What does a Stakeholder Map represent?

A Stakeholder Map is a visual representation that categorizes stakeholders based on their levels of influence and interest in a project. This mapping is essential as it helps project teams understand who the key players are, how they might affect or be affected by the project, and what communication strategies might be appropriate for each group. By positioning stakeholders on this map, organizations can ensure that they engage with the right people at the right times, addressing concerns and leveraging support appropriately.

The significance of a Stakeholder Map lies in its ability to clarify relationships and priorities, which is crucial for managing stakeholder expectations and ensuring project success. This process not only aids in strategic planning but also enhances collaboration and reduces potential conflicts by identifying stakeholders who may have opposing interests or varying levels of commitment to the project.

Other options do not relate directly to the purpose of a Stakeholder Map. A timeline for project execution pertains to project scheduling, while an analysis of project risks focuses on assessing potential obstacles, and a list of required resources details tangible items needed to carry out the project. None of these elements reflect the stakeholder-focused approach of mapping influence and interest, which is the core function of a Stakeholder Map.