Question

True or false? The Stakeholder Matrix creates a contact list of stakeholders to ensure that the team has telephone access to all key stakeholders in the organization.

Answer 1

The answer is true.

The stakeholder analysis matrix is made to identify all the stakeholders that are affected by a particular project. It highlights how the project impacts each of the stakeholders and how much influence they can have on the project. The stakeholders can also help in making sure that the project moves forward at the right pace with the inclusion of the required labour resources.

It creates a contact list of all the stakeholders so that they can be contacted in case of any discussion needed with them. The matrix is also used to specify the level of talks and the strategy adopted to talk to each of the stakeholders.  

This helps a project management team to monitor their relationship with the stakeholders at different stages of the project.