If you are an aspiring project manager, we are sure you are always looking for ways to make your project successful. Many factors determine the success of a project. Out of them, achieving trust is crucial. Let us see the ways in which better transparency can help build trust amongst stakeholders and thus lead to project management success:
It allows Team Members to understand the bigger picture
Transparency is all about ensuring that all team members have a shared understanding of company’s vision/mission and thus can work together towards achieving project vis-à-vis business goals. At the same time, it also ensures that budget-related implications (that includes all costs incurred during project execution) are known upfront.
Transparency helps generate better commitment.
It can help build a deep and personal commitment towards achieving an organization’s objectives, but it isn’t always necessary.
Higher transparency helps generate better participation of Gen Y.
Transparency is vital for any project, and it’s becoming even more so as the world continues to move faster. It means that you need all participants in your team – from older generations who grew up with traditional work methods (like paper trails), through millennials or generation y-to understand how crucial is this new norm to create successful outcomes together!
Better transparency enables to win the trust of customers
Customers are more likely to share their ideas with you if they feel trusted. Transparency is also a way to engage customers/stakeholders and thereby earn their respect by making them partners in progress rather than just consumers.
Conclusion
If you want to be a successful project manager, maintaining transparency is vital, which in turn will help build trust, improve morale, lower stress, increase happiness and thus lead to higher levels of performance.