1.

What is a stakeholder analysis and Power-Interest Grid used for?

Answer»

Knowledge Area:Project Stakeholder Management 

We need to make an EXHAUSTIVE list of all stakeholders who will be somehow connected with the project. Once the list of stakeholders is PREPARED, there is a need to prioritize the stakeholders in TERMS of their SIGNIFICANCE in the project.

One of the practical and popular methods for analysing the stakeholders is analysing and assessing their level of power and interest in the project. The stakeholders are classified into different groups such as:

  1. How Power – High Interest,
  2. High Power – Low Interest,
  3. Low Power – High Interest and
  4. Low Power – Low Interest groups.

This helps in prioritizing their positions in the project, which in turn will be helpful in devising APPROPRIATE stakeholder engagement strategies for each group.

For more detailed understanding about stakeholder management, refer: Stakeholder Management


Discussion

No Comment Found

Related InterviewSolutions