What is Stakeholder Management Strategy?

The stakeholder management strategy is the approach developed to deal with the stakeholders in the best interests of the project. Once we identify & analyze the stakeholders, it is imperative that any good project manager will put together a plan that can be used to manage these people.

The strategy should include the following elements:

• Key stakeholders

• For each stakeholder, level of influence on the project and level of impact on the stakeholder from the project

• How to manage individual stakeholders

• How to manage groups of stakeholders