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PMI PMP (PMP) Practice Tests & Test Prep by Exam Edge - Review



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PMI Project Management Professional - Reviews


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Based on 200 reviews


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Exam Edge is an industry leader in online test prep. We work with institutional partners to offer a wide array of practice tests that will help you prepare for your big exam. No matter how niche your field of interest might be, we are here to help you prepare for test day.



See why our users from 154 countries love us for their exam prep! Including 200 reviews for the PMI PMP exam.

Exam Edge is an industry leader in online test prep. We work with institutional partners to offer a wide array of practice tests that will help you prepare for your big exam. No matter how niche your field of interest might be, we're here to help you prepare for test day.

   Excellent -- Based on 200 reviews

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PMI Project Management Professional - Test Reviews Sample Questions

A stakeholder analysis assesses which of the following?

Correct Answer:
the interests, alliances, positions, and importance of projects that affect stakeholders.
stakeholder analysis is a critical tool used in project management, policy making, and business strategy to identify and understand the roles, interests, and potential influence of different parties affected by a project or decision. this analysis evaluates several key elements related to stakeholders:

**interests**: stakeholder analysis first identifies the interests of the stakeholders in relation to the project. interests refer to what stakeholders want to gain or avoid. understanding these interests helps project managers predict how stakeholders might react to the project, which can influence strategies for engaging them effectively. this could include financial gains, improvement in service delivery, or mitigation of adverse effects caused by the project.

**alliances**: the analysis also considers the alliances formed between stakeholders. alliances can amplify the influence of stakeholders, as groups of stakeholders may organize collectively to support or oppose the project. knowing existing alliances and potential for new ones can be crucial for managing support and opposition effectively, ensuring smoother project implementation.

**positions**: this refers to the stance that stakeholders take regarding the project. positions can range from supportive to neutral to opposed, and understanding these positions is vital for crafting communication and negotiation strategies. positions are often influenced by stakeholders’ interests and the impact of the project on these interests.

**importance of projects**: the analysis assesses how important the project is to each stakeholder. this importance can affect the level of attention and resources that stakeholders might allocate towards supporting, modifying, or obstructing the project. stakeholders who see high importance in the project may become either key allies or significant challengers.

by assessing these factors, stakeholder analysis helps project managers and decision-makers strategize more effectively. it allows them to identify key stakeholders who need to be closely managed or consulted, develop tailored strategies for stakeholder engagement, and anticipate challenges that could impact the project’s success. additionally, it helps in prioritizing stakeholder issues and concerns, which can be critical in ensuring the project’s objectives are met while maintaining good stakeholder relationships.

ultimately, the effectiveness of stakeholder analysis lies in its ability to provide a detailed landscape of the human and organizational elements surrounding a project. this understanding fosters more informed decision-making, enhances communication strategies, and contributes to the overall success and acceptance of the project or policy within the stakeholder community.