A framework for analysis of stakeholder dynamics and value creation in industrial maintenance projects: the stakeholder ipot

Mufaro Masarira (), Kassandra A. Papadopoulou (), Amir Rahbarimanesh (), Jyoti K. Sinha () and Uday Kumar ()
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Mufaro Masarira: The University of Manchester
Kassandra A. Papadopoulou: The University of Manchester
Amir Rahbarimanesh: The University of Manchester
Jyoti K. Sinha: The University of Manchester
Uday Kumar: Luleå University of Technology

International Journal of System Assurance Engineering and Management, 2024, vol. 15, issue 9, No 4, 4229-4251

Abstract: Abstract This paper proposes a methodological approach that can be applied in practice for evaluating stakeholder dynamics and assessing projects against appropriate value propositions within an industrial maintenance project context. A conceptual framework is proposed and is demonstrated through a case analysis. It is expected that the proposed methodology, the Stakeholder Interdependent Performance Opportunities and Threats, (Stakeholder iPOT), can advance project management practice by offering a mechanism for analysing stakeholder expectations and responses to the opportunities and threats that different project events present. This study highlights the need for continued investigation not only within the context of industrial maintenance projects but also in other sectors to improve our understanding and ability to effectively manage stakeholder dynamics.

Keywords: Stakeholder iPOT; Stakeholder dynamics; Risk assessment; Value creation; Industrial projects (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13198-024-02405-9

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