🌍 Project Management · subject
Project Management Risk, Stakeholders, and Communication Syllabus
The Risk, Stakeholders, and Communication syllabus for Project Management in full: 4 chapters and 14 topics, every one listed below, plus 51 Risk, Stakeholders, and Communication flashcards with answers.
Risk, Stakeholders, and Communication syllabus: all 4 chapters
Expand any chapter to see its topics and sub-topics.
-
Risk Management
4 topics- Planning Risk Management
- Identifying Risks
- Risk Analysis
- Risk Responses
-
Stakeholder Management
3 topics- Stakeholder Analysis
- Stakeholder Engagement Strategies
- Managing Expectations
-
Communication Management
3 topics- Communications Planning
- Communication Models and Methods
- Project Reporting and Information Radiators
-
Team Leadership and Conflict
4 topics- Team Development
- Motivation Theories
- Conflict Management
- Negotiation and Emotional Intelligence
Project Management Risk, Stakeholders, and Communication flashcards — 51 questions with answers
What is the purpose of the Plan Risk Management process?
It defines how to conduct risk management activities for a project—establishing methodology, roles and responsibilities, budgeting, timing, risk categories, stakeholder risk appetite, and definitions of probability and impact. Its output is the risk management plan.
What is the difference between a threat and an opportunity in project risk management?
A threat is a risk with a negative effect on objectives; an opportunity is a risk with a positive effect. Both are 'risks'—uncertain events that, if they occur, affect one or more objectives.
Define 'risk appetite,' 'risk tolerance,' and 'risk threshold.'
Risk appetite is the degree of uncertainty an organization is willing to accept in anticipation of reward. Risk tolerance is the specific degree/amount of variation acceptable. Risk threshold is the measure of acceptable variation around an objective that triggers a response.
What is a Risk Breakdown Structure (RBS)?
A hierarchical representation of potential sources of risk, organizing risk categories (e.g., technical, external, organizational, project management) to help systematically identify and group risks.
Name at least four common tools/techniques used to identify risks.
Brainstorming, checklists, interviews, root-cause analysis, assumption/constraint analysis, SWOT analysis, document reviews, the Delphi technique, and prompt lists (e.g., PESTLE, TECOP).
What is the Delphi technique and why is it used for risk identification?
An anonymous, iterative expert-consensus method where a facilitator gathers experts' opinions through questionnaires over several rounds. Anonymity reduces bias and prevents any one person from unduly influencing the outcome.
What is a risk register and what does it contain?
The primary output of Identify Risks. It is a document listing identified risks with details such as risk ID, description, category, probability, impact, risk owner, proposed responses, and status. It is progressively elaborated throughout the project.
What is the difference between qualitative and quantitative risk analysis?
Qualitative risk analysis prioritizes risks subjectively by assessing probability and impact (e.g., via a probability-impact matrix). Quantitative risk analysis numerically estimates the combined effect of risks on overall objectives (e.g., via Monte Carlo simulation, EMV).
What is a probability and impact (P-I) matrix used for?
To rank individual risks by combining the likelihood of occurrence with the severity of impact, categorizing them (e.g., high/medium/low or red/amber/green) to prioritize which risks need responses.
What is the formula for Expected Monetary Value (EMV) of a risk?
$$EMV = P \times I$$ where $P$ is the probability of the risk event and $I$ is the monetary impact (positive for opportunities, negative for threats).
A risk has a 30% probability of occurring with a $50{,}000 cost impact. What is its EMV?
$$EMV = 0.30 \times (-\$50{,}000) = -\$15{,}000$$ (a threat, so the impact is negative).
What is Monte Carlo simulation in quantitative risk analysis?
A computerized technique that runs a model many times (e.g., thousands of iterations) using random values drawn from probability distributions of inputs, producing a probability distribution of possible project outcomes (cost or schedule).
What is a decision tree analysis used for in risk?
To evaluate choices under uncertainty by mapping decisions and chance events with their probabilities and payoffs, then calculating the EMV of each path to select the option with the best expected value.
What is a tornado diagram?
A special bar chart used in sensitivity analysis that ranks risk factors by the magnitude of their impact on an objective; the longest bars appear at the top, giving the tornado shape and showing which variables matter most.
List the four strategies for responding to negative risks (threats).
