Which knowledge area focuses on preparing, conducting, and managing interactions with stakeholders?

The knowledge area that focuses on preparing, conducting, and managing interactions with stakeholders is Elicitation and Collaboration. This area is critical for business analysts as it emphasizes the processes required to gather information from stakeholders and ensure their input is effectively integrated into the requirements.

Elicitation involves not just the collection of requirements but also understanding the needs, motivations, and expectations of stakeholders. It encompasses various techniques and methods to engage with stakeholders, ensuring that their perspectives are considered. Collaboration is equally important as it refers to the ongoing partnership between the business analyst and stakeholders, facilitating communication and feedback throughout the project lifecycle.

By effectively managing these interactions, business analysts can clarify ambiguities, address concerns, and foster a shared understanding, ultimately leading to more successful outcomes. This knowledge area highlights the importance of interpersonal skills and communication in the role of a business analyst.