A network-theory based model for stakeholder analysis in major construction projects

Abstract

The high complexity and uncertainty of major construction projects (MCPs) call for a rigorous approach to manage the relationships and conflicting needs of stakeholders who act a pivotal role in project success. In reality, a project environment can be perceived as network systems composed of interconnected stakeholders, and of interrelated stakeholder issues. The characteristics of and propagating effects produced by these network structures determine the perceptions, salience and impacts of stakeholders. This paper proposes a stakeholder analysis approach based on the network theory to analyze both stakeholders and their interests from a network perspective. It can improve the accuracy, completeness and effectiveness of stakeholder management practice in construction.