Avoid (eliminate the threat), Transfer (shift impact to a third party, e.g., insurance), Mitigate (reduce probability or impact), and Accept (acknowledge without proactive action).
List the four strategies for responding to positive risks (opportunities).
Exploit (ensure it happens), Enhance (increase probability or impact), Share (allocate to a third party best able to capture it), and Accept (take advantage if it occurs, without actively pursuing).
What is the difference between active and passive risk acceptance?
Active acceptance establishes a contingency reserve (time, money, resources) to handle the risk if it occurs; passive acceptance takes no action beyond documenting the risk and dealing with it as it arises.
What is a contingency reserve versus a management reserve?
Contingency reserve covers identified (known) risks and is part of the cost/schedule baseline, controlled by the project manager. Management reserve covers unidentified (unknown) risks, is outside the baseline, and requires management approval to use.
What is a secondary risk versus a residual risk?
A secondary risk is a new risk that arises as a direct result of implementing a risk response. A residual risk is the risk that remains after a response has been implemented.
What is a risk trigger (warning sign)?
An indicator or symptom showing that a risk has occurred or is about to occur, prompting the risk owner to execute the planned response.
Show the other 31 Risk, Stakeholders, and Communication flashcards
What is stakeholder analysis?
The systematic process of identifying stakeholders and gathering/analyzing information about their interests, expectations, influence, and potential impact on the project to guide engagement strategy.
What is a power/interest grid and what are its four quadrants?
A stakeholder classification model plotting authority (power) against concern (interest). Quadrants: High power/High interest = Manage closely; High power/Low interest = Keep satisfied; Low power/High interest = Keep informed; Low power/Low interest = Monitor.
Name three stakeholder classification models besides the power/interest grid.
Power/influence grid, influence/impact grid, and the salience model (power, urgency, legitimacy). Also the directions-of-influence and prioritization models.
What three attributes does the stakeholder salience model use?
Power (ability to impose their will), Urgency (need for immediate attention), and Legitimacy (appropriateness of their involvement). Stakeholders are prioritized by how many attributes they hold.
What are the five engagement levels in a Stakeholder Engagement Assessment Matrix?
Unaware, Resistant, Neutral, Supportive, and Leading. The matrix compares each stakeholder's Current (C) engagement level with the Desired (D) level to identify gaps.
How is a gap shown in a Stakeholder Engagement Assessment Matrix?
By marking the current engagement level with a 'C' and the desired level with a 'D'; a gap between them signals that additional engagement actions are needed to move the stakeholder to the desired state.
What is the purpose of a stakeholder register?
To document identified stakeholders and their identification information (name, role, contact), assessment information (requirements, expectations, influence), and classification (internal/external, supporter/neutral/resistor).
Why is managing stakeholder expectations important, and what tool primarily supports it?
Aligning stakeholder expectations with project reality reduces conflict, scope creep, and dissatisfaction. Communication is the primary tool—clear, proactive, tailored messaging keeps expectations realistic and manages perceptions.
What is the difference between requirements and expectations of stakeholders?
Requirements are documented, agreed-upon conditions or capabilities the project must deliver. Expectations are stakeholders' often-unstated beliefs about what the project will provide or how it will behave; unmanaged expectations cause dissatisfaction even when requirements are met.
What are the key inputs the Plan Communications Management process should address?
Who needs what information, when they need it, why (purpose), the format/medium, who provides it, and the frequency—driven by stakeholder needs, regulations, technology, and the communication requirements analysis.
What is the formula for the number of potential communication channels in a project?
$$n = \frac{N(N-1)}{2}$$ where $N$ is the number of stakeholders/people involved.
A project has 10 stakeholders. How many communication channels exist?
$$\frac{10(10-1)}{2} = \frac{90}{2} = 45 \text{ channels}$$
If a project grows from 5 to 6 team members, how many additional communication channels are created?
For 5: $\frac{5 \times 4}{2} = 10$. For 6: $\frac{6 \times 5}{2} = 15$. Additional channels $= 15 - 10 = 5$.
Name the five components of the basic (Shannon-Weaver) communication model.
Sender (encodes message), Message, Medium/Channel, Receiver (decodes message), and Feedback/Acknowledgment. Noise can interfere at any point.
What is 'noise' in a communication model?
