This Stakeholder Analysis Example describes the process of identifying these people before the project starts, grouping them according to their levels of participation and influence in the project, and identifying how to best involve and communicate with each stakeholder group throughout the project. Stakeholder analysis can be conducted by project managers, program managers, and product managers for various strategic reasons. As demonstrated in this Stakeholder Analysis Example, stakeholder analysis exercises will differ depending on the company, industry, and team conducting them. However, some steps are common to most of these types of analyses. When starting any complex company project, running a stakeholder analysis can be strategically beneficial.