Stakeholder power analysis is an organised approach to this. Jujagiri, and adlbrecht 2010 conducted a meta analysis study on stakeholder theory in project management discipline. Stakeholder analysis power interest grid or pi grid why is it so powerful. A common way to plot stakeholder is by power on the y axis and interest on the x axis. The role of stakeholder based management in project success.
Prioritise your stakeholders a power interest grid can be used to map the level of interest different stakeholders have in the operations of your organisation and their power to affect or be affected by it. The position that you allocate to a stakeholder on the grid shows you the actions you need to take with them. Power interest grid for stakeholder prioritization for instructions about stakeholder analysis. You can also make a new resume with our online resume builder which is free and easy to use. Stakeholder analysis sa is a methodology used to facilitate institutional and policy. Power interest grid diagramhow to use the tool stakeholder analysis and stakeholder management. This is the template power interest grid for stakeholder analysis. Power interest grid for stakeholder analysis block diagram. Stakeholder analysis grid high influence, less interested. A type of stakeholder mapping is the power interest matrix. This step by step guide shows the best way to analyse stakeholders by influence or power and interest.
When you plot your stakeholders on a power interest grid, you can determine who has high or low power to affect your project, and who has high or low interest. 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. Use stakeholder analysis to identify and understand people with influence over your project. You can then identify what kind of action you should take with them. Stakeholder power interest matrix represents matrix with two dimensions stakeholder s power and stakeholder s interests. What level of power do they have how important is it that theyre happy with the projects progress and results. Download and create your own document with power interest grid for stakeholder analysis 32kb 1 pages for free. Meticulous stakeholder analysis and a careful communication. There are many versions of the stakeholder matrix or quadrant.
Power interest grid for stakeholder analysis editable. Eden and ackermann 1998 cited in bryson, john 2004. Stakeholder analysis is the technique used to identify the key people who have. The number of interviews is determined by the research team.
The stakeholder analysis, also known as power interest matrix, is an effective process to ensure the success of your projects. The power interest grid is a simple tool that helps you categorize project stakeholders with increasing power and interest in the project. You can use the grid below to organize stakeholders accord. Stakeholder management is critical to the success of every project in every organization i have ever worked with. It allows these people to be grouped according to their influence, participation, and interest so that you can involve them and communicate for.
In addition to a stakeholders power and interest, a third dimension of attitude is developed. Stakeholder analysis, as one approach to conducting policy analysis, was adapted from the organizational and management literature in the 1970s and 1980s, drawing on the earlier work of policy scientists who were concerned with the distribution of power and the role of interest groups in the decisionmaking and policy process. Stakeholder matrix key matrices for stakeholder analysis. The stakeholder matrix is simple, but very effective tool for analysing stakeholders.
Stakeholder analysis is the first stage of this, where you identify and start to understand your most important stakeholders. It helps you decide which stakeholders to invest most of your time and effort in. Example of powerinterest grid for stakeholder prioritization. The position of the stakeholders on the matrix shows you the actions you have to take with them. Stakeholder analysis stakeholder power and interest. For more forms or templates, please view stakeholder analysis template on. Excuse the pun the power interest grid is one of the best ways to understand who your stakeholders are and how much influencing you need to do towards them. Stakeholder power analysis is particularly useful for assisting in decisionmaking situations where. This tool helps you focus on the key stakeholders who can make or break your project. A common stakeholder management tool is the stakeholder analysis grid. An overview of the power interest grid for stakeholder. The following example tables matrix formats can be adapted to include different or. Winning support for your project this power interest grid is a useful tool when prioritizing the level of interest and power of your stakeholders, allowing you determine the type of action you need to take with them. A template that can be used by libreoffice online, openoffice, microsoft office suite word, excel, powerpoint or office 365.
To identify conflicts of interest to identify stakeholder relations that can enhance cooperation, support and. Fundamental to stakeholder thinking is that the interests. Stakeholder analysis project management skills from. Stakeholders are the people who matter to a system. The power interest grid for stakeholder prioritization, also known as a power interest matrix, is a critical tool. Stakeholder analysis sa is a methodology used to facilitate institutional and.
Stakeholder analysis the powerinterest grid whether you are working on a project, leading a team or trying to get a new idea past the board you will need to work with stakeholders. Stakeholder analysis in conflict resolution, project management, and business administration, is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the action and the impact the action will have on them. This article analysis first part of results of authors research devoted to the. It is an approach for understanding a system by identifying the key actors or stakeholders in the system, and assessing their respective interests in, or influence on, that system. This will help you to decide where you need to invest your stakeholder. It explains how to analyse stakeholders by power influence versus interest. A stakeholder analysis is a process of identifying these people before the project begins. Read this introduction to 6 of the key matrices you can use for mapping your stakeholders. Stakeholder analysis is a key part of stakeholder management. This technique takes the analysis in the power versus interest grid to. Stakeholder management is a key skill of the modern day manager and is used to get people on board with your ideas. This video shows how to conduct a stakeholder analysis.
