Stakeholder Relationships: How to Engage and Build Trust by Jay T T T T Get notified with latest updates June 6, 2021 Stakeholder relationships are critical as they have a vested interest in your project. Key project stakeholders can take your project to heights or take it downhill. It all depends on a blend of various factors that influence great relationships with stakeholders. Even if you meet the key objectives within timelines, if your stakeholder isn’t satisfied, it takes a toll on everyone’s happiness. Project Visions are discussed in the initial phase with a stakeholder. If the vision isn’t clear, projects are bound to suffer just like the above 29% of them! Practicing effective Stakeholder management can help Project Managers manage various stakeholders involved in a project. This blog revolves around some crucial tips for building trustworthy relations with Stakeholders. How to Enhance and Build Stakeholder Relationships? 1. Understand Issues and be Receptive In order to respond to your stakeholder issues, one needs to have clarity in understanding the problem. Misunderstandings are bound to arise. This also means the project manager must be able to ask relevant questions proactively to gain clarity. Want to make your Stakeholders feel motivated and become receptive? Actively engage and grasp their situation! Dive into the feelings and opinions of the stakeholder to fully understand their topic and agenda. Tip: Early conversations build trust and foster stakeholders’ relationships with Project Managers. 2. Update with Project progress The world isn’t blind, nor is your stakeholder. It feels great to update the positive progress of a project. However, resisting negative updates of a project can spoil your image. Of course, it’s never recommended to pressurize yourself with unreasonable demands. But having the courage to talk openly will help you score points for being realistic. Tip: Present a negative update and come up with a power-packed solution to instill hope for the project. 3. Provide Win-Win solutions Sometimes painting a rosy picture doesn’t help in gaining the stakeholder’s trust. Sharing synergies and mutual benefits can highly benefit both parties. Your project interest at heart will instantly create a sense of trust for the stakeholder. Compromising from either party can offer no solution in the end. A win-win idea can present your skills and potential to the stakeholder. Tip: Present a negative update with the best possible solution to reduce the judgmental feeling. 4. Encourage Stakeholders to share inputs Creating a pathway for your stakeholder to provide feedback can help you rectify the bottlenecks of a project. Encourage your stakeholder to voice their opinions without fearing judgments. These days, a lot of Project management software comes with smart documentation systems that can help stakeholders stay up-to-date with project progress. Tip: e-Surveys and online engagement can help reduce the barriers to engagement with stakeholders. Those who aren’t tech-savvy can be made to fill up user-friendly multiple-choice lists. 5. Stay Consistent in Communicating Remember this phrase, “Out of sight is out of mind”? Consistency in communication builds rapport among people in any area of business. After all, your stakeholders are humans. Make stakeholders feel like they’ve been heard. Acknowledging their messages goes a long way in long-term stakeholder relationship building. Make your messaging as clear as possible. Regular communication is key to winning stakeholder support. Tip: Make sure your communication is scheduled often. This makes stakeholders much happier to more likely to support your project. Manage Stakeholder Relationships at its Best! Update your progress and make it known to Stakeholders through Orangescrum. This secure platform saves time by easily recording and reporting communications, tasks, issues, and contacts, also beneficial to Stakeholders. Explore the new side of Project Management today! TAKE ME TO ORANGESCRUM!