Stakeholders, the name says it all. They are every group or individual with an interest or concern in your business, or project outcomes. More than often they’re a very wide and diverse group, with varying views and values. In saying that though they are concerned with one thing; success! And they should be, with 50%-90% of risks being registered as associated with stakeholders (Bourne, 2015).

This high concern for risk can be a source of stress for many stakeholders and needs to be managed with one simple thing, clear communication. Bourne (2015) discusses the three main ways to effectively communicate with stakeholders, ensuring everyone is on the same page. To review Bourne’s communication methods, view the article.

This article was derived from http://pmworldlibrary.net/