A project manager is leading a critical project that is experiencing significant issues. What approach should the project manager take to maintain the company's brand value?
Align project outcomes with budget and schedule objectives.
Manage project setbacks discretely to minimize impact.
Prioritize project timeline without sacrificing quality.
Communicate project progress regularly to stakeholders.
Communicating project progress regularly to stakeholders helps maintain transparency and trust, which are essential for preserving the company's brand value. Open communication keeps stakeholders informed about challenges and demonstrates the company's commitment to addressing issues responsibly.
Managing project setbacks discretely might seem beneficial, but it can lead to a lack of transparency, harming trust if stakeholders discover issues independently. Prioritizing the project timeline without sacrificing quality is important, but without effective communication, stakeholders may remain unaware of the efforts made, potentially affecting their perception. Aligning project outcomes with budget and schedule objectives focuses on internal metrics and may not directly address stakeholder concerns related to the challenges faced.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
Why is regular communication with stakeholders important in project management?
Open an interactive chat with Bash
What are some effective ways to communicate project progress to stakeholders?
Open an interactive chat with Bash
What are the risks of not communicating project setbacks to stakeholders?