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The Product Manager's Guide To Identifying and Managing Project Stakeholders: The Power/Interest Matrix. Stakeholder management is a mandatory skill in Product Management. This article explains how to categorize stakeholders and interact with them accordingly to save you time and effort. It also offers a framework for categorizing them and different communication methods for each type that would save you plenty of headaches. This method is helpful not only for Product Managers but also for Project Managers and any role that has to interact with stakeholders.