Business Exam Prep

CAPM Exam Prep 22, Stakeholder Analysis — The Power/Interest Grid

Friday · 3 min · 3.7 MB
0:00-3:50

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The Power/Interest Grid classifies stakeholders by their level of power and interest to define engagement strategies.
- High-power, high-interest stakeholders, like project sponsors, must be managed closely with frequent and detailed communication.
- High-power, low-interest stakeholders, such as uninvolved senior executives, must be kept satisfied to prevent them from negatively impacting the project.
- A common exam trap is confusing the two-attribute Power/Interest Grid with the three-attribute Salience Model (power, urgency, legitimacy).
- A frequent mistake is to simply monitor high-power, low-interest stakeholders; the correct CAPM-aligned strategy is to keep them satisfied.

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