Graded Quiz: Stakeholder Analysis :Capstone Project: Applying Business Analysis Skills (IBM Business Analyst Professional Certificate) Answers 2025

Question 1

Why is it important to classify stakeholders into categories (Key Players, Keep Satisfied, Keep Informed, Monitor)?

❌ To finalize the project scope based on stakeholder influence
❌ To exclude low-interest stakeholders from project discussions
❌ To allocate the project budget effectively among stakeholders
✅ To tailor communication strategies and prioritize engagement efforts

Explanation:
Stakeholder classification helps the team decide how much communication and involvement each group needs, ensuring efficient engagement.

Question 2

What is the purpose of creating a Stakeholder Matrix?

❌ To allocate resources across different project tasks
✅ To map stakeholders based on their level of influence and interest
❌ To document project deliverables and milestones
❌ To identify potential risks in project implementation

Explanation:
A stakeholder matrix visually plots stakeholders by interest and influence, guiding engagement strategy.

Question 3

Which stakeholder group requires frequent updates and close collaboration?

❌ Keep Informed
❌ Keep Satisfied
❌ Monitor
✅ Key Players

Explanation:
Key Players have high influence and high interest, so they require continuous communication and collaboration.

Question 4

When creating a Stakeholder Engagement Plan, what is the primary focus?

❌ Prioritizing stakeholder requirements for the RTM
❌ Assigning project tasks to stakeholders
❌ Documenting project risks related to stakeholder concerns
✅ Establishing communication methods and frequencies for each stakeholder group

Explanation:
The Stakeholder Engagement Plan defines how, when, and how often stakeholders are communicated with.

Question 5

How should stakeholders with low influence but high interest be engaged?

✅ Provide regular updates through newsletters or dashboards.
❌ Assign them roles in project implementation tasks.
❌ Limit communication to quarterly reports.
❌ Involve them in high-level decision-making meetings.

Explanation:
Stakeholders with high interest but low influence should be kept informed, not overloaded with decision authority.

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