PrepAway - Latest Free Exam Questions & Answers

Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

PrepAway - Latest Free Exam Questions & Answers

A.
Project management office

B.
Project risk assessment officer

C.
Project manager

D.
Project sponsor

Explanation:

The project manager is responsible for stakeholder expectations management. A project manager is an expert in the field of project management. He is responsible for the entire project from inception to completion. The project manager leads the team and helps negotiate the multiple relationships within any project whether with clients, team members, firm principals or any variety of partners and functions as the hub of a project. Project managers can have the authority of the planning, execution, and closing of any project, typically relating to construction industry, architecture, computer networking, telecommunications or software development. Many other fields in the production, design and service industries also have project managers. A project manager is responsible for accomplishing the project objectives. Important project management responsibilities include creating clear and attainable project objectives, building the project requirements, and managing the triple constraint for projects, which is cost, time, and scope. Project manager
possess the following skills.
Communications Skills. Communications skills are part of the general management skills and are used to exchange information.

Organizational Skills. Organizational skills are part of the management skills to organize various aspect of a project to complete it successfully.
Budgeting Skills. Budgeting skills include the knowledge of finance and accounting principles. A project manager requires these skills in order to perform cost estimates for project budgeting. Problem Solving Skills. Problem solving skills include defining and analyzing problems, and then taking decision to solve them by implementing those decisions.
Answer option A is incorrect. The project management office is not responsible for the stakeholder expectations management.
Answer option D is incorrect. The project sponsor is not responsible for the stakeholder expectations management.
Answer option B is incorrect. This is not a valid choice as there is not a project risk assessment officer. Reference: "PMP Study Guide by Joseph Phillips", ISBN. 0072262915, Chapter 11. A Guide to the Project Management Body of Knowledge from the
Project Management Institute, ISBN. 193069945X; Section 10.4.

3 Comments on “Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

  1. An outstanding share! I’ve just forwarded this onto a coworker who was conducting a little research on this. And he in fact ordered me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending time to talk about this issue here on your web site.|




    0



    0

Leave a Reply