Stakeholder Analysis Grid
The Stakeholder Analysis Grid provides helpful assistance when stakeholders must be found for a project. The matrix guides the user to which stakeholders would be most beneficial for the user to choose. Stakeholders that exhibit a high level of interest in the project as well as carrying a high influence would be the most desirable, while those that are only slightly interested and carry a low influence should not be chosen.
At a very high level, the Stakeholder Analysis Grid is used in the context of business, project management.
What is the Stakeholder Analysis Grid?
A visual explanation is shown in the image above. The Stakeholder Analysis Grid can be described as a matrix with the following quadrants:
- High Power/Low Interest: Contains the stakeholders that have a high influence/power, but have low interest in the project.
- High Power/High Interest: Contains the stakeholders that have a high influence/power, and have a high interest in the project.
- Low Power/Low Interest: Contains the stakeholders that have little influence/power, and have a low interest in the project.
- Low Power/High Interest: Contains the stakeholders that have little influence/power, but have a high interest in the project.
What is the purpose of the Stakeholder Analysis Grid?
When you're dealing with several stakeholders who are interested in a project or enterprise, it is always best to list your options and analyze which decision would be most profitable. The Stakeholder Analysis Grid provides a clean, efficient method of organizing and determining which stakeholders should be accepted, considered, convinced, or denied. It thrives on two principles: the amount of influence or power the stakeholder possesses, and the stakeholder's level of interest in your project or enterprise. It is generally good for an individual to take interest in something they might become involved in, and for that person to have made a name for himself (have a high influence) in the area of interest. Here are the guidelines for four situations. The stakeholders with high influence and low interest are those that should be convinced to become involved. You should work to satisfy their needs and rectify any concerns. The stakeholders that are of a high influence as well as high interest are the first that you should invite to join your endeavor. You should not spend time worrying about stakeholders that are of a low influence and have a low level of interest. Lastly, the stakeholders that are of a low influence yet high interest should be considered. These may not be your first choice, but they could be somewhat valuable. Try the Stakeholder Analysis Grid today!
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What templates are related to Stakeholder Analysis Grid?
The following templates are categorized as business, project management and are therefore related to Stakeholder Analysis Grid: Gap Analysis Matrix, Kraljic Matrix, Outsourcing Matrix, PICK Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix, TOWS Analysis Matrix. You can browse them using the menu above.
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