As the portfolio manager, you must engage stakeholders and build and maintain outstanding relationships with them as much as possible. After identifying and classifying them, you want to make sure…

The correct answer is D. A stakeholder matrix. A stakeholder matrix is the document used to capture stakeholder classification, communication needs, information requirements, and engagement strategies for each stakeholder group. It maps who stakeholders are, what information they need, how often, and in what format…

Question

As the portfolio manager, you must engage stakeholders and build and maintain outstanding relationships with them as much as possible. After identifying and classifying them, you want to make sure you provide the specific information each stakeholder group requires. Therefore you prepare:

Options

AA communications strategy matrix
BA communications matrix
CA reporting frequency matrix
DA stakeholder matrix

How the community answered

(39 responses)

A
15% (6)
B
3% (1)
C
8% (3)
D
74% (29)

Explanation

A stakeholder matrix is the document used to capture stakeholder classification, communication needs, information requirements, and engagement strategies for each stakeholder group. It maps who stakeholders are, what information they need, how often, and in what format - allowing the portfolio manager to tailor communications to each group. A communications matrix (B) focuses on message delivery logistics, a communications strategy matrix (A) is a broader strategic document, and a reporting frequency matrix (C) addresses only timing. The stakeholder matrix is the most complete and appropriate tool for ensuring each stakeholder group receives the specific information they require, making it the correct answer.

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