During the initial phase of a project, a project manager needs to categorize stakeholders to plan an effective engagement strategy. Which of the following combinations of factors is most commonly used for this analysis?
The correct answer is based on the Power/Interest Grid, a foundational and widely used tool for stakeholder analysis. This model categorizes stakeholders based on their level of authority (power) and their level of concern about the project's outcomes (interest). This categorization helps the project manager to prioritize stakeholders and develop appropriate engagement strategies for each group. While influence, financial stake, and seniority are relevant attributes, the power/interest combination is the most recognized primary model for this purpose.
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Why are power and interest the most important factors for stakeholder analysis?
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