How should a stakeholder with high power and high interest be managed?

Managing a stakeholder with high power and high interest requires constant active management because these stakeholders have a significant influence on the project's success and a vested interest in its outcomes. Engaging with them regularly ensures that their opinions and concerns are addressed promptly, which is crucial in building trust and maintaining a positive relationship.

Such stakeholders can impact decision-making and resource allocation, so it is important to keep them informed and involved throughout the project's lifecycle. Constant communication allows for immediate feedback and facilitates collaboration, which can lead to better project alignment with stakeholder expectations and reduces the risk of conflicts or roadblocks.

In contrast, minimal monitoring or periodic updates may not provide sufficient engagement for stakeholders who are highly invested and influential. Delegating oversight may distance the project team from these stakeholders, risking miscommunication and dissatisfaction. Thus, maintaining consistent and active involvement is essential in effectively managing these critical stakeholders.