In terms of stakeholder engagement, what should program managers prioritize?

Program managers should prioritize developing strategies for regular interaction and feedback with stakeholders because effective stakeholder engagement is crucial for the success of any program. Engaging stakeholders ensures that their needs, expectations, and perspectives are understood and considered throughout the program's lifecycle. Regular communication fosters a collaborative atmosphere, helps build trust, and allows for the timely identification and resolution of potential issues.

By prioritizing interaction and feedback, program managers can gather valuable insights that can lead to more informed decision-making, better alignment of project objectives with stakeholder expectations, and increased support for the program. This proactive approach to engagement can significantly improve stakeholder satisfaction and contribute to the overall success of the program.

In contrast, minimizing stakeholder involvement would likely lead to misunderstandings, dissatisfaction, and missed opportunities for enhancement. Focusing only on financial stakeholders can result in key insights from other important groups being overlooked, while relying solely on formal communication channels may hinder open dialogue and the flow of information necessary for effective collaboration.