Combining Stakeholder and Risk Management: Multilayer Network Analysis for Complex Megaprojects
Publication: Journal of Construction Engineering and Management
Volume 150, Issue 2
Abstract
Although megaprojects are complex socio-technical systems that cannot be fully understood by analyzing their components in an isolated way, integrated approaches combining risk and stakeholder analyses remain underdeveloped in the literature. This study proposes a multilayer network analysis that integrates economic transactions between stakeholders and risks to identify discrepancies that may lead to underperformance. This technique was implemented in an Italian megaproject case. The comparison between traditional stakeholders and the proposed multidimensional risk-stakeholder networks reveals the capacity of the latter to accurately capture misalignments between multiple dimensions, such as risk allocation, economic transactions, and project performance. While previous studies have explored one-dimensional networks involving either stakeholders or risks, the novel approach proposed in this paper integrates both dimensions. This research contributes to stakeholder and risk management theory by highlighting the significance of combined stakeholder-risk multilayer networks and introducing a multidimensional approach to quantitatively assess risk propagation and its impact on project outcomes while considering the stakeholders’ role.
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Data Availability Statement
Some or all data, models, or codes that support the findings of this study are available from the corresponding author upon reasonable request.
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Published In
Journal of Construction Engineering and Management
Volume 150 • Issue 2 • February 2024
Copyright
© 2023 American Society of Civil Engineers.
History
Received: Mar 24, 2023
Accepted: Sep 29, 2023
Published online: Dec 12, 2023
Published in print: Feb 1, 2024
Discussion open until: May 12, 2024
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