Explain Influence-Impact Grid techniques used for Stakeholder Analysis?
One of the important stakeholder analysis technique is influence-impact grid.
- Like the Power Versus Interest grid, an influence versus impact grid can be plotted.
- Influence is how actively a stakeholder is involved or, the extent to which a stakeholder can persuade/force others in decision making. Impact is the ability to bring a change or result by the stakeholder.
- Helps to prioritize stakeholders
- The stakeholders in the bottom right corner of the grid have low power but high interest. PM needs to keep them informed about the progress and changes. These stakeholders can be allies on project and help prevent issues.
- The stakeholders in the bottom left corner of the grid have low power and low interest. PM needs to keep an eye on them and monitor their interest levels. Engage them with generic communication methods that need less effort with less detail and frequency.