Question: Explain why it's important to identify and classify all our stakeholders? Provide an example of what could happen if you fail to identify a stakeholder

  1. Explain why it's important to identify and classify all our stakeholders?
    • Provide an example of what could happen if you fail to identify a stakeholder.
  2. Explain what information the stakeholder engagement matrix provides and what that information allows us, as project/program managers, to do with respect to stakeholder management?
    • Provide an example of the actions enabled by the stakeholder engagement matrix.
  3. Explain the role that the WBS work package plays in the building of the schedule?
  4. Explain why it's important for a project/program manager to know what their critical path is?
    • Provide an example of the impact of a program manager NOT knowing what their critical path is.
  5. What is the purpose of earned value management (EVM) and how does it contribute to the success of a program?
    • Provide an example of where EVM contributes to a program's success.
  6. While a single data point for SPI or CPI is good, explain why it's more important to consider EVMS trends instead of just the single points of data?
    • Provide an example of the advantage that trends provide as compared to single data points.
  7. Why do we do risk and opportunity management?
    • Provide an example of what happens when risk and opportunity management ARE NOT done.
  8. What is a "burn down" plan in risk management ?
    • Describe the purpose it serves in connection with risk management and program scheduling
  9. How do 'probability of occurrence' and 'impact' combine to prioritize our approach to risk management? (1 point) Provide an example.

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