3 I's Stakeholder Analysis Template - Research Impact Canada (2024)

FAQs

What are the three i's of stakeholders? ›

It begins by defining the 3 i's (interest, influence, impact) and then uses these three key concepts to categorize stakeholders using a Stakeholder Typology chart.

Whatever approach is used, there are three essential steps in stakeholder analysis: 1) Identifying the key stakeholders and their interests (positive or negative) in the project; 2) Assessing the influence of, importance of, and level of impact upon each stakeholder; and 3) Identifying how best to engage stakeholders.

Stakeholder impact analysis systematically examines how a decision or action will impact the various groups and individuals involved. This method provides a comprehensive understanding of the potential consequences and can inform the development of effective strategies for managing those impacts.

There are essentially four levels of engagement with stakeholders: informing, consulting, involving, and collaborating. Your stakeholder engagement strategy must include all of them – at pace and with volume.

Stakeholder management is the process by which you organize, monitor and improve your relationships with your stakeholders. It involves systematically identifying stakeholders; analyzing their needs and expectations; and planning and implementing various tasks to engage with them.

First, identify who your stakeholders are. Next, work out their power, influence, and interest, so that you know who you should focus on. Finally, develop a good understanding of the most important stakeholders, so that you know how they are likely to respond, and how you can win their support.

Three pillars: identification of stakeholders; engagement activities; and monitoring and evaluation of participation.

The salience model uses three dimensions: legitimacy (A), power (B), and urgency (C). It is represented in a Venn diagram with eight regions, each associated with a specific stakeholder type.

Influence/Impact Grid: grouping stakeholders based on their active involvement in the project and their ability to effect changes to project planning and execution (impact).

What are the key elements of stakeholder analysis? ›

A stakeholder analysis is a process of identifying these people before the project begins; grouping them according to their levels of participation, interest, and influence in the project; and determining how best to involve and communicate each of these stakeholder groups throughout.

The stakeholder engagement assessment matrix is a framework or visual tool that helps assess and categorize stakeholders based on their level of interest and influence. It provides a structured approach to understanding stakeholder dynamics and tailoring engagement strategies accordingly.

Stakeholder impact analysis uses analytical tools and techniques to quantify and analyze the effect of business decisions on the stakeholders of the business. It is a key task for the management of a company. It is used to formulate business strategy and make production, distribution, and final sales-related decisions.

The first and most important comprises employees, customers, and investors, without whom the business will not be able to operate.

In their theory they suggest that three stakeholder attributes – power, legitimacy, urgency – affect stakeholder salience and influence managerial decisions.