What is Stakeholder Analysis Template?
A Stakeholder Analysis Template is a tool used in project management and organizational development to identify, analyze, and prioritize stakeholders who have an interest or impact on a specific project or initiative. The template helps to categorize stakeholders based on their level of interest and influence, which enables project managers and decision-makers to develop effective communication strategies and engagement plans.
A typical Stakeholder Analysis Template includes the following components:
Stakeholder Identification: A list of potential stakeholders who may be impacted by the project or initiative.
Stakeholder Classification: A categorization system to group stakeholders based on their level of interest and influence:
High Interest, High Influence (HI-HI): Key decision-makers with significant interest and influence.
Low Interest, High Influence (LI-HI): Stakeholders who may not have a direct interest but can still exert significant influence.
High Interest, Low Influence (HI-LI): Stakeholders with significant interest but limited influence.
Low Interest, Low Influence (LI-LI): Stakeholders with minimal interest and influence.
Stakeholder Analysis: A table or matrix to analyze each stakeholder's characteristics, including:
Name and title
Level of interest in the project/ initiative
Level of influence on the project/initiative
Expectations from the project/initiative
Concerns or issues related to the project/initiative
Prioritization: A process to prioritize stakeholders based on their level of interest and influence, as well as the potential impact on the project's success.
Communication Plan: A strategy for engaging with each stakeholder group, including communication channels, frequency, and content.
Example of a Stakeholder Analysis Template:
Stakeholder | Interest Level | Influence Level | Expectations | Concerns |
— | — | — | — | — |
Project Sponsor | High | High | Clear project goals | Timely progress updates |
Team Members | High | Medium | Clarity on roles and responsibilities | Feedback on performance |
Customers | High | Low | Quality products/services | Competitive pricing |
Suppliers | Medium | Low | Reliable delivery schedules | Pricing negotiations |
By using a Stakeholder Analysis Template, organizations can:
Identify key stakeholders and their interests
Develop targeted communication strategies to engage with each stakeholder group
Prioritize resources and efforts based on the level of interest and influence
Build stronger relationships with important stakeholders
This template is a valuable tool for project managers, business analysts, and organizational development professionals to ensure that stakeholder needs are considered throughout the project lifecycle.