What is Stakeholder Analysis – Part 3 (#3 in the series What is Stakeholder Analysis?)
By S. Babou
This topic is continuation of earlier posts What is Stakeholder Analysis and What is Stakeholder Analysis – Part 2.
In this final post we discuss the three essential steps in stakeholder analysis in detail. Following are the vital steps in any stakeholder analysis:
Stakeholder identification and documenting their interests (+ve or -ve) in the project
This is the first step in stakeholder analysis. In Stakeholder identification process, project manager with the help of project management team need to identify all individual or organizations impacted by the project, and documenting their interests. Read the Complete Article
What is Stakeholder Analysis? – Part 2 (#2 in the series What is Stakeholder Analysis?)
By S. Babou
In an earlier artile, we reviewed few basics on Stakeholder Analysis. In this article, let us review few more important information.
Whatever method is for stakeholder management used, following are essential steps for stakeholder analysis:
- Stakeholder identification and documenting their interests (+ve or -ve) in the project
- Assessing the power of, importance of & level of impact upon each stakeholder
- Identifying how best to engage stakeholders in the project by analyzing their reactions or response in different situations.
There are multiple category of models available, some of them:
- Power/Interest grid
- Power/Influence grid
- Influence/Impact grid
Power/Interest grid is widely used tool in stakeholder analysis & it is used in assessing stakeholders (step 2). In this model, each stakeholder is mapped to different quadrant based on their interest on the project against the influence (power) they have over the project. Read the Complete Article