Q: A data analytics team is working on a project to measure the success of a company’s new financial strategy. Select the person most likely to be the primary stakeholder for this project.
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Q: On a project to gauge the effectiveness of a business’s new financial plan, a data analytics team is at work. Choose the individual who is most likely to be the project’s main stakeholder.
- The project manager
- The data analyst
- The vice president of finance
- The director of analytics
Explanation: The Chief Financial Officer (CFO) of a firm is the one who is most likely to be the key stakeholder in a project that is monitoring the performance of the new financial plan that the company has implemented. The Chief Financial Officer (CFO) is a senior executive who is responsible for managing the many financial parts of the business, making financial choices, and ensuring that the firm is in good overall financial health. The Chief Financial Officer (CFO), in their role as the head of the finance department, would have a direct and major stake in evaluating how well the new financial plan is working. They are most likely the most important stakeholder in directing the project, and they are interested in the results since they will be used to guide financial decision-making.
