International Project Management Association (IPMA) Practice Exam

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What is a key benefit of stakeholder engagement during a project?

Increased project costs
Greater resistance to changes
Improved project success rates
Reduced need for project documentation

The correct answer is: Improved project success rates

Engaging stakeholders during a project is crucial for many reasons, with one of the primary benefits being the improvement of project success rates. When stakeholders are involved, they provide valuable insights, feedback, and support that can shape the project's direction positively. Their engagement often leads to a better understanding of project objectives and increases buy-in from those affected by the project, which can reduce resistance and enhance collaboration. Furthermore, stakeholder engagement fosters clearer communication, helps identify potential issues early, and aligns the project goals with the stakeholders' expectations. This holistic approach ensures that the project is not only completed on time and within budget but also meets the needs and desires of the stakeholders involved, ultimately contributing to its overall success.