Page 28 - ipma italy journal_vol 2_04_2016

IPMA ITALY Journal of Applied Project Management
Volume 2 no. 4 (October 2016)

During project development, we  Demonstrate GE commitment.
found worthy to promote continuous Commitment is important in any
Stakeholders evaluation and relationship, romantic, family or
formal/informal feedback to ensure business-wise. Commitment is
that the project was delivering what the force that drives any
was really required - which often is not relationship forward, to a
what was originally planned for large mutually desirable target.
long-duration projects.  Maintain the promises, be on
A significant effort was dedicated to time (Say/Do Ratio).
balance the project targets, in  Keep the different Stakeholders
particular in those cases where they interests updated and
exist conflicts between different balanced throughout an
Stakeholders interests and efficient Communication Plan
expectations. based on continuous and
regular feedback.

8. Stakeholders Communication is vital in every
Management instance of our daily life and lack of
effective communication is the
The Stakeholders Management is the leading cause of failure in the
process of forming, monitoring and projects. Effective communications
maintaining constructive relationships can create solid and sincere links
with the involved Parties by between people hundreds of
influencing their expectations of kilometers away, and ineffective
gaining results from the project. The communication can break the
fundamentals on which we based our understanding between people in the
Stakeholders Management were the same room. Brazilian cultural
following: emphasis is more on personal
relationships and business people
 Keep the Stakeholders interest tend to rely significantly on both
and commitment by involving formal and informal networks for
them in key decisions. gathering and giving out information.
Whenever the project faced Sensitive information is generally
challenging roadblocks we shared only after trusting relationships
immediately informed the have been established. Especially
involved Parties in a transparent regarding new proposals, the process
way, proposing added value of persuasion and consensus building
Win-Win solutions and looking requires more time than in some other
for an agreement. cultures. Change will require a great
Transparency both on deal of time; meetings are for
successes and failures is a key discussions, not for decisions. Making
for Company credibility. connections, building relationships,
 Stakeholders engagement in and exercising patience are the three
project external added Value most important factors for establishing
activities credibility in Brazil and manage
business successfully.

27