As the project manager for a software development project, you identify that your team of developers prefers detailed technical discussions, while your investors are interested in high-level progress updates. How should you address the different communication requirements to ensure that the needs of both stakeholders are met effectively?
Eliminate routine updates to the investors and only communicate with them if there is a problem that threatens the project timelines or budget.
Focus only on high-level progress updates in all communications to avoid getting bogged down in technical details.
Send detailed technical updates to all stakeholders, including both developers and investors, to maintain transparency and keep everyone equally informed.
Create separate communication plans for the developers and investors, ensuring that each group receives information that is relevant and at the appropriate level of detail for them.