What does stakeholder mapping involve?

Stakeholder mapping is a crucial technique used in project management and analysis. It focuses on identifying stakeholders and understanding their influence and interest concerning a specific project. This process involves creating a visual representation or matrix that categorizes stakeholders based on their level of power and their level of interest in the project's outcomes.

By knowing who the stakeholders are, as well as their potential impact on the project, analysts can prioritize communication and engagement strategies. Proper stakeholder mapping helps project managers anticipate challenges, mitigate risks, and leverage support from key players. This understanding directly contributes to more effective project planning and execution.

In contrast, the other options do not accurately represent stakeholder mapping. Simply calculating project budgets relates more to financial planning than to stakeholder analysis. Developing training programs pertains to capacity building and development rather than mapping stakeholder interests and influence. Assessing project limits based on stakeholder numbers doesn't capture the nuances of how stakeholders affect a project's trajectory and success.