Product Management Stakeholder Management 2

Question 1

Which type of stakeholder is considered an 'external' stakeholder for a software product company?

Accepted Answer

End customer

Answer

Product manager

Answer

Software engineer

Answer

UX designer

Question 2

What is the primary purpose of a stakeholder communication plan?

Accepted Answer

To define how, when, and what information will be shared with each stakeholder group

Answer

To document all product bugs reported by stakeholders

Answer

To establish SLAs for responding to stakeholder emails

Answer

To record stakeholder satisfaction scores

Question 3

A product manager discovers a previously unidentified stakeholder late in the development process. What should they do?

Accepted Answer

Add them to the stakeholder register and assess their potential impact immediately

Answer

Proceed without involving them since discovery is too late

Answer

Wait until launch to introduce them to the product

Answer

Ask them to wait for the next product cycle

Question 4

In stakeholder management, what does 'managing up' refer to?

Accepted Answer

Effectively communicating with and influencing senior executives and leadership

Answer

Promoting junior team members to leadership roles

Answer

Documenting stakeholder escalations in an upward hierarchy

Answer

Assigning higher priority to stakeholders with greater authority

Question 5

Which technique involves regularly walking through a product's progress with stakeholders to gather feedback and maintain alignment?

Accepted Answer

Sprint Demo / Review

Answer

Retrospective

Answer

Stand-up Meeting

Answer

Backlog Grooming

Question 6

When a key stakeholder is consistently unresponsive, what is the most appropriate escalation path for a product manager?

Accepted Answer

Inform their manager or a mutual senior leader to re-engage them

Answer

Remove them from the stakeholder list

Answer

Make all decisions independently without their input

Answer

Cancel the project until they respond

Question 7

What is the main risk of under-communicating with stakeholders during product development?

Accepted Answer

Stakeholders may feel excluded, lose trust, and raise last-minute objections

Answer

Stakeholders become too dependent on the product team

Answer

The product roadmap becomes too transparent

Answer

Development speed increases beyond what the team can manage