During the project initiation stage, focus on identifying, analyzing and managing stakeholders.
Here are some prompters for identifying stakeholders:
- Business Users, internal and external
- Sponsors, Business and IT
- Regulators; if you are in the pharmaceutical space for instance, watching out for the new regulations, stipulations and compliance requirements from the federal agencies.
- Partners – Distributors, Integrators, channel partners and those selling complementary products
- Suppliers to your company
- Competitors, more so if the system you are building could invite a competitor reaction, or if you are building a system before the competition gets to it
During the execution of the project, keep identifying newer ones; keep revising your understanding of the stakeholders and their needs. Keep communicating with them pro-actively.