Power/Interest Grid
The Power/Interest Grid is a strategic tool used in stakeholder analysis to categorize stakeholders based on their level of authority ('power') and their level of concern ('interest') regarding the project outcomes. This grid helps business analysts and project managers to prioritize stakeholder engagement efforts effectively. Stakeholders are plotted on a two-dimensional grid: the vertical axis represents power, indicating the stakeholder's ability to influence the project's execution and outcomes; the horizontal axis represents interest, indicating the stakeholder's level of concern or involvement in the project's progress. The stakeholders are thus divided into four categories: 1. **High Power, High Interest**: These stakeholders are key players who should be closely managed. They can significantly impact the project and are highly invested in its success or failure. 2. **High Power, Low Interest**: These stakeholders need to be kept satisfied. While they have the ability to influence the project, they may not desire frequent updates. It's important to maintain their satisfaction to avoid negative influence. 3. **Low Power, High Interest**: These stakeholders should be kept informed. They are interested in the project but lack the power to influence it significantly. Regular communication ensures their support and can help in grassroots advocacy. 4. **Low Power, Low Interest**: These stakeholders require minimal effort. They have limited impact and minimal interest, but basic communication ensures transparency and avoids any unforeseen issues. By using the Power/Interest Grid, project teams can allocate resources and communication efforts efficiently, ensuring that key stakeholders are engaged appropriately. It helps in developing tailored engagement strategies that address the specific needs, expectations, and influence levels of different stakeholders. In essence, the Power/Interest Grid facilitates a focused approach to stakeholder management, enhancing the likelihood of project success by effectively managing stakeholder relationships based on their power and interest levels.
PMI-PBA - Stakeholder Analysis and Engagement Example Questions
Test your knowledge of Amazon Simple Storage Service (S3)
Question 1
In the Power/Interest Grid, what is the recommended strategy for stakeholders who have high power but low interest in the project?
Question 2
In a Power/Interest Grid, stakeholders in which quadrant are typically monitored through standard project updates and basic communication methods?
Question 3
What is the main purpose of using both 'Power' and 'Interest' dimensions in the stakeholder analysis grid?
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