Stakeholder Analysis: Power Interest Grid Explained with PMP Exam Tips

Want to improve stakeholder engagement and increase your chances of project success? In this video, we break down the Stakeholder Influence and Interest Matrix—also known as the Power-Interest Grid—a key tool used to categorize stakeholders and tailor communication strategies based on their level of influence and interest. Perfect for PMP exam prep or real-world stakeholder analysis, this video shows you how to apply this matrix effectively, with practical examples for each stakeholder type. Why Watch This Video? Whether you're preparing for the PMP exam or managing real-world projects, understanding stakeholder analysis is essential. This matrix will help you prioritize communication, minimize resistance, and build stronger stakeholder relationships. In This Video: * What is the Stakeholder Influence and Interest Matrix? * Definitions of Power and Interest in project management * The 4 stakeholder quadrants: - High Power, High Interest - High Power, Low Interest - Low Power, High Interest - Low Power, Low Interest * Practical strategies and examples for engaging each stakeholder type * When and how to use the matrix during the project lifecycle * PMP exam tips: How this concept shows up in scenario-based questions