Project Management Central
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It's paramount.
It is essential to build stakeholder confidence and develop this trust heritage. This clearly helps at least the project flow, to be faster as the communication channels between the project manager and the stakeholders become more fluid and faster and less resilient due to the accumulated trust capital.Trust also promotes stakeholder receptiveness to project manager ideas and procedures, among other advantages.
If you are not credible for your stakehodlers you have more than 90% probability to fail as project manager in the project you are assigned to.
Purposefully building trust with stakeholders is an often-overlooked portion of the project manager’s responsibility. Building that heritage of trust brings many benefits to include: less oversight, better communications and confidence just to name a few.
Yes - for example, increased trust encourages willingness on the part of senior stakeholders to let the team self-organize which in turn would lead to better performance through higher levels of individual team member motivation.
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