Description: The Stakeholder Matrix is a fundamental tool in project management, designed to identify and analyze the interests, expectations, and levels of influence of different stakeholders in a project. This matrix allows teams to understand who the stakeholders are, how they relate to the project, and what impact they may have on its success. By categorizing stakeholders based on their power and interest, teams can prioritize communication and relationship management, ensuring that the needs and concerns of the most relevant stakeholders are adequately addressed. The Stakeholder Matrix not only facilitates the identification of key stakeholders but also promotes more effective collaboration and informed decision-making, which is essential in dynamic environments where adaptability and quick responses to changes are crucial. In summary, this tool is vital for aligning project objectives with stakeholder expectations, thus contributing to the creation of a product that truly meets the needs of the customer and other interest groups.
