Oracle Cost Management Cloud 2024 Implementation Professional Quiz 03 15Nov24 - Practice Quiz

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Question 1 of 30

In a project to implement Oracle Cost Management Cloud, a project manager conducts a stakeholder analysis and identifies several key stakeholders, including finance, operations, and IT departments. During the analysis, the project manager realizes that the finance department is primarily concerned with budget adherence, while the operations team is focused on improving efficiency. How should the project manager approach the communication strategy to ensure both departments are adequately engaged throughout the implementation process?

Develop tailored communication plans that address the specific concerns of each department, ensuring that both budget and efficiency are prioritized in discussions.

Create a single communication plan that broadly covers all aspects of the project, assuming that all departments will have similar interests and concerns.

Focus primarily on the finance department's needs, as they have the most influence over budget decisions, and address operations later in the process.

Engage with the IT department first, as they are responsible for the technical implementation, and then relay information to finance and operations as needed.

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