What is an influence diagram? Draw a matrix that could show the placement of stakeholder groups and briefly explain the levels of engagement for each.

 

An influence diagram is a useful tool that maps out stakeholders and their role in the project at hand. Generally, the influence diagram generates useful insights about the level of influence of each stakeholder and their importance to the project. With this, it is easy to prioritize and satisfy the needs of each shareholder. 

Step-by-step explanation

Category A represents the stakeholders with high importance but their influence on the project is low. They usually have low commitment; the stakeholder strategy should focus on increasing their commitment. 

Category B represents stakeholders with high importance and has a high influence on the project. They are stakeholders that are fully on board and are the drivers of change. They will highly influence the direction of the project.

Category C are low importance and low influence stakeholders. They are unlikely to have any influence on the project, they are only cheerleaders.

Category D are the stakeholders with high influence but of low importance. They have a positive view of the project but have a low ability to impact the project. 

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