Review Paper on Stakeholder Identification and Analysis in Construction Industry: A Strategic Approach

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@article{1708058,
      author = {Hrishikesh Kulkarni, Prof. Gaurav Vispute, Prof Ashish Waghmare},
      title = {Review Paper on Stakeholder Identification and Analysis in Construction Industry: A Strategic Approach},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {8},
      number = {6},
      pages = {1082-1091},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1708058.pdf},
      abstract = {Construction is carried out in highly demanding and complicated build environments where projects carried out by coalitions of numerous stakeholders with varying interests, objectives and socio-cultural background. Although stakeholder management recognised as a means of increasing the propensity for successful delivery of construction projects, its full potential has yet to be realised. Previous research has shown that the existing frameworks focus on the overall stakeholder management process or their corresponding challenges and lack s detailed process for stakeholder identification and analysis. Stakeholder management begins with stakeholder identification and builds on stakeholder analysis. Therefore, this study aims to develop a conceptual framework for stakeholder identification and analysis in construction projects in order to enhance the stakeholder management process. A comprehensive study is carried out on prior works on stakeholder management to achieve the aim. Current practices of stakeholder identification, classification and analysis methods; knowledge assets referred; factors taken into account for stakeholder identification and analysis are investigated using semi-structured interviews and questionnaire surveys. After data analysis, it is found that brainstorming in group meetings, stakeholder role classification and Stakeholder Salience Model are the preferred methods for stakeholder identification, classification and analysis respectively.},
      keywords = {Stakeholder management, Stakeholder identification, Stakeholder Analysis, Success factors, Knowledge Assets, Framework.},
      month = {December},
  }