Certified Business Analysis Professional (CBAP) Practice Test

Stakeholder analysis is a critical activity that usually occurs at the onset of a project, specifically when a business need is identified. This timing is essential because understanding who the stakeholders are—including their interests, influence, and potential impact on the project—allows for more effective engagement strategies and communication plans. Performing stakeholder analysis early in the process ensures that the perspectives and requirements of all relevant parties are taken into account, leading to better decision-making and project alignment.

By conducting stakeholder analysis right after identifying the business need, analysts can gather initial requirements and concerns, which can guide the subsequent phases of the project. Engaging stakeholders from the very beginning increases the likelihood of project success, as it fosters a collaborative environment where their needs can be addressed upfront.

In contrast, performing stakeholder analysis after a solution is identified, after the project charter is created, or after a project sponsor is named may lead to missed opportunities for gathering important insights early in the project lifecycle. These later stages could limit the project's adaptability to stakeholder needs and priorities, making the initial identification of stakeholder interests crucial.