Question
The Stakeholder Analysis framework prioritizes participants and key players based on their influence and impact on the project. It identifies internal and external stakeholders and evaluates their interests, interdependencies, influence, and potential impact on project success. This analysis helps in understanding who has the most influence over the project's outcomes and who has the highest stakes. It's a strategic method for managing stakeholders' expectations and aligning them with the project's objectives.
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As opposed to internal stakeholders, external stakeholders are those who aren't directly involved with the organization, but their preferences and reactions to the organization's business decisions and trajectory can sometimes be very influential. On a macro level, this could be the government, as it has the capability to pass rules and regulations that directly affect the company, advocacy groups to promote or denounce the company, media organizations and how they portray the company, or social communities that are locally or internationally engaged.
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