Biggest Blunder in Project Management....

No Stakeholder Analysis

Stakeholder analysis is seldom given importance in many projects which inturn leads to huge risks on landing up in project failures.

Stakeholder analysis deals with study of the following:

1. Who are all stakeholders?
2. Who are key stakeholders?
3. What are their needs?
4. What are their wants?
5. What are their requirements and expectations?

By performing stakeholder analysis, all these needs, wants, requirements and expectations could be documented , understood and converted to Project scope, which forms the HEART of any PROJECT SUCCESS...!!!