Week 7 “Stakeholder Management” 10 Questions

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