The relative importance of stakeholders is assessed by considering three Factors, their:
The team rates each stakeholder (and documents reasons for these ratings) against the following scales:
Based on the data entered into the Stakeholder Circle, an ‘Index Value’ is calculated for each stakeholder – the higher the index, the more important the stakeholder. The factors considered in the calculation of the index are:
The prioritization of the stakeholders uses the Index values to arrange the stakeholders in order of importance and allocate a unique priority number. The higher the ‘Index’, the more important the stakeholder is at that time and consequently, the higher the priority.
The stakeholder with the highest index is accorded priority #1, the next highest index, priority #2, etc. Where a number of stakeholders have an identical index value and the ‘Priority Sorter’ has not been used the stakeholder entered first is accorded the higher priority.
Not all of the above features are available in the SWS Excel Spreadsheet or SoaP Word Template. For a summary of the features in each tool see: Tools Description
When ready, the list can be sorted and printed for checking before moving onto the ‘engagement’ phase of the analysis.
After adding, editing or changing these assessments it is necessary to re-calculate the priority index.
Visit the Methodology Page to read a summary of the overall StakeholderCircle methodology.
Select ‘SH Prioritization’ from the Main Menu to see a list of all Active stakeholders created during the Stakeholder Identification phase. If there are none, you will be asked to create a new stakeholder.
All data is entered via the ‘Edit Stakeholder’ screen
Previously Entered Data – Data entered during the Identification phase is carried forward and can be edited or added to as needed. The fields already populated are:
The data required to prioritize the stakeholders is:
If the team cannot agree on a value for any of these parameters, set the value to 1 (this is the lowest rating) the value can be edited at a later date when more information is available.
If there are two or more stakeholders with an identical Index value, the ‘Priority Sorter’ can be used to sequence the stakeholders in the most appropriate order.
Help is available to all StakeholderCircleusers – we will attempt to answer your questions within a 24 hr period. To access help in the first instance email your question to: email@example.com