Certified Specialist Business Intelligence Practice Test

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In stakeholder analysis, what is the first step involved?

Stakeholders Relationship
Stakeholders Participation
Identify Stakeholders
Stakeholders Profile

The correct answer is: Identify Stakeholders

The first step in stakeholder analysis is to identify stakeholders. This crucial initial phase involves recognizing all individuals, groups, or organizations that have an interest in or could be affected by the project or initiative. By identifying stakeholders, you lay the groundwork for understanding their expectations, influence, and potential impact on the project. Understanding who the stakeholders are allows for better engagement strategies tailored to their needs and interests later in the analysis process. It ensures that you do not overlook anyone who could play a significant role in the success or failure of the initiative, thereby facilitating more effective communication and involvement throughout the project's lifecycle. Proper identification shapes the way you assess relationships, participation, and profiles of the stakeholders as the analysis progresses.