Anything that interferes with or distorts the transmission and understanding of a message—e.g., language differences, distractions, cultural bias, technology failures, or attitudes.
What are the three main communication methods (per PMBOK)?
Interactive communication (real-time multidirectional, e.g., meetings, calls), Push communication (sent to specific recipients, e.g., emails, reports), and Pull communication (recipients access at will, e.g., portals, knowledge bases).
Which communication method is most effective for ensuring shared understanding and why?
Interactive communication, because it is real-time and two-way (with immediate feedback), making it the most efficient way to reach common understanding and resolve ambiguity.
Distinguish formal written, informal written, formal verbal, and informal verbal communication with examples.
Formal written: contracts, complex plans. Informal written: emails, notes. Formal verbal: presentations, speeches. Informal verbal: conversations, ad-hoc discussions.
What percentage of a project manager's time is often cited as spent communicating?
Approximately 90% of a project manager's time is spent on communication.
In face-to-face communication, roughly how is meaning distributed across words, tone, and body language (Mehrabian)?
Words about 7%, tone/paralingual about 38%, and body language/nonverbal about 55%—so most emotional meaning is conveyed nonverbally.
What is an 'information radiator'?
A large, highly visible physical or digital display (e.g., task board, burndown chart, Kanban board) placed where the team and stakeholders can easily see up-to-date project information without asking.
Compare work performance data, information, and reports.
Data: raw observations/measurements (e.g., hours worked). Information: data analyzed in context (e.g., status vs. plan). Reports: physical or electronic representation of work performance information compiled to generate decisions or awareness (e.g., status reports, dashboards).
What does a burndown chart show and what does a burnup chart show?
A burndown chart shows remaining work (e.g., story points) decreasing over time toward zero. A burnup chart shows completed work rising toward a total scope line, making scope changes visible.
What are the five stages of Tuckman's team development model?
Forming, Storming, Norming, Performing, and Adjourning (mourning). Teams move through these stages, though they may cycle back when membership changes.
At which Tuckman stage is conflict highest, and at which is the team most productive?
Conflict is highest during Storming; the team is most productive during Performing.
According to Maslow's hierarchy, what are the five levels from lowest to highest?
Physiological, Safety, Social (love/belonging), Esteem, and Self-actualization. Lower needs must be reasonably satisfied before higher needs motivate behavior.
What is the key idea of Herzberg's Two-Factor (Motivation-Hygiene) theory?
Hygiene factors (salary, working conditions, policies) cause dissatisfaction if absent but don't motivate. Motivators (achievement, recognition, responsibility, growth) are what truly drive satisfaction and motivation.
Contrast the assumptions of McGregor's Theory X and Theory Y.
Theory X assumes employees dislike work, avoid responsibility, and need coercion and close supervision. Theory Y assumes employees are self-motivated, seek responsibility, and can direct themselves toward objectives.
What are the three needs in McClelland's Theory of Needs (Acquired Needs)?
Need for Achievement (nAch), Need for Power (nPow), and Need for Affiliation (nAff). One tends to dominate and shapes how a person is best motivated and managed.
What is Vroom's Expectancy Theory, and its formula?
Motivation depends on the expectation that effort leads to performance and reward. $$Motivation = Expectancy \times Instrumentality \times Valence$$ where Expectancy = effort→performance, Instrumentality = performance→reward, Valence = value of the reward.
List the five conflict-resolution modes in the Thomas-Kilmann model and identify the win-win one.
Withdraw/Avoid, Smooth/Accommodate, Compromise/Reconcile, Force/Direct, and Collaborate/Problem-solve. Collaborating (confronting the problem) is the win-win, generally most effective approach; forcing is win-lose.
Project Management Risk, Stakeholders, and Communication FAQ
What is in the Project Management Risk, Stakeholders, and Communication syllabus?
Project Management Risk, Stakeholders, and Communication is split into 4 chapters: Risk Management, Stakeholder Management, Communication Management and Team Leadership and Conflict. Together they contain 14 topics.
How many chapters are in Project Management Risk, Stakeholders, and Communication?
4 chapters, containing 14 topics. The largest chapter is Risk Management, with 4 topics.
Are there flashcards for Project Management Risk, Stakeholders, and Communication?
Yes — a 51-card Risk, Stakeholders, and Communication deck, printed in full in the flashcards section of this page and available in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.