Stakeholder Management Strategy

The stakeholder management strategy defines an approach to increase the support and minimize negative impacts of stakeholders throughout the entire project life cycle. It includes elements such as:

• Key stakeholders who can significantly impact the projcct,

• Level of participation in the project desired for each identified stakeholder, and

• Stakeholder groups and their management (as groups).

A common way of representing the stakeholder management strategy is a stakeholder analysis matrix. An example of a blank matrix with column headers is provided in Figure 10-3.

Stakeholder

Stakeholder Interest(s) In the Project

Assessment of Impact

Potential Strategies for Gaining Support or Reducing Obstacles

Figure 10-3. Sample Stakeholder Analysis Matrix

Figure 10-3. Sample Stakeholder Analysis Matrix

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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