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Stakeholder management and stakeholder analysis significance in the effective management of construction projects 3078-8315

Abstract

Aim: The aim of this study is to evaluate the importance of stakeholder analysis and management in completing successful construction projects.

Design/Method: A quantitative approach was taken, with a survey circulated to building professionals. The poll looked at stakeholder communication, analysis, engagement, decision-making participation, and management in relation to project success.

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Introduction

Stakeholder management is an important aspect of project management in many industries, including construction projects. Stakeholder management must be done properly for the success of any project. Managing diverse groups of people with different talents, interests and perspectives in the construction industry is challenging due to its complexity (Nguyen and Mohamed, 2018). Effective stakeholder management is essential to the success of a construction project because stakeholders are diverse and have different interests and objectives. Thus, according to Wang and Shen (2020), stakeholders’ requirements, expectations, and satisfaction are important for construction project management. Parties involved in construction projects include suppliers, contractors, customers and environmental and community organizations. According to Oke and Aigbawboa (2017), different stakeholder groups may have different expectations, concerns and influences on the project.

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References

Aaltonen, K. and Kujala, J. (2010) ‘A project lifecycle perspective on stakeholder influence strategies in global projects’, Scandinavian journal of management, 26(4), pp. 381–397.

Alhiddi, A.M. (2022) Building better together: the relationship between organisational culture and stakeholder critical success factors in construction projects. University of Northumbria at Newcastle (United Kingdom).

Bourne, L. and Walker, D. (2005) ‘Visualising and mapping stakeholder influence’, Management Decision, 43, pp. 649–660. Available at: https://doi.org/10.1108/00251740510597680.

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