What is stakeholder analysis and Power-Interest Grid used for?
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What is stakeholder analysis and Power-Interest Grid used for?
Answer
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Stakeholder analysis involves preparing a list of all the potential stakeholders who will be associated with the project in some way or the other. A power-interest grid is used for categorizing stakeholders and prioritizing them based on significance and impact.Stakeholder analysis and power-interest grid help in prioritizing the positions of the stakeholders in the project for developing relevant stakeholder engagement strategies for different groups.