Stakeholder Analysis: Techniques for Project Success

Question 1

Which of the following is a type of stakeholder with low interest but high power?

Accepted Answer

Regulators

Answer

Partners

Answer

Suppliers

Answer

Customers

Question 2

True or False: Stakeholder analysis involves only identifying and documenting stakeholders.

Accepted Answer

False

Answer

True

Question 3

What is the primary purpose of a stakeholder management plan?

Accepted Answer

To guide stakeholder engagement strategies

Answer

To document stakeholder requirements

Answer

To track stakeholder communication

Answer

To evaluate stakeholder satisfaction

Question 4

What is the ultimate goal of stakeholder management?

Accepted Answer

To increase project success

Answer

To satisfy all stakeholders

Answer

To minimize stakeholder impact

Answer

To reduce project risk

Question 5

Which stakeholder type exhibits a low level of interest and high level of power?

Accepted Answer

Latent stakeholder

Answer

Key player

Answer

Supporter

Answer

Blocker

Question 6

What does a stakeholder salience map depict?

Accepted Answer

A visual representation of stakeholder power and interest levels

Answer

A tool for analyzing stakeholder attitudes and beliefs

Answer

A technique for ranking stakeholder importance

Answer

A document outlining stakeholder engagement strategies

Question 7

What is the primary objective of stakeholder relationship management?

Accepted Answer

Maintain positive and productive stakeholder relationships

Answer

Identify and address stakeholder concerns

Answer

Develop strategies for resolving stakeholder conflicts

Answer

Communicate project information to stakeholders

Question 8

Effective management of well-defined stakeholder expectations primarily contributes to:

Accepted Answer

Reduced project risks

Answer

Increased project costs

Answer

Diminished project quality

Question 9

When analyzing stakeholders, which of the following factors is **not** typically considered?

Accepted Answer

Stakeholder age

Answer

Stakeholder interests

Answer

Stakeholder power

Answer

Stakeholder influence

Question 10

The process of prioritizing stakeholders based on their interests and influence is known as which tool?

Accepted Answer

Power-interest matrix

Answer

Stakeholder salience model

Answer

Stakeholder mapping

Answer

Influence-power grid

Question 11

The process of developing a comprehensive plan for managing stakeholders throughout the project lifecycle is known as what?

Accepted Answer

Stakeholder management plan

Answer

Stakeholder engagement strategy

Answer

Stakeholder communication plan

Answer

Stakeholder analysis report

Question 12

Which of the following is **not** a key step in stakeholder identification?

Accepted Answer

Using social media monitoring

Answer

Reviewing project documents

Answer

Conducting interviews

Answer

Consulting with experts

Question 13

What is the purpose of using the "salience model" in stakeholder analysis?

Accepted Answer

To classify stakeholders based on their power and urgency

Answer

To identify stakeholders with the most influence

Answer

To determine the level of stakeholder involvement required

Answer

To assess the potential impact of stakeholders on the project

Question 14

What is the primary distinction between a positive and negative stakeholder?

Accepted Answer

Positive stakeholders are likely to support the project, while negative stakeholders may oppose it

Answer

Positive stakeholders have a high level of power, while negative stakeholders have a low level of power

Answer

Positive stakeholders have a high level of interest, while negative stakeholders have a low level of interest

Answer

Positive stakeholders are internal to the project, while negative stakeholders are external

Question 15

Which of the following is NOT a potential benefit of effective stakeholder management?

Accepted Answer

Increased stakeholder conflict

Answer

Improved stakeholder satisfaction

Answer

Mitigated project risks

Answer

Enhanced project success rate

Question 16

In stakeholder management, which scenario presents a potential conflict of interest?

Accepted Answer

A project sponsor with a financial stake in the project's outcome participates in decision-making.

Answer

A stakeholder with limited project knowledge contributes to stakeholder analysis.

Answer

A stakeholder group is omitted from stakeholder analysis due to resource constraints.

Answer

A stakeholder has ample opportunity to express concerns, but their input is disregarded in decision-making.

Question 17

Which of these is NOT a modern trend impacting stakeholder management?

Accepted Answer

Traditional Stakeholder Management Practices

Answer

Artificial Intelligence (AI) and Machine Learning (ML)

Answer

Cybersecurity and Data Privacy

Answer

Remote Work and Virtual Collaboration

Question 18

A stakeholder's level of power refers to their:

Accepted Answer

Degree of influence over project outcomes

Answer

Interest in the project

Answer

Amount of resources they contribute

Answer

Extent of impact from the project on their interests

Question 19

Which stakeholder analysis tool is specifically designed to assess the impact of project decisions on different stakeholders?

Accepted Answer

Stakeholder impact matrix

Answer

Stakeholder salience map

Answer

Stakeholder influence grid

Answer

Stakeholder power-interest grid

Question 20

Managing stakeholder relationships effectively involves:

Accepted Answer

Regular communication, proactive engagement, and managing expectations

Answer

Developing stakeholder management plans solely

Answer

Identifying and analyzing stakeholders only

Answer

Negotiating with stakeholders exclusively

Question 21

A common strategy for engaging stakeholders is to:

Accepted Answer

Conduct stakeholder meetings

Answer

Disregard stakeholder input

Answer

Rely solely on written communication

Question 22

A stakeholder management plan should include specific actions for:

Accepted Answer

Managing each identified stakeholder relationship

Answer

Determining the project budget

Answer

Outlining the entire project plan

Answer

Identifying all potential project risks

Question 23

When managing a project with a large number of stakeholders, it is important to:

Accepted Answer

Prioritize stakeholder engagement efforts

Answer

Focus on only the most powerful stakeholders

Answer

Ignore stakeholders with low interest