Stakeholder analysis is important in business analysis because it helps to:
1) Identify the stakeholders likely to be affected by or influence the activities of the organisation
2) Assess how those stakeholders could be impacted or impact upon the organisation
3) Anticipate the consequences of any change in the organisation’s activities
4) Identify stakeholders’ ‘success criteria’
5) Assure a successful outcome for the organisation by developing co-operation with stakeholders

Stakeholder Analysis is a must needed technique. It is used to identify stakeholders & analyze their requirements. With this technique we can identify all key stakeholders who are responsible for various issues concerning the project.

Stakeholder Analysis process develops a strategic view of the People and Organizational landscape, and the relation between the different stakeholders and the issues they care about the most.