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A systematic stakeholder management approach in aviation construction projects - Dissertation Example

Masters
Dissertation
Engineering and Construction
Pages 51 (12801 words)
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Summary

This research aimed at differentiating what stakeholders are significant to the project management, what level of risks they may bring and thus their classification on such basis, and develop methodology for systematically managing the stakeholders in projects…

Extract of sample
A systematic stakeholder management approach in aviation construction projects



The research concluded that the most significant stakeholders with whom higher risks were associated were suppliers, clients and end users of the project. Due to their diverse and varying roles during the entire phases of the project and the tremendous risks associated with their demands and expectations, these stakeholders must be managed from very initial stages of the project. Another barrier to effective stakeholder management was lack of realization that as the project lifecycle progresses the changes have exponential negative impact on project outcomes. These changes towards the mid and end of the project cause significant increase in cost and delay the project timeline due to discoveries of stakeholder demands that should have been addressed in the initiation and planning stages of the project. The research revealed that planning, evaluation, closing and effective employment of tools and techniques for stakeholder management were the areas that needed improvement. This research is aimed to investigate the management of stakeholders in construction project in global aviation industry. The aim of this research is to
• Identify those stakeholders that are more crucial to the project management and devise a more proactive and focused approach in managing relationships with them.
• Determine which stakeholders influence project successful completion and thus developing a more systematic and concentrated risk management approach.
• Identify areas that require more concentration to improve project stakeholder management.

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