Business Studies, asked by manavpatel44, 2 months ago

which quadrant receives the most careful yet frequent communication?

Answers

Answered by rohanbind659

Answer:

Where stakeholder

management is carried out using the grid below state the meaning of each of the

axis ?

Power

Interest

Power is the influence that a stakeholder has

over the outcome of the project. The stakeholders power may come from within

the organisation or from external factors. Examples of high degree internal

stakeholder would be the sponsor or high degree external stakeholders maybe the

government. This will be influenced by the context in which your project is

working within established through the PESTLE technique.

The interest axis describes the degree to which the project

needs to be sold to the stakeholder and perceived benefits for them. An example

role would be the users.

Within each of the

four quadrants labelled A, B, C, D

Explain the potential

implications of the of stakeholders actions on the project

Explain the project

managers approach to managing the stakeholder

Answered by Banjeet1141

Answer:

High Power and low interest is the correct answer.

Explanation:

Stakeholder Management is an essential discipline that successful people use to win support from others. It helps them to ensure that their projects succeed where others' projects fail. Stakeholder Analysis is the technique or method used to identify the key people who have to be won over. Stakeholder Planning is used to build the support which helps you succeed.

The benefits of using a stakeholder-based approach or strategy are that:-

The opinions of the most powerful stakeholders are used to shape your projects at an early stage, their input can also improve the quality of your project.

Gaining support from powerful stakeholders can help to win more resources – this makes it more likely that the projects will be successful.

Communicating with stakeholders early and frequently can ensure that they fully understand what you are doing and understand the benefits of your project – this means they can support you actively when necessary.

There are four Quadrants. They are-

High power - High interest: these are the stakeholders who are decision makers and have the biggest impact on the project's success hence you must closely manage their expectations.

High power - Low Interest: these are the stakeholder needed to be kept in the loop, these stakeholders need to be kept satisfied even though they aren’t interested because they yield power. These types of stakeholders should be dealt with cautiously as well since they use their power in a not desired manner in the project if they become unsatisfied.

Low Power – High interest: In these the stakeholder keep these people adequately informed, and talk to them to ensure that no major issues are arising. These people can often be helpful with the detail of your project.