This success would in turn impact the bottom line of the organization. They have a high political interest and are powerful enough to either stop work completely or to move mountains to make your project a success. Is it positive or negative?
By using this matrix, you can determine which stakeholders to manage closely and which stakeholders to put minimum effort in. What do stakeholders expect from the project and how do they benefit?
Are there relationship conflicts between stakeholders that can hinder the project? Adding influence to the Stakeholder Analysis Adding influence lines to the Power and Interest matrix lends a subtlety and depth to your analysis by revealing the importance of stakeholders within each box in the matrix.
You may want to include her in the Monitor quadrant. You can move your stakeholders around, or change their color, depending on what your analysis reveals. The technique is taken from Eden and Ackermann Putting it all together - stakeholder analysis example. Is it based on good information?
So, be sure to identify the correct individual stakeholders within a stakeholder organization. Some of these stakeholders are more critical than others. Do these people become stakeholders in their own right?The Power-Interest Matrix is a technique used to analyse stakeholders in a change program according to (as the name suggests) their level of interest in the proposed changes, and their power to influence those changes.
This Power vs. Interest Matrix template—developed with Microsoft Excel and little bit of Visual Basic for Applications (VBA)—is the ideal tool for stakeholder analysis.
Fill the fields with your stakeholders name, give a number between 1,0 to 10,0 to power and interest, classify the engagement. The Power/Interest Grid, which is also known as the Power/Interest Matrix, is a simple tool that helps you categorize project stakeholders with increasing power and interest in the project.
This tool helps you focus on the key stakeholders who can make or. Stakeholder Analysis is the first stage of this, where you identify and start to understand your most important stakeholders.
The first stage of this is to brainstorm who your stakeholders are. The next step is to prioritize them by power and interest, and to plot this on a Power/Interest grid. If a business analyst wants to determine impact that stakeholders have on his project, the stakeholder power/interest analysis can help in this.
It can also help selecting the proper communication approach for each stakeholder group. Stakeholder Analysis is a systematic way to analyse stakeholders by their power and interest. High power, high interest stakeholders are Key Players. Low power and low interest stakeholders are least important.