What is essential for achieving project success regarding stakeholder communication?

Study for the IIBA BABOK v3 Exam. Engage with flashcards and multiple-choice questions, each with hints and explanations. Boost your exam readiness!

Achieving project success hinges on effective communication with stakeholders, which is best facilitated through regular updates and transparency. Keeping stakeholders informed about project progress, challenges, and changes fosters trust and ensures that they have the opportunity to provide input, which can enhance decision-making and alignment with stakeholder expectations.

Transparency helps in managing stakeholders' perceptions and facilitates a shared understanding between the project team and stakeholders, ultimately contributing to better cooperation and commitment. It ensures that stakeholders remain engaged and that their needs and concerns are addressed promptly, which can lead to fewer misunderstandings and conflicts throughout the project lifecycle.

In contrast, limited involvement of stakeholders can lead to disengagement, causing important insights and feedback to be overlooked, while focusing solely on technical communication may risk alienating non-technical stakeholders who require clear, accessible information relevant to their interests. Moreover, minimal feedback solicitation can stifle constructive conversations that are crucial for refining the project scope and objectives, potentially jeopardizing overall project success.

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