Roles of Stakeholders Towards Project Success: A Conceptual Study

Ullah, Nazim and Rashid, Mamun and Islam, Taufiqul and ayub, Md and Tanzi, Shariar and Utsho, Mohaiminul (2023): Roles of Stakeholders Towards Project Success: A Conceptual Study.

Abstract

Stakeholder plays significant roles in project success. They ensure clear communication of project goals, contribute to decision-making, and demonstrate commitment, increasing the likelihood of successful outcomes. They also act as advocates within their organizations, generating buy-in and support. The main purpose of this paper is to identify and discuss the roles of shareholders in a project success. The paper is conceptual in nature and uses a number literatures ranging from 2007 to 2023 from a good number of journals. After scrutinized the literature review, the paper concludes a number of findings. The findings implies that stakeholders in a project is crucial for its success and sustainability. They play a significant role in ensuring the performance of the project. Project managers need to acquire stakeholder management skills to address the communication requirements of stakeholders. This is important for the success of the project. The paper recommend that policymakers, practitioners and academia have to ensure the expectations and make a balance among the stakeholders.

• Item Type: MPRA Paper
• Language: English
• Keywords: Stakeholders, Project Management, Stakeholder Theory, Project Outcome
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill

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