article thumbnail

Achieving Stakeholder Management Success with the Power-Interest Grid

Project Pulse Journal

Support and Buy-in : Engaging stakeholders according to their power and interests helps gain their support and buy-in, which are critical for project success. Change Management : Stakeholders with high interest but varying power levels can advocate change if appropriately managed.

article thumbnail

Demystifying ERP: Understanding Its Functionality and Importance

Wrike

For example, a healthcare organization that implements an ERP system can maintain compliance with patient privacy regulations, such as the Health Insurance Portability and Accountability Act (HIPAA). This ensures that you have access to timely technical support, software updates, and training resources.