Stakeholder Ranking

A stakeholder ranking helps identify potential project or decision risks as well as who will be supportive of projects or decisions. In order to manage stakeholders and create a strategy, it is important to identify stakeholders and rank them based on different characteristics. It is useful to determine these rankings before implementing a decision or planning a project. This way, companies can see who will be most helpful and interested in their business operations, and who may get in the way or are not interested. Rankings can be established by stakeholder analysis or creating a stakeholder matrix.