In project management, it's crucial to understand the interests and influence of all stakeholders to ensure the project's success. The stakeholder assessment matrix is a tool that helps in identifying and understanding the interest, influence, participation, and expectations of the stakeholders. It's important for the project manager to regularly review and update this matrix as stakeholders' interests and influence can change over the course of the project. By doing so, the project manager can ensure that all stakeholders are properly engaged and their interests are taken into account, which is key to the successful completion of the project.
References: The Project Management Professional (PMP)Certification from PMI1, PMP Examination Content Outline - June 2019 - Project Management Institute2, Professional in Business Analysis Reference Materials3.