Stakeholders Management

1. True or False: Stakeholders are only people who fund the product or use it.

• 
• 

Answer explanation

Stakeholders include anyone who is impacted by the outcome of the product or has an interest in the product's success. This can include internal teams, regulatory bodies, and partner

2. Which of the following is NOT a stakeholder in a typical product development project?

• Customers

• The legal team

• End-users

• The Product Owner's skilled colleague

Answer explanation

Stakeholders are directly involved or affected by the product. Personal relations don’t typically count unless they overlap with other stakeholder roles.

3. True or False: All stakeholders should have an equal say in decision-making.

• 
• 

Answer explanation

Stakeholder influence should be prioritized based on their impact, and the value they add to the product.

Which of these methods of stakeholders mapping was not mentioned in the homework?

• RACI

• Onion diagram

• Salience Model

• Power-Interest Grid

Which of the following is a common myth about stakeholders?

• Stakeholders are always external to the organization

• Stakeholders should be prioritized

• Stakeholders may have conflicting interests

• Stakeholder needs can change over time

Answer explanation

Stakeholders can be internal, such as other teams or executives within the organization.

True or False: Once stakeholders are mapped at the beginning of product development, the map does not need to be revisited

• 
• 

Answer explanation

Stakeholder maps should be revisited regularly as roles, priorities, and relationships can change over time

Which of the following is a good practice for managing stakeholders?

• Focus on the stakeholders who are easy to work with

• Communicate regularly and transparently

• Minimize involving stakeholders until the product is ready

• Give all stakeholders equal influence over decisions

Answer explanation

Regular and transparent communication helps build trust and ensures stakeholders are aligned with the product's direction

True or False: The Product Owner should always align with the loudest stakeholder

• 
• 

Answer explanation

Loudness does not equate to importance. Stakeholder alignment should be based on strategic priorities and the product’s goals