1.0 Stakeholder Analysis
A stakeholder can be referred to as any individual or entity whose interest lies in a given business. Their interest is also determined in the amount of profit the business makes. A situation in real life whereby the stakeholder’s power and interest grid would be regarded as a useful tool is in a scenario where a company seeks to expand. This is based on the fact that different stakeholders have diverse interests on the expansion and varying powers to implement it.
2.0 Importance of the Grid
The grid allows the project manager to identify the stakeholders expectation so as to match performance with those anticipations
It also helps to identify the type of information that will be conveyed to each of the stakeholders
It also helps to determine other types of stakeholders who may be interested in the project (Friedrichsen, Brandstatt and Brunekreeft 268)
3.0 Stakeholder’s Grid
3.0 Next Step
Having prepared the grid, it is important for a project manager to make a comprehensive plan on how each of these stakeholders will be addressed. This plan will outline the time, tools, and the areas of discussion. This will help to have a specific strategy to satisfy the needs and interest of each category.
Works Cited
Friedrichsen, Nele, Christine Brandstätt, and Gert Brunekreeft. "The Need For More Flexibility In The Regulation Of Smart Grids - Stakeholder Involvement." International Economics & Economic Policy 11.1/2 (2014): 261-275. Business Source Complete. Web. 16 Apr. 2016.
