CollaborationIt is of crucial importance to any project manager to work closely with stakeholders – relevant people affiliated with your project whose opinions and actions will directly impact the project outcome. I label it “crucial” because of the whopping 30% of projects that experience failure due to poor communication. Establishing ground rules for effective stakeholders communication will save time, remove obstacles and ultimately, finish the project on time and within budget. There are several communication methods you should implement when communicating with stakeholders in your company. All methods of communication described below have their upsides and downsides, so make sure you pick the right one depending on the message you are trying to send to your stakeholders.