Stakeholder Engagement Matrix
When an organisation takes up a project or makes certain decisions, there are parties (or stakeholder groups) that these actions will affect (positively or negatively), resulting in an interest in the development, implementation and outcomes.
Communicate with project stakeholders and align their goals with the project. The stakeholder engagement matrix is a project management tool used to analyze project stakeholders so as to determine the actions which are necessary to align their goals with the project.
A Stakeholder Engagement Matrix provides employees with a guide to the structure of engagement processes for stakeholder analysis, stakeholder level of influence, communication channels, engagement methods (including recommended online engagement tools), reporting, and legislative requirements based on project type and impact.
It also provides stakeholders with a concise roadmap of their level of influence and opportunities, based on project type and impact. An Engagement Matrix is a much more streamlined way of managing stakeholder communications and expectations, providing all interested parties with detailed information in an easily readable format.
Develop an organisation-wide Engagement Matrix, which enables internal criteria evaluation and consistency across the organisation. Over time, your stakeholders will be able to anticipate the level of engagement based on the nature of the project. When new team members come on board, they have a clear assessment tool available, reducing the administrative burden and enabling them to develop the communications and engagement strategy for their project within the organisation’s agreed framework.
Determine the risks and the opportunities of engagement for each project type. Establish an assessment criteria for each project type against metrics.
A well-developed Stakeholder Engagement Matrix provides your organisation with the flexibility necessary to easily adapt during the consultation process and throughout the entire project. Fluid and less-rigid approaches to engagement allow your company to be more reflective of your stakeholders and their level of influence and decision-making.
A Stakeholder Engagement Matrix allows for a mutually beneficial experience for all relevant stakeholders. Start small and build confidence with your stakeholders, celebrating those who are good contributors, and enables you to close the communication loop at each stage, by reporting back to the stakeholders and advising them of the outcomes.
The template has 4 slides to explain what stakeholder engagement matrix is and what it does
The first slide is composed of a stakeholder graph chart with 4 quadrants that you can use to talk about the stakeholder engagement strategy and how they measure in regard to the shareholder influence and interest. Use the subsequent slides to give more details about the assessment of your company’s shareholder engagement matrix.
This template will be primarily useful for project managers. You can use the template slides when preparing new project information for your team members. You can describe in detail the interests and influence on the project of all stakeholders. This will help the team to better understand the interrelationships between the various aspects of the project and to carry out the project with the greatest possible satisfaction of the clients’ interests.
This template will also be useful for heads of IT companies when preparing business processes in terms of project management. Team leaders and product owners can also use this template in weekly sprints when discussing changes to a client’s project.
The stakeholder engagement matrix template contains 100% customizable and editable content. With this feature, users can alter colors, size, and icons.
Used in project management and business administration. Ideal for project managers, HR professionals, business analysts, startups, entrepreneurs, company owners, etc.
Improve your company’s stakeholder engagement strategy and impress your audiences as you effectively convey your message with this stakeholder engagement matrix template for PowerPoint.