Managing Stakeholders in Megaprojects.The MS Working Group Report

Abstract

Stakeholder management (SM) in megaprojects was established as one of four working groups within the Megaproject COST Action. The critical importance of stakeholder management in megaprojects was identified in the first phase of the COST Action‘s research by case studies. It was obvious that stakeholder have huge impact on the performance of megaprojects. Thus, this working group started with the focus on this specific aspect of megaproject management. Thereby, the focus was aligned with the overall aim of the COSTAction: "…to understand how megaprojects can be designed and delivered more effectively to ensure their effective commissioning within Europe. Effective design and delivery means not only insuring that the megaproject is delivered on-time and to budget but that it satisfies the societal and commercial needs that motivated its creation and that it continues to do so throughout its entire life-cycle.