You are the project manager for BlueWell Inc.
Your current project is a high priority and high profile project within your organization.
You want to identify the project stakeholders that will have the most power in relation to their interest on your project.
This will help you plan for project risks, stakeholder management, and ongoing communication with the key stakeholders in your project.
In this process of stakeholder analysis, what type of a grid or model should you create based on these conditions?
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A. B. C. D.A.
The power/interest grid groups stakeholders based on their level of authority (power) and their level of interest in your project.
The power/interest grid forms a group of the stakeholders based on their level of authority (power) and their level of interest in the project.
Interest accounts to what degree the stakeholders are affected by examining the project or policy change, and to what degree of interest or concern they have about it.
Power accounts for the influence the stakeholders have over the project or policy, and to what degree they can help to accomplish, or block, the preferred change.
Stakeholders, who have high power and interests associated with the project, are the people or organizations that are fully engaged with the project.
When trying to generate strategic change, this community is the target of any operation.
Incorrect Answers: B: The stakeholder register is a listing of stakeholder information and communication requirements.
C: The influence/impact grid charts is based on the stakeholder's involvement and ability to effect changes to the project's planning and execution.
D: The salience model groups the stakeholders based on their power, urgency, and legitimacy in the project.
In the process of stakeholder analysis, a stakeholder grid or model is created to identify the project stakeholders who have the most power in relation to their interest in the project. The grid helps the project manager plan for project risks, stakeholder management, and ongoing communication with key stakeholders.
Out of the four options provided, the type of grid or model that should be created in this scenario is the Stakeholder power/interest grid, also known as the power/interest matrix.
The Stakeholder power/interest grid is a two-dimensional matrix that plots stakeholders based on their level of power and interest in the project. Power refers to the ability of the stakeholder to influence the project, while interest refers to the level of concern or involvement the stakeholder has in the project. The grid helps identify the stakeholders who have the highest level of power and interest, who should receive the most attention and communication from the project team.
The grid is typically divided into four quadrants:
High Power/High Interest: These stakeholders have a significant level of power and interest in the project. They are the key stakeholders who can make or break the project, and they require the most attention and communication from the project team.
High Power/Low Interest: These stakeholders have a significant level of power but low interest in the project. They may need to be kept informed, but they are less likely to be actively involved in the project.
Low Power/High Interest: These stakeholders have a high level of interest but little power to influence the project. They may require some attention and communication from the project team, but they are not critical to the success of the project.
Low Power/Low Interest: These stakeholders have little power and little interest in the project. They may be kept informed, but they are unlikely to have a significant impact on the project.
In summary, when faced with a high priority and high profile project, project managers should use a Stakeholder power/interest grid to identify the project stakeholders who have the most power in relation to their interest in the project. This helps the project manager plan for project risks, stakeholder management, and ongoing communication with key stakeholders.