Final answer:
The most appropriate tool to document needs of stakeholders and organizational compliance objectives in a software development project is the Stakeholder Requirements Traceability Matrix (SRTM).
Step-by-step explanation:
To formally document the needs of the various stakeholders and the associated organizational compliance objectives supported by a software development project, the most appropriate tool to use would be a Stakeholder Requirements Traceability Matrix (SRTM). An SRTM is designed to ensure that each stakeholder requirement is clearly defined and can be traced throughout the project lifecycle. It helps ensure that all requirements are addressed in the final product and that they comply with the necessary organizational guidelines. The document links stakeholder needs to actual system requirements, enabling verification and validation that all needs have been met. Using an SRTM in the context of software development for an internally designed data analytics tool allows for a clear mapping of stakeholder scenarios, needs, and compliance requirements which is essential for project success.