This involves plotting stakeholders on a graph in terms of their influence over the project and their interest in the project. Power to control what decisions are made extent to which individuals, groups and. Stakeholder analysis project management skills from mindtools. Investigate stakeholders interests, characteristics and circumstances. People with high power need to be kept satisfied, while people with high interest need to be kept informed. The other two quadrants highlight stakeholders that need to be kept satisfied high power, low interest and those that need to be kept informed high interest, low power. Stakeholder mapping tool influence 15 business areas. The powerinterest matrix is a useful tool for evaluation the expectations and the. A stakeholder analysis is a visual representation of the relevance of each stakeholder on a project. In a stakeholder analysis, impact or power of a stakeholder is defined as the. This matrix helps you visualize the two most important parts of a stakeholder s involvement. Please feel free to copy this sheet for your own use and to share with friends, coworkers or team members, just as. Today, all players in business face the interest and the impact of different people. By identifying key stakeholders, their interests, behaviours, interactions, and relative power to affect change, stakeholder analysis can help to assess some of the drivers of, and barriers to.
Pdf stakeholders are all internal or external actors, social and economic partners of a company. Stakeholder analysis identifies the individuals, groups, or organizations that have an impact on, or who can impact a project. Analysing your stakeholders is crucial to the success of your business or project. This matrix is used for manager decisions making and analyzing of stakeholder community. Prioritize stakeholders according to those who have the power and can influence your intervention and those who have an interest in your intervention see figure 1 below figure 1. The power interest grid, as shown to the right, helps to.
Stakeholders are those who have a vested interest in an organization and it often includes clients, employees, customers, and vendors. If you need to create a power interest grid for stakeholder analysis document, be sure to do it with due care. When a stakeholder has both, make sure you manage her expectations very closely. Stakeholder analysis and mapping stakeholder management is. When it comes to any organizational project, all of the internal people and teams who the project will involve or affect are called its stakeholders. A stakeholder analysis can be represented with a visual map, and is often presented as a grid or matrix that measures power and interest.
Stakeholder analysis is a systematic way to analyse stakeholders by their power and interest. What is mendelows matrix and why is it useful for marketers. Based on the power interest matrix stakeholders are divided into four groups crowd, subjects, key players and context. This stakeholder map classifies stakeholders in relation to the power that they hold and the extent to which they are likely to show interest in the strategies of the organization. It takes into account the power and interest of each person involved in a given project to identify the best strategies to satisfy everyone. Stakeholder identification and analysis techniques. Download power interest grid for stakeholder analysis. This will help you to decide where you need to invest your stakeholder management efforts. A powerinterest grid can be used to map the level of interest different stakeholders have in the. Use pdf export for high quality prints and svg export for large sharp images or embed your diagrams anywhere with the creately viewer. Map out your stakeholders on a powerinterest grid as shown in figure 1, and. Download stakeholder analysis template for free formtemplate. Free power interest grid for stakeholder analysis doc.
Free download power interest grid for stakeholder analysis doc, 61kb and customize with our editable templates, waivers and forms for your needs. The next step is to prioritize them by power and interest, and to plot this on a power interest grid. Please feel free to copy this sheet for your own use and to share with friends, coworkers or team members, just as long as you do not change it in any way. A simple 2by2 matrix can help you divide stakeholders into those who have high power and interest, high power and low interest, low power and high interest, and low power and low interest. Read more on salience model to analyze project stakeholders pm study circle. The first stage of this is to brainstorm who your stakeholders are. A stakeholder analysis of an issue consists of weighing and balancing all of the competing demands on a firm by each of those who have a claim on it, in order to arrive at the firms obligation in a particular case. Formtemplate offers you hundreds of resume templates that you can choose the one that suits your work experience and sense of design.
Your dedication and professional attitude will show in the finest details of power interest grid for stakeholder analysis developed by you. Popular stakeholder analysis methodologies power interest grid. In this article, well walk through an example of using the power interest grid for stakeholder prioritization and look at some key points when using this helpful project management tool. Power interest grid for stakeholder analysis download. Stakeholder analysis how to analyse your stakeholders. The power interest grid helps you to identify your key stakeholders by answering two key questions that help you to group them into one of four categories.