Structural equation model confirming the strategies for successful stakeholder management in PPPs

Jayasuriya, W, Zhang, G and Yang, J 2017, 'Structural equation model confirming the strategies for successful stakeholder management in PPPs', in Marsha Lamb (ed.) Proceedings of the 41st Australasian Universities Building Education Association (AUBEA 2017), Melbourne, Australia, 3-5th July 2017, pp. 341-350.


Document type: Conference Paper
Collection: Conference Papers

Title Structural equation model confirming the strategies for successful stakeholder management in PPPs
Author(s) Jayasuriya, W
Zhang, G
Yang, J
Year 2017
Conference name AUBEA 2017: Transforming Built Environment Education and Practice: Leveraging Industry Partnerships
Conference location Melbourne, Australia
Conference dates 3-5th July 2017
Proceedings title Proceedings of the 41st Australasian Universities Building Education Association (AUBEA 2017)
Editor(s) Marsha Lamb
Publisher RMIT University
Place of publication Melbourne, Australia
Start page 341
End page 350
Total pages 10
Abstract Public Private Partnerships (PPPs) have become an increasingly popular choice for the delivery of infrastructure facilities in the recent years. With the involvement of multiple numbers of stakeholders in a PPP project, stakeholder management (SM) plays a decisive role in project success. However, many issues in the recent PPP projects in Australia as well as around the world can directly or indirectly related to the SM concerns of a project. The correct selection of SM strategies and a proper framework will help to solve most of the current SM related issues in PPP projects. In an attempt to understand these pre-emptive SM strategies and their links to SM management related issues in PPP projects, a hierarchical structural model was established. Subsequently, by employing the structural equation modelling technique, the model adapts a total of 34 SM strategies and 12 SM related issues. Based on the survey data collected across the industry experts who have exposure to a various number of PPP projects in Australia the results of the model confirmed that the SE is a key to minimize the SM related issues in the PPP projects. Further, interestingly stakeholder management monitoring and SM related issues has a positive significant relationship suggesting that more the stakeholder management monitoring might lead to more issues. Finally, the relationships between the main tasks of SM were confirmed via the model. With a clear understanding of the significance of these SM strategies in PPP projects the findings could potentially contribute to the PPP project success.
Subjects Building Construction Management and Project Planning
Keyword(s) Issues
Public Private Partnerships
SM
Strategies and Structural Equation Modelling.
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