It’s very important to satisfy your stakeholders. Without their support, project may go for a stake. There cannot be a single pill for all problems likewise you cannot have a standard strategy for managing all your stakeholders. The strategy has to be customized based on their interest, Influence & power towards the project.
Referring to the above matrix, let us review each of the quadrants
High Interest & Low Power – Example an interested team member. The team member, interested in the project but do not have power to influence any part of the project. Such stakeholders should be “Keep Informed”. If you ignore them, their interest in the project goes down as they do not see that you value them and their cooperation for the project goes down. Hence, keep them informed of what is happening in and around the project and consult them on interest areas.
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