What is one key step in completing a business requirement analysis?

Categorizing potential stakeholders is a key step in completing a business requirement analysis because it ensures that all relevant parties are identified and their needs and expectations are understood. Stakeholders can include anyone who has an interest in the project, such as customers, suppliers, internal team members, and management. By categorizing them, you can determine their influence, importance, and how their requirements may impact the overall business objectives. This understanding helps in aligning the project goals with stakeholder needs, facilitating communication, and ensuring that the right people are involved throughout the analysis and implementation process.

By contrast, finalizing supplier contracts is an activity that occurs later in the procurement process rather than during the analysis phase. Listing all available products might be part of a subsequent phase where options are explored but does not directly contribute to understanding business needs. Similarly, calculating forecasted sales is typically a financial analysis task and not specifically related to identifying and categorizing stakeholders' requirements. Overall, categorizing stakeholders is foundational to effectively understanding and addressing the business needs.