Stakeholder Analysis Tool - Simple (Excel XLS)

BENEFITS OF DOCUMENT

1. Improve Project Delivery Timeliness
2. Minimizes Project Delays
3. Increases Project Awareness

DESCRIPTION

This product (Stakeholder Analysis Tool - Simple) is an Excel template (XLS), which you can download immediately upon purchase.

What is it? – Stakeholder analysis in conflict resolution and project management, is the process of identifying individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the action and the impact the action will have on them. This tool documents the current and required sentiments of those interested in the outcome of a project.

What does it do? – Confirms management or stakeholder acceptance and prioritization of project and team efforts.

Why use it? – Helps to eliminate low priority projects and ensures management support and compatibility with business goals.

When to use it? – Initiating a project that will likely affect individuals or groups, preferably at the kickoff meeting.

This Excel template offers a streamlined approach for identifying and evaluating stakeholders' influence and support levels. Users can list key individuals or groups, assess their influence, and determine the required and current support levels. The tool allows for easy customization with 16 pre-defined functions, which can be modified to fit specific project needs.

The template also includes a communication preference feature, enabling you to tailor your engagement strategies effectively. By identifying the preferred modes of communication for each stakeholder, you can ensure that your messages are delivered in the most impactful way. This feature is crucial for maintaining stakeholder alignment and support throughout the project lifecycle.

Visual representations of stakeholder analysis are provided through intuitive charts. These charts offer a clear comparison between current and required support levels, making it easier to identify gaps and areas needing attention. This visual aid enhances decision-making and helps in prioritizing actions to close support gaps.

Source: Best Practices in Stakeholder Management Excel: Stakeholder Analysis Tool - Simple Excel (XLS) Spreadsheet, ALB Business Consulting