Expert answer:Week 7 “Stakeholder Management” 10 Questions
Expert answer:Question 1 There are two primary types of contracts; fixed costs and cost-reimbursable. For cost-reimbursable there are three options. The options are cost plus fixed fee, cost plus percentage of costs, and ________? Cost plus 30% Cost plus materials squared Cost plus incentive fee Cost plus penalty fee Question 2 The contractual relationship between the buyer and sellerare often confidential. The terms and conditions of the agreement are known as? Privatization Privity Procurement policies Contract terms Question 3 Often the most cost effective and fair solution determines whether an organization makes or… Buys a solution Attempts to find an out of the box solution Develops an in-house solution Has another division of the company drive the solution Question 4 Which of the following is not an acronym for a project document associated with procurement? RFP IFB RFQ FIB Question 5 A contract that requires the buyer to pay for the cost of goods and services procured plus a fix fee is known as? Cost plus award fee Cost plus incentive fee Cost plus fix fee Cost plus direct costs Question 6 An analysis meeting to examine and document the roles of the project is standard. In the meeting the roles, concerns and influences are documented. The meeting is known as? Stakeholder status meeting Profile analysis meeting Project status meeting System report meeting Question 7 When classifying stakeholders there are five engagement levels including neutral, supportive, and_______________? Unaware Discouraging Negative Alienated Question 8 A good PM communicates often with all stakeholder groups. When reviewing stakeholder engagement results, several items should be reviewed. One item of importance is the? Change management plan Stakeholder negativity plan Issue log Conflict resolution plan Question 9 PM should address stakeholders when both positive and negative news needs to be communicated. However, good PMs address stakeholder groups with? A continuous process throughout project A technology avenues Contractors communications A Conflict management plan Question 10 Which of the following may be a response to stakeholder concerns? Change requests Removal of stakeholder from list New stakeholder management plan New project management plan
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