stakeholder mapping what is stakeholder mapping | Candider
stakeholder mapping what is stakeholder mapping
24th Jan 2020 10:35 pm
Education expert
Following results are obtained by our Internet Research Algorithm:   A stakeholder is a person or any organization, social group, or society that has a stake in the business. Thus, stakeholders can be internal or external to the business.   Now Stakeholder mapping can be defined as the process of finding the key stakeholders relating to a project. This process involves identifying all individuals who have an interest in the project outcome. Once all the project stakeholders are identified, then the project manager must map or categorize them according to different levels of their engagement. The mapping of the stakeholder is done according to the following two levels.   1. On the basis of the level of interest. 2. On the basis of level of influence.   By level of influence, it means stakeholders now have power in setting and modifying project requirements. Whereas, level of interest means that stakeholders are affected by the project outcome, but they don't have any power to influence project requirements. The mapping of shareholders is a visual exercise. You can manually map the stakeholders or can use software to perform the action. Once you have fully mapped the stakeholders, you need to create an action plan on how to engage with them.
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