STUDY AND ANALYSIS OF STAKEHOLDER MANAGEMENT FACTORS AND ITS INFLUENCE ON PROJECT PERFORMANCE IN CONSTRUCTION INDUSTRY

Interest in stakeholders has grown considerably since Freeman’s (1984) seminal work “Strategic Management: A Stakeholder Approach” was published. The interactions and interrelationships between stakeholders largely determine the overall performance of a construction project, and have the crucial responsibility for delivering a project to successful completion. An important component of stakeholder management is stakeholder analysis. Two case studies are conducted in Southern part of Tamil Nadu (India). The main objective was to carry out stakeholder analysis using Microsoft Excel, considering the data’s collected from the project execution team using questionnaire. During data collection the key stakeholders were identified, to know how to manage them, their interest, power, attitude level etc, for quality improvement. Analyse the results using the software Microsoft Excel and modelling of stakeholders is to be done. Finally validate the models of the projects. These findings may mainly reflect the stakeholder management environment in the respective regions of project implementation.