1. What is a stakeholder? 2. How does conducting a stakeholder analysis help the

Question

1. What is a stakeholder?

2.    How does conducting a stakeholder analysis help the project manager and project team understand the informal organization?

3.    Why should a project manager be concerned with monitoring a project’s progress?

4.    What is the purpose of developing a project communication plan?

5.    What are project metrics?

6.    Describe the qualities of a good project metric.

7. Define the following: (a) Quality planning; (b) quality assurance; (c) quality control.

8.    What is a control chart? When is a process said to be in statistical control? How would you know if it was not?

Explanation / Answer

1.

Stakeholders are nothing but the people who focus more on the performance of the company and the action of the company directly or indirectly affect their interest.

Stakeholders can affect the organization or get affected by its policies or objectives. The stakeholders include creditors, directors, employees, shareholders, supplier and community. Stakeholder includes employees, business partners, customers and suppliers who will be affected by the actions taken by the company and each stakeholder is related to the organization in different ways. All stakeholders have different interest

Each stakeholders have different aim and their needs different from each other. Shareholders want increased productivity and sales, employee want additional compensations and benefits, customer look forward for the lowest price for products and services and community look forward for social activities.

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