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Power/interest grid

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Competitive Strategy

Definition

The power/interest grid is a strategic tool used to categorize stakeholders based on their level of power and interest in a project or organization. This grid helps in determining the most effective way to engage and manage different stakeholders by visualizing their influence and concern, ensuring that communication and resources are allocated appropriately to keep stakeholders informed and satisfied.

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5 Must Know Facts For Your Next Test

  1. The power/interest grid is typically divided into four quadrants: High Power/High Interest, High Power/Low Interest, Low Power/High Interest, and Low Power/Low Interest.
  2. Stakeholders in the High Power/High Interest quadrant require regular engagement and communication to ensure their needs are met and they remain supportive of the project.
  3. Those in the High Power/Low Interest quadrant should be kept satisfied with minimal effort to prevent them from becoming obstacles to the project's success.
  4. Low Power/High Interest stakeholders should be informed and engaged adequately to maintain their support, as they can become advocates if motivated.
  5. Stakeholders categorized in the Low Power/Low Interest quadrant require minimal management, but it’s still essential to keep them informed to avoid any potential issues.

Review Questions

  • How does the power/interest grid assist in stakeholder prioritization during project management?
    • The power/interest grid provides a visual framework for prioritizing stakeholders based on their influence and concern regarding a project. By categorizing stakeholders into quadrants, project managers can identify which groups require more attention and engagement. This ensures that resources are allocated efficiently, focusing on high-power stakeholders who can significantly impact project outcomes while also keeping less influential groups informed.
  • Discuss the implications of placing a stakeholder in the High Power/Low Interest quadrant of the power/interest grid.
    • Placing a stakeholder in the High Power/Low Interest quadrant indicates that while they have significant influence, they may not be directly invested in the project's details. This requires a strategy of keeping them satisfied without overwhelming them with information. If neglected, these stakeholders could become disengaged or adversarial, potentially jeopardizing project success. Therefore, maintaining a positive relationship is crucial through occasional updates tailored to their interests.
  • Evaluate how effective stakeholder engagement can alter the initial categorization within the power/interest grid over time.
    • Effective stakeholder engagement can significantly change how stakeholders are viewed within the power/interest grid by increasing their interest or shifting their perception of power dynamics. For instance, through active involvement and communication, a previously low-power stakeholder might become more influential as they gain expertise or support from others. Similarly, engaging high-power stakeholders regularly can enhance their interest in a project, ensuring they remain positively aligned with its goals. This dynamic nature of stakeholder influence highlights the importance of continuous assessment and adaptation of engagement strategies.
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