on them. This information is used to assess how the interests of those stakeholders should be addressed in a project plan, policy, program, or other action. Stakeholder analysis is a key component in decision making for mining projects here in Central America.
Non-governmental organizations (NGOs) and community-based organizations (CBOs), particularly those who represent communities directly affected by a project, can be important stakeholders for companies to identify and engage on a proactive basis. NGOs may have expertise valuable to effective stakeholder engagement. Keeping track of government-led consultation with stakeholders on issues related to your project is highly recommended. “Interest-based” analysis and mapping can help clarify the motivations of different actors and the ways in which they might be able to influence the project. For this set of stakeholders, cost-effective solutions (newsletters, websites, targeted public meetings) can establish and maintain open channels of communication.

Stakeholder analysis helps with the identification of the following:

• Stakeholders' interests
• Mechanisms to influence other stakeholders
• Potential risks
• Key people to be informed about the project during the execution phase
• Negative stakeholders as well as their adverse effects on the project

Keynetworks has the needed experience in Stakeholder analysis to help you organization to identify and influence the stakeholders affected by and that affect your project. For further information on this area of work please contact us.