Stakeholder analysis is a required activity of any project engagement. According to Wikipedia, stakeholder analysis is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the action and the impact the action will have on them. A RACI categorization is often used for clarifying what stakeholder's roles and responsibilities are in a context of a specific task or process.
RACI is an acronym that stands for Responsible, Accountable, Consulted, and Informed. The RACI categorization provides clarification of responsibilities that each party plays in relation with activities that are needed to be performed and decisions that have to be accomplished.
Responsible: Does the work to achieve the task
Accountable: Has authority to approve or disapprove the result
Consulted: Possesses needed input to the task
Informed: Needs to be informed of the result
Responsibility charting in a RACI matrix is straightforward:
A RACI matrix is often used for a quick visual analysis of responsibility assignment by simply navigating the matrix horizontally and vertically. Navigating the rows of activities one can ensure that there is at least one accountable and one responsible party for each activity. Navigating the column of stakeholders, one can identify the responsibility of each party with respect to the identified activities. Once the RACI matrix is completed, a good practice is to distribute it to all stakeholders, and potentially, to the entire organizations.