Ecosystem Services

Correct Answer: Cultural services

The ecosystem services that a natural landscape provides to sustain local cultural traditions refers to Cultural services. Cultural services are the non-material benefits people obtain from ecosystems through spiritual enrichment, cognitive development, reflection, recreation, and aesthetic experiences. They include, for example, knowledge systems, social relations, and aesthetic values. On the other hand, Regulating services are the benefits obtained from the regulation of ecosystem processes, Provisioning services refer to all the products obtained from ecosystems, and Supporting services are services that are necessary for the production of all other ecosystem services. However, in this context, Cultural services best describe the scenario described in the question since they reflect benefits humans derive from a landscape that is of importance to their cultural tradition.

Correct Answer: Conducting a comprehensive stakeholder analysis to identify key beneficiaries of ecosystem services.

Conducting a comprehensive stakeholder analysis to identify key beneficiaries of ecosystem services is the most crucial action for the project manager to undertake during the project planning phase. A stakeholder analysis helps to identify and understand the interests, expectations, and influence of individuals or groups who can affect or be affected by the project. In a project focused on preserving and enhancing ecosystem services, it is essential to identify the key beneficiaries of these services, such as local communities, farmers, or businesses that rely on the ecosystem. By conducting a stakeholder analysis, the project manager can ensure that the project's objectives align with the needs and expectations of the beneficiaries, and can develop strategies to engage and communicate with them effectively throughout the project lifecycle. The other options, while important, are not as critical during the planning phase. Identifying potential risks, developing a budget plan, and implementing a monitoring system are all crucial steps, but they should be informed by a thorough understanding of the stakeholders and their needs, which can be achieved through a comprehensive stakeholder analysis.

Correct Answer: Contingent Valuation

Contingent Valuation is the best choice for non-market valuation when trying to understand the societal importance of a local water reservoir project. It measures the values of goods and services in the ecosystem by determining what people are willing to pay for them even if they are not currently being sold in the market. In this case, it can give a financial estimate of the societal importance of the water reservoir project. On the other hand, Monetary Valuation, Direct Market Valuation, and Hedonic Pricing are not the best choices. Monetary Valuation and Direct Market Valuation aren't suitable because the water reservoir's societal importance isn't directly sold in the market, while Hedonic Pricing would require some form of indirect inference from the prices of goods and services associated with the water reservoir.