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Not properly managing stakeholders in a project can lead to several negative implications. These can include miscommunication, lack of stakeholder engagement and support, potential conflicts, and ultimately, project failure. Stakeholders have a significant influence on the project's success, and their needs and expectations must be properly managed and met. If not, it can lead to dissatisfaction, which can negatively impact the project's progress and outcome.
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Need to complete projects on time, every time? Use our Project Plan spreadsheet to triage tasks, define risks, and manage timelines with kanban or agi...
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The Project Charter lets PMs add all the specific details related to this project's scope, leadership, budget, constraints, milestones and deadlines. Below the project charter, the project stakeholder register lists all the relevant roles, their contact information, whether they are internal or external, their level of interest and influence in the project, and any specific expectations or communication requirements. Did you know that PMs spend 90% of their time communicating?
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