Once we begin to capture stakeholders in our stakeholder registry we need a way of analyzing and classifying them. The goal is to understand each stakeholder and then tailor our interactions with them according to their desires and influence. A good registry will have entry fields for two of the most important analysis factors: level of power over you and the project (which is also sometimes known as Influence) and the level of interest the stakeholder has in the project. Both of these values are somewhat subjective, but nevertheless should be considered binary choices. I strongly suggest not overcomplicating this. While some project management experts believe in a more graduated approach, with varying levels of both power and influence, I’ve found that simply listing stakeholders as having high or low influence, and high or low interest is almost always sufficient. Then, once we have a stakeholder’s power and interest determined, we can plot these two factors together on a simple 2×2 grid, with interest spanning left to right, and influence rising bottom to top. Plotting a stakeholders influence and interest in this manner will help focus our attention and interactions with them in an appropriate manner:
1. You are managing a project for your organization. Linda Lahm the project sponsor has a great deal of authority regarding project decisions, but you recently discovered that she doesn’t have much interest in your project. To complete the project successfully, you need your project sponsor’s continuous support. What stakeholder management strategy should you use with your project sponsor? A. Keep the sponsor satisfied 2. The power/interest grid classification model for stakeholders’ analysis suggests: Select one: 3. You are developing management strategies to
effectively engage stakeholders throughout the project life cycle, based on the analysis of their needs, interests, and potential impact on project success. This is known as: Select one: 4. Classification of the engagement levels of stakeholders includes which of the following: (Choose three) 5. You have been working on a new project that will affect your entire organization of 2000 people. You and the project team know that you should create a stakeholder register for the stakeholders, but is it necessary to create 2000 entries in this register? Select one: A. Yes; all stakeholders should be identified.
Then go here to check your answer (use password “DaySpring” to view the answers and explanations): https://dayspringltd.com/solution-5-questions-on-stakeholders-engagement I am Shahid Reza. I am a PMP, PMI-ACP, CSM, SiSM, PRINCE2 Practitioner working in Project Management Arena for more than 15 years. I help organizations/individuals to manage projects effectively to deliver greater values. Progress made possible by better project managers and adopting project management best practices in this disruptive environment. I assist Organizations to develop customized project management methodology and adopting it in their operating environment. I also help project managers to become better project managers/leaders of the future. What is the purpose of a stakeholder power interest grid?The power/interest grid is a matrix used for categorising stakeholders during a change project to allow them to be effectively managed. Stakeholders are plotted on the grid in relation to the power and interest they have in respect of the project.
What are the classification models used for stakeholder analysis?The PMBOK Guide, 5th Edition identifies 4 models of stakeholder classification - Power/Interest Grid, Power/Influence Grid, Influence/Impact Grid, and Salience Model.
How would you use the power interest grid in your stakeholder management strategy?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. People with high power need to be kept satisfied, while people with high interest need to be kept informed.
When mapping stakeholders on a power interest grid which of the following best describes what high or low interest is?If the project has a significant direct impact on a person or organization, they are a high-interest stakeholder. If the project's impact is small or indirect for them, they are low-interest stakeholders.
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