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Castelblanco, G, Fenoaltea, E M, De Marco, A, Demagistris, P, Petruzzi, S and Zeppegno, D (2024) Combining stakeholder and risk management: Multilayer network analysis for complex megaprojects. Journal of Construction Engineering and Management, 150(02).
- Type: Journal Article
- Keywords: integrated management; megaproject; public-private partnership; risk management; risk propagation; social network analysis; stakeholder management
- ISBN/ISSN: 0733-9364
- URL: http://doi.org/10.1061/JCEMD4.COENG-13807
- Abstract:
Although megaprojects are complex socio-technical systems that cannot be fully understood by analyzing their components in an isolated way, integrated approaches combining risk and stakeholder analyses remain underdeveloped in the literature. This study proposes a multilayer network analysis that integrates economic transactions between stakeholders and risks to identify discrepancies that may lead to underperformance. This technique was implemented in an Italian megaproject case. The comparison between traditional stakeholders and the proposed multidimensional risk-stakeholder networks reveals the capacity of the latter to accurately capture misalignments between multiple dimensions, such as risk allocation, economic transactions, and project performance. While previous studies have explored one-dimensional networks involving either stakeholders or risks, the novel approach proposed in this paper integrates both dimensions. This research contributes to stakeholder and risk management theory by highlighting the significance of combined stakeholder-risk multilayer networks and introducing a multidimensional approach to quantitatively assess risk propagation and its impact on project outcomes while considering the stakeholders' role.
Duva, M, Mollaoglu, S, Zhao, D and Frank, K A (2024) A framework for social network interventions in AEC teams: Strategies and implications. Journal of Construction Engineering and Management, 150(02).
Gao, L, Luo, X, Wang, Y, Zhang, N and Deng, X (2024) Retention in challenging international construction assignments: Role of expatriate resilience. Journal of Construction Engineering and Management, 150(02).
Gao, W, Yan, X and Li, T (2024) Influencing factors and critical paths of virtual reality adoption by AEC enterprises based on TOE-SNA. Journal of Construction Engineering and Management, 150(02).
Hosseinian, S M and Jaberi, A (2024) Optimal sharing of construction project outcomes with downstream contracting parties: Principal-agent analysis. Journal of Construction Engineering and Management, 150(02).
Kelly, D and Koo, H J (2024) Challenges managing large historic building renovations: Lessons learned from detroit, Michigan. Journal of Construction Engineering and Management, 150(02).
McFarland, T C, Ryu, J, Haas, C and Abdel-Rahman, E (2024) Crafting safe and efficient masonry practices: Quantitative assessment of postural characteristics in movement strategies. Journal of Construction Engineering and Management, 150(02).
Thelemaque, N A and Kaminsky, J A (2024) Corporate climate pledges of high-revenue design firms and contractors. Journal of Construction Engineering and Management, 150(02).
Zarghami, S A (2024) No scheduling problem but rather a rescheduling problem: Measuring robustness of schedule network in construction projects. Journal of Construction Engineering and Management, 150(02).