The ultimate goal when planning the stakeholder engagement for your business analysis activities is to make sure that you are engaging with all the relevant and impacted stakeholders or groups. This will ensure that you have comprehensive requirements or needs a definition for the future planned solution. 

This means that you should identify the stakeholders who are affected by the planned solution in both a direct and indirect way. It is important to continuously develop your stakeholder list as the project progresses so that you or the team don’t overlook anyone who may have valid and valuable requirements to contribute.

How you build your initial stakeholder list will differ between different organizations, projects, and methodologies. However, it is important to compile this list earlier rather than later in the project.