Stakeholder Analysis
Stakeholder analysis is a technique for systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project.
Explanation
Stakeholder analysis typically involves identifying all potential stakeholders, analyzing their potential impact or support, and assessing how key stakeholders are likely to react in various situations. This analysis helps the project manager develop appropriate strategies for engaging each stakeholder effectively.
Common models used during stakeholder analysis include the power/interest grid, power/influence grid, influence/impact grid, and the salience model. These models help prioritize stakeholders and determine the level of engagement required. The analysis may also consider direction of influence (upward, downward, outward, sideward).
The results of stakeholder analysis feed directly into the stakeholder register and inform the stakeholder engagement plan. The analysis should be revisited as the project progresses because stakeholder attitudes and influence levels can shift across project phases.
Key Points
- •Uses models like power/interest grid, salience model, and influence/impact grid
- •Helps prioritize stakeholders and determine engagement strategies
- •Results are documented in the stakeholder register
- •Should be revisited as stakeholder dynamics change over time
Exam Tip
Expect questions asking which analysis model is most appropriate for a given scenario. Know the differences between power/interest, power/influence, and salience models.
Frequently Asked Questions
Related Topics
Identify Stakeholders
Identify Stakeholders is the process of regularly identifying project stakeholders and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.
Power/Interest Grid
The power/interest grid is a stakeholder classification model that groups stakeholders based on their level of authority (power) and their level of concern (interest) regarding project outcomes.
Salience Model
The salience model classifies stakeholders based on three attributes: their power (ability to impose their will), legitimacy (appropriateness of their involvement), and urgency (need for immediate attention).
Stakeholder Mapping
Stakeholder mapping is the visual representation of stakeholder relationships, influence, interest, or other attributes using grids, matrices, or diagrams to support analysis and engagement planning.
Test your knowledge
Practice scenario-based questions on this topic with detailed explanations.