What s the best approach to managing stakeholder expectations

Question

What strategies to use to ensure alignment and maintain trust throughout the project?

Answer 1

Effective management of stakeholder expectations is critical for the success of a project. Here's how I approach this based on my experience:

• Clarity eliminates misunderstandings later, so all stakeholders are ensured to have a common understanding of the project's goals, scope, timelines, and deliverables. 
• I avoid overpromising and focus on achievable targets. It is essential to be upfront about potential challenges and limitations so that stakeholders understand what is feasible.
• I engage the stakeholders during the planning phase and make sure that priorities are aligned with all their concerns. This encourages collaboration and trust in the relationship.
• Keep stakeholders informed through regular status reports, meetings, or dashboards about the progress, achievements, and potential risks or changes.
• If problems occur, I report them immediately, as well as the actions being taken to resolve them. Stakeholders appreciate honesty and proactive problem-solving.