Stakeholder Analysis Example

Stakeholder Analysis Example

Problem Statement

Select a project and perform the stakeholder analysis for that project

#

Notes

1

The key stakeholders are project manager, process owner, team members, and senior manager

2

Project has a big impact on process owner, medium impact on project manager & team members

3

Commitment is the lowest for the senior manager and average for the rest

4

The senior manager has the biggest impact on the project followed by the project manager

How to perform analysis

Step 1: Open Sigma Magic
  1. Click on the Sigma Magic button on the Excel toolbar.
  2. Click on the New button to create a new project.
Step 2: Add the analysis template
  1. Click on the Tool Wizard to add the analysis template.
  2. Click on Change and then Stakeholder Analysis.


Step 3: Specify analysis options
A new worksheet will be added to your workbook. Analysis Setup will be automatically opened, in the setup tab specify the survey results.



Step 4: Enter the details in worksheet
Click Create, the worksheet will created and then enter all the details. A sample is provided below:

Click on Analysis Setup and then click on Checklist, all items on the checklist should be marked.



If you need to make changes to the charts, specify the optional settings in the Charts tab.

 Labels:

  • Add a title for the chart.
  • Label the X-axis and Y-axis appropriately.

Appearance:

  • Adjust colors, font sizes, or other visual elements as needed.
  • Enable/disable gridlines or background shading.


Click the Verify tab to ensure all the inputs are okay and shown in a green checkmark.



Step 5: Generate analysis result
Click OK and then click Compute Outputs to get the final results



Interpretation Results​

  1. Process Owner (Impact: 9, Commitment: 3, Influence: 4) is the one who has the highest impact score. They are significantly impacted by the project. His moderate influence and low commitment require him to be regularly updated and kept in the loop.
  2. Team Members (Impact: 5, Commitment: 5, Influence: 3) have balanced scores, which indicate they are important for execution but have low influence. Keep them motivated and involved.
  3. Senior Manager (Impact: 3, Commitment: 2, Influence: 8) has high influence but low commitment and impact. Communication is essential to ensure alignment.
  4. Project Manager (Impact: 5, Commitment: 5, Influence: 6) is central to the project with moderate scores, requiring continuous communication and involvement.
  5. The Process Owner falls in the top left quadrant, indicating high impact but low commitment. This stakeholder should be prioritized for engagement strategies.
  6. The Senior Manager is in the lower right quadrant, reflecting that they have high influence but low impact. Regular communication and alignment are critical.
  7. Team Members have a moderate position in all dimensions: impact, commitment, and influence, reflecting their importance for day-to-day operations.
  8. Project Manager is centrally placed, reflecting a balanced role in the project.


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