Bachelor of General Studies (BGS) Degree Practice Exam

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What is a key benefit of a stakeholder map?

It helps assess financial investments
It allows managers to evaluate stakeholder feelings and outcomes
It replaces the need for direct communication
It limits stakeholder engagement

The correct answer is: It allows managers to evaluate stakeholder feelings and outcomes

A key benefit of a stakeholder map is that it allows managers to evaluate stakeholder feelings and outcomes. This tool visually represents the relationships and influence of various stakeholders on a project or organization, making it easier to understand their interests, concerns, and potential impact. By mapping stakeholders, managers can identify who is most affected by decisions and who has the most influence over outcomes. This understanding enables more effective communication, engagement strategies, and decision-making, ensuring that stakeholder insights and sentiments are incorporated into planning and execution. In contrast, the other options do not accurately capture the primary purpose of a stakeholder map. While financial assessments and investments might be relevant to project planning, they are not the focus of a stakeholder map. The tool does not replace the need for direct communication; rather, it enhances it by highlighting key stakeholders who may require tailored communication approaches. Lastly, a stakeholder map is intended to encourage engagement rather than limit it, fostering a more inclusive approach to addressing the needs and concerns of all parties involved.