Welcome back to another post about project management tools: Stakeholder Matrix
Our last 2 posts were focused on different matrix- procurement matrix and risk matrix.
Have a look at the posts if you missed out on them- they´re worth it! This weeks post will also discuss a matrix.
Do you know what a stakeholder matrix is?
The Stakeholder Matrix is a tool used to analyse project stakeholders and determine what actions are needed to align their goals with those of the project.
If you would like to know more about stakeholders you can check out our previous post on stakeholders in the glossary of terms series.
To find out more about the stakeholder matrix you can check here https://pmi-valencia.org/gestion-interesados/
Stakeholder refers to any person, group, or entity that has an interest in or is affected by the decisions, actions, or outcomes of a project, organization, or company. Stakeholders may include:
- Employees
- Customers
- Suppliers
- Shareholders
- Governments
- Local communities
- Any other relevant group depending on the context.
For example, in an educational project like InCrea+, stakeholders could include teachers, students, parents, educational institutions, and funders such as the European Commission.
Advantages
- It facilitates decision-making on how to manage each group.
- It improves communication with key stakeholders.
- It identifies potential risks associated with influential stakeholders.
