How Effective Stakeholder Management Drives Product Success
Program and product management involve complex processes that require careful planning, execution, and monitoring. Involves complex processes that require careful planning, execution, and monitoring. One of the critical factors that can determine the success or failure of these processes is stakeholder management.
Stakeholders are individuals or groups that have an interest or a stake in a project or program. They can be internal or external to the organization and can include customers, employees, suppliers, partners, investors, regulatory authorities, and others.
Effective stakeholder management
Effective stakeholder management is crucial for several reasons. First, it can lead to better decision-making. When stakeholders are involved in the decision-making process, they provide valuable insights and perspectives that can help the program or product manager make informed decisions.
By considering the needs, expectations, and requirements of all stakeholders, the manager can ensure that the program or product is aligned with the organization’s goals and objectives.
Improving communication
Second, stakeholder management is essential for improving communication. As a Program…
