Stakeholder analysis is more than just keeping a list. Identifying stakeholders is an art until itself. Analyzing stakeholders involve understanding what makes them different from other stakeholders, and keeping track of all these nuances is important to managing them effectively.
Is is important to model the statuses that objects in a solution can have, and the rules that govern how the object transitions through status values. It can all get very confusing. State Transition modeling can help keep that clear, and ensure that all stakeholders have a common understanding.