Q: Why should project managers communicate risks clearly to stakeholders? Select all that apply.
or
Q: Why is it important for project managers to effectively inform stakeholders about risks? Choose every option that pertains.
- To increase trust in the relationship
- To get them to provide additional teammates, if necessary
- To deflect blame on project issues, if necessary
- To convince them to provide an increase in budget, if necessary
Explanation: The project manager needs to communicate clearly about risks to develop openness and establish confidence amongst the project participants. By maintaining open communication, stakeholders are better able to comprehend the difficulties and risks that are linked with the project. Through the process of communicating risks, project managers can offer stakeholders the knowledge that is essential for them to make educated choices. This includes determining if more resources, such as colleagues, are required to address or mitigate the recognized risks.
Stakeholders need to have clear communication regarding risks for them to comprehend the possible effect that the risks might have on the project. This understanding can lead to talks about required modifications, which may include increases in the budget. Instead of seeking to persuade stakeholders, the emphasis should be on educating them on the financial implications of the situation.
