Most organizations have come to recognize stakeholder management as a project necessity. If you are one of the businesses yet to try it, now may be the time to start. Keeping all stakeholders quiet and content is usually the motivation behind the management, but there are other benefits to take advantage of. Elizabeth Harrin highlights four of them on her blog, A Girl’s Guide to Project Management.
1. Free resources: If your stakeholders are engaged, they will be more likely to help you whenever they can. When facing a time crunch, you can then turn to your stakeholders and friends in marketing or accounting and get some help when your team needs it most.
2. Reduce and uncover risk: You may think you’ve got it all under control, but there are always risks involved. Stakeholders can help you find those risks you’re overlooking.
3. Increase the perception of success: Your stakeholders are more likely to view the project as a success if they are involved the whole way through. Not only because they are happier, but because the engagement helps prevent any miscommunication or problems in the final outcome early.
4. Easier project closure: If your stakeholders are involved, they will be better prepared to receive the final product. You can better prep them on how to put the deliverable to immediate use, and they will be more likely to be accepting of any changes you made along the way.