Explanation
According to the PMBOK Guide, a stakeholder analysis is a process used to identify and assess the importance of key stakeholders in a project. It is a tool to help project managers plan and execute their projects in a way that will optimize results and minimize the negative impact on key stakeholders. A stakeholder analysis involves the following steps:
Identification of potential stakeholders including their roles, departments, interests, knowledge, expectations, and influence levels.
Analysis of the potential impact each stakeholder could generate, and the potential impact of the project on each stakeholder.
Classification of the stakeholders based on logical categories of potential impact, such as power, interest, influence, attitude, etc.
Development of appropriate strategies to engage each stakeholder group, such as communication, participation, negotiation, etc.
A stakeholder analysis helps the project manager to understand the needs and expectations of the stakeholders, and to tailor the project activities and communication accordingly. It also helps to identify and manage the risks and opportunities associated with the stakeholders, and to enhance their support and involvement in the project. A stakeholder analysis is an essential step to minimize the number of interactions with all stakeholders, while keeping a collaborative spirit. By performing a stakeholder analysis, the project manager can prioritize the stakeholders based on their level of engagement, and focus on the most critical ones. The project manager can also determine the best way to communicate with each stakeholder group, and avoid unnecessary or redundant interactions.
The other options are not correct because they do not provide a valid way to minimize the number of interactions with all stakeholders, while keeping a collaborative spirit. Option A is wrong because it suggests that the project manager should host regular meetings with all stakeholders, regardless of their level of engagement, interest, or influence. This would be inefficient, time-consuming, and potentially counterproductive, as it may create confusion, conflict, or dissatisfaction among the stakeholders. Option B is wrong because it implies that the project manager should meet with all of the stakeholders separately, without performing a stakeholder analysis first. This would be impractical, costly, and ineffective, as it may not address the specific needs and expectations of each stakeholder. Option C is wrong because it assumes that the project manager can meet with the stakeholders and document their needs, without performing a stakeholder analysis first. This would be risky, incomplete, and inaccurate, as it may not capture the full range and depth of the stakeholder's requirements, concerns, and preferences. References:
PMBOK Guide, 6th edition, pages 513-514, 518-519
Stakeholder analysis - Project Management Institute
Stakeholder Analysis 101 (Example & Template Included) - ProjectManager Stakeholder Management Overview | Project Management Professional (PMP) Stakeholder Analysis Process - Institute of Project Management