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7 questions
Stakeholder Analysis is defined as
the stakeholder register which includes the strategy for managing expectations about project communication.
the basis from which to convey work performance measurements and trends of how the project is doing and will do - properly maintaining the stakeholders' expectations of the future based on the past and present
a process of identifying these people; grouping them according to their levels of participation, interest, and influence in the project; determining how to involve and communicate each of these groups throughout.
This group of stakeholders have power and urgency, but lack legitimacy. _________________ stakeholders should be appropriately engaged and satisfied due to the high level of threat this group possesses.
Definitive
Dangerous
Dominant
Dysfunctional
True or False: The stakeholder wheel includes internal groups, external groups, media, and regulators.
True
False
A stakeholder is
a group of a businesses' customers, employees, and management
an independent party with general interest in business practices
a decision maker for the primary executives of the business
anyone who can impact or be impacted by a particular decision or situation a business faces
What is the purpose of the Salience model?
The Salience model determines which stakeholder to prioritize in regards to power, legitimacy, and urgency within their organization.
The Salience model gives stakeholders the power to make decisions, determining a businesses' actions for the future.
The Salience Model is designed to influence upper-management to allow all stakeholders to be equally included in business decisions.
A discretionary stakeholder is defined as
those who have low power and low urgency, but must have their requirements fulfilled due to their high level of legitimacy
a group of stakeholders that have the power to influence a business decision. Due to their power, this group must be kept informed with any business verdict.
those who have low urgency and low legitimacy, but must have their requirements fulfilled due to their power.
What is the best method of communication between management and stakeholders?
In order to achieve its intended results, management should speak to the wants, needs, and concerns of each stakeholder while identifying any critical issues within the group.
Management should aim their communication around the primary objectives for each business decision and how each decision affects the well-being of the company.
Communication between the two groups should be informative while conveying no concern for the necessities of the stakeholder group.
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