Product Management Stakeholder Management

Question 1

Which stakeholder mapping technique categorizes stakeholders by their level of interest and power/influence?

Accepted Answer

Power-Interest Grid

Answer

RACI Matrix

Answer

SWOT Analysis

Answer

Kano Model

Question 2

A product manager is working with a stakeholder who has high power but low interest in the project. What is the recommended engagement strategy?

Accepted Answer

Keep satisfied with periodic updates

Answer

Manage closely and involve in all decisions

Answer

Monitor with minimal communication

Answer

Engage and inform frequently

Question 3

What is a stakeholder register primarily used for in product management?

Accepted Answer

Recording stakeholder information, interests, and influence levels

Answer

Tracking sprint velocity

Answer

Logging bug reports from stakeholders

Answer

Scheduling stakeholder meetings

Question 4

Which of the following best describes a 'champion' stakeholder in product management?

Accepted Answer

An influential advocate who actively promotes the product and helps remove obstacles

Answer

A stakeholder who frequently escalates issues to leadership

Answer

A neutral party who provides objective feedback

Answer

A stakeholder who controls the project budget

Question 5

When a product manager faces conflicting requirements from two high-priority stakeholders, what is the most effective first step?

Accepted Answer

Facilitate a joint discussion to align on business goals and trade-offs

Answer

Implement the requirement from the more senior stakeholder

Answer

Ignore one requirement and proceed with the other

Answer

Escalate immediately to the CEO

Question 6

What does 'RACI' stand for in the context of stakeholder and responsibility assignment?

Accepted Answer

Responsible, Accountable, Consulted, Informed

Answer

Review, Approve, Communicate, Implement

Answer

Request, Assign, Complete, Inspect

Answer

Raise, Analyze, Correct, Integrate

Question 7

Which communication approach is most appropriate when dealing with a stakeholder who is skeptical of a new product feature?

Accepted Answer

Share data and evidence that support the feature's value proposition

Answer

Avoid communication until the feature is launched

Answer

Ask the skeptic to step aside from the decision-making process

Answer

Proceed without their approval to maintain momentum