Do I create a stakeholder map in Excel? What is the best tool for stakeholder mapping? How do you plot a stakeholder matrix? Welcome to Projectcubicle's guide on stakeholder mapping! In today's dynamic business environment, effective stakeholder management is crucial for the success of any project. Stakeholders, who can be individuals, groups, or organizations, have a vested interest in the outcome of a project and can significantly impact its success or failure. Therefore, understanding their needs, expectations, and influence is paramount. Stakeholder analysis example provides insight into how this process can be executed effectively. By identifying key stakeholders, analyzing their interests, and assessing their level of influence, project teams can develop strategies to engage and manage them throughout the project lifecycle. One of the fundamental tools used in stakeholder analysis is the Power Interest Grid template. Also, this template categorizes stakeholders based on their level of power and interest in the project, enabling project managers to prioritize their engagement efforts. Additionally, the Stakeholder mapping template is another valuable tool that visually represents stakeholder relationships and their respective attributes, facilitating clearer communication and decision-making.