The Importance of Stakeholder Management in Program Success Effective stakeholder management is crucial for the success of any program. Stakeholders—individuals or groups with an interest or investment in the program—can influence its direction, support its objectives, or pose challenges. Here’s why managing stakeholders well is so important and how you can do it effectively: 1. Understanding Stakeholder Impact a. What is Stakeholder Management? Stakeholder management involves identifying, engaging, and communicating with individuals or groups who are affected by or have an influence on the program. It ensures that their needs and expectations are met, which is vital for the program’s success. Benefits: Align Objectives: Ensures that the program objectives align with stakeholder expectations. Build Support: Helps gain and maintain support from key stakeholders. Mitigate Risks: Identifies and addresses potential issues before they become problems. b. Types of Stakeholders Recognize t...