What does stakeholder analysis enable project managers to do select all that apply

Stakeholder AnalysisIntroductionThis Stakeholder Analysis identified all stakeholders that could be communicated through thewhole project. According to the PMBOK Guide “A stakeholder is an individual, group, ororganization who may affect, be affected by or perceive itself to be affected by a decision,activity, or outcome of a project.” For the efficiency and success of the project process, it is vitalfor project managers to identify stakeholders correctly and comprehensively. In order to preparefor the stakeholder Analysis, the project manager needs to:Read the PMBOK guide (2017), understand the type of project stakeholders, which can begrouped in two categories:Internal stakeholderssuch as sponsor, project team, project manager, internal clientExternal stakeholderssuch as end user, supplier, government, external customers.Read through the PMBOK guide (2017), identify the stakeholders as positive or negative.Positive stakeholdershelp team to complete the project success, such as project manager.

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Weekly Challenge 3

1. Which of the following responsibilities does project management include?

• Apply technical expertise to execute the project’s day-to-day tasks
• Oversee the scope, schedule, budget, and quality of a project
• Sign off on budget and resources
• Ensure that the business meets its overall objectives

2. Which three of the following responsibilities can belong to the project sponsor?

• Ensure that the project delivers the agreed upon value to the business.
• Play a key leadership role throughout the project.
• Plan and organize the project.
• Fund the project.

3. Which stakeholders benefit directly (not indirectly) from a project’s success? Select all that apply.

• Secondary stakeholders
• Key players
• Primary stakeholders
• Minor players

4. Who uses technical and interpersonal skills to carry out day-to-day project tasks?

• Project team members
• Project manager.
• Secondary stakeholders
• Project sponsor

5. Which term refers to identifying stakeholders and grouping them by interest and influence?

• Stakeholder monitoring
• Stakeholder analysis
• Stakeholder buy-in
• Steering committee meeting

6. How does stakeholder analysis benefit a project? Select all that apply.

• Builds partnerships necessary for project success
• Helps the project team avoid surprises
• Gets the right people involved at the right time
• Lowers project costs

7. Which of the following statements are true of RACI charts? Select all that apply.

• Assess each stakeholder’s ability to participate and build necessary partnerships
• Define project roles and responsibilities to ensure efficiency
• Determine which stakeholders are responsible for which tasks
• Record the level of risk stakeholders bring to the project

8. Which three of the following situations can lead to role confusion on a project?

• When only one person is designated as accountable
• When ownership of decisions is unclear
• When workloads are unbalanced
• When team members perform overlapping work

9. As a project manager, you make considerations when building a team. You decide how many people need to be on the team, what expertise each member will need to complete their tasks, and if they have a personal incentive to work on the project. What else should you consider when building a team?

• Team member availability
• Team member communication preferences
• Degree of stakeholder engagement
• Whether the project has a strong business case

10. As a project manager, you’re prioritizing stakeholders with a power grid. One stakeholder has low power and high interest. What level of engagement should the team have with the stakeholder?

• Monitor
• Meet their needs
• Manage closely
• Show consideration

What is the purpose of stakeholder analysis in project management?

What is it called when a project manager involves stakeholders and decision

What are the 4 steps in the process of stakeholder analysis?

What is the purpose of a stakeholder management and stakeholder analysis?