Section B Must use bullet points to answer the following short answer questions
ID: 425741 • Letter: S
Question
Section B Must use bullet points to answer the following short answer questions in the provided booklet. 21. Identify the four processes involved in project stakeholder management, and list the 13 marks] outputs of these four processes. 22. What is a stakeholder register and what information must be included in it?[3 marks] 23. What must be the contents of the stakeholder management plan? 24. Describe critical path analysis. How is the critical path calculated? 25. What are the three basic types of cost estimating? Describe each type.[3 marks] 13 marks] 13 marks]Explanation / Answer
21) 1) The Project Stakeholder Management has four processes:
2) Identify Stakeholders-the output in this step is stakeholder register
3).Plan Stakeholder Management-stakeholder management plans and Project documents updates
4) Manage Stakeholder Engagement-project documents updates, Project management plan updates, Change requests and issue log
5) Control Stakeholder Engagement-work performance information, Organizational process assets updates and Project documents updates are some of the outputs
22) Stakeholder register contains the information about project stakeholders. It helps to identify the people that have interest in the project.
23) The stakeholder management plan identifies and analyzes the interest of stakeholder in their project and their ability to control it. The contents may include project management plan, environmental factors and organizational process assets
24) Critical path analysis is a technique that helps identify all necessary activities required to complete a task. It also identifies the time necessary to complete the project and interconnections between actives’ network diagram is drawn to calculate the critical path. We define each possible path in this network diagram from start of the project until the end, and then we define the longest path in this network diagram, which will give us the critical path.
25) These estimates are rough order of magnitude, budgeting, and definitive. A rough order of magnitude (ROM) estimate provides a rough idea of what a project will cost. A budgetary estimate is used to allocate money into an organization’s budget. A definitive estimate provides an accurate estimate of project costs.
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