What are the four quadrants in the Mendelow stakeholder matrix?

CORRECT TEXT

What are the four quadrants in the Mendelow stakeholder matrix?

Answer: Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be.

The four categories are:

1) Minimum effort (low power-Low interest)

2) Keep satisfied (high power-Low interest)

3) Keep informed (Low power C high interest)

4) Manage closely (High power- High interest)

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