How can we use Power/Influence Grid (Power/Influence Matrix) in Stakeholder Prioritization?

The Power/Influence Grid, which is also known as the Power/Influence Matrix in stakeholder management, is a simple tool that helps you categorize project stakeholders by the power and influence they have on the project. This tool is very similar to the Power/Interest grid. The Power/Influence grid helps you focus on the key project stakeholders who can make or break your project. In turn, this helps you in stakeholder prioritizations.

During the Stakeholder Analysis of a project, you:

1. Document the interests and motivations of stakeholders in a project
   
2. Identify the stakeholders that can make the project unsuccessful
   
3. Identify conflicting interests and relationships between stakeholders
   
4. Determine the level of participation required from each stakeholder and the level of involvement each stakeholder is willing to give
   
5. Identify stakeholders whose influence evolves during the project
   
6. Determine communication media and style best suited for each stakeholder