The Project Revolution: How to Succeed in a Project-Driven World (The Project Economy) by Nieto-Rodriguez Antonio

The Project Revolution: How to Succeed in a Project-Driven World (The Project Economy) by Nieto-Rodriguez Antonio

Author:Nieto-Rodriguez, Antonio [Nieto-Rodriguez, Antonio]
Language: eng
Format: epub
Published: 2020-06-15T16:00:00+00:00


Tools to use

Stakeholder analysis matrix: This matrix is the most frequently used for weighing and balancing the interests of those who are impacted by or involved in the changes a project will bring about. Whenever possible, address their needs to meet the project’s objectives. As opposed to the risk appraisal, which should be carried out with a larger group, stakeholder analysis should be performed in a smaller group, as some of the discussions can be quite sensitive.

The initial assessment is usually performed during the preparation phase by the project leader with the project sponsor. After the major stakeholders have been identified, each one is categorized according to two dimensions. The first is the level of interest (positive or negative) in the project or its outcome. The second is the level of influence (positive or negative) that the stakeholder could have on the project. Usually this dimension is linked to the power of the individual or group in the organization. The third is using the colour coding RAG (red, amber and green) to indicate the stakeholder’s current position towards the project.

The analysis can be done on a regular basis to track the changes in stakeholders’ attitudes over time. Figure 13 is an example of a stakeholder matrix that you can use as a basis to identify and address the stakeholders impacted by and involved in your project.



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