Investigation of Current Practices and Challenges of Stakeholder Management Process in Construction Projects

Investigation of Current Practices and Challenges of Stakeholder Management Process in Construction Projects

V. Charan1, U. Sindhu Vaardini2

1 Student, Construction Management, KCT, Coimbatore, Tamil Nadu, India.

2 Assistant Professor, Construction Management, KCT, Coimbatore, Tamil Nadu, India.

ABSTRACT
In the construction industry, stakeholder management is essential for project success because it entails locating, evaluating, and proactively interacting with people or organizations that have the potential to have a substantial impact on project. Due to the involvement of multiple parties, including clients, contractors, subcontractors, regulatory bodies, local communities, and environmental organizations, the construction business is intrinsically complicated. Achieving project objectives, minimizing conflicts, and addressing a variety of interests all depend on effective stakeholder management. In this research, the various challenges faced by the stakeholders are identified. Alongside, the current practices followed by the stakeholders in the construction projects are explored. Based on that, the factors affecting stakeholders’ management on project performance are investigated. This research aims at identifying the most critical factors affecting the stakeholder’s performance across project success through a conceptual framework. This paper explains the direct impact made in project cycle due to stakeholder performance and major problems faced by the construction industries due to improper allocation of stakeholders. A review of earlier stakeholder management research is conducted to accomplish this goal.

Keywords: Construction, stakeholders, performance, framework