Construction Stakeholder Management
Chapter One
Introducing Stakeholder
Management
Ezekiel Chinyio and Paul Olomolaiye
1.1 Introduction
This book discusses stakeholder management as it is particularly applicable to construction
practice. This chapter sets the scene by defining stakeholders and the concept of stakeholder
management. Readers who are fairly conversant with stakeholder management may wish to
skip this introductory chapter.
The generic origins and nature of stakeholders' interests are identified. The pluralistic
nature of stakes and the need to manage these in an undertaking is portrayed. In most construction
projects, there will be many stakeholders and their presence in itself is a potential
conflict of interests. There is a need to manage this diversity proactively to forestall conflicts
and even disputes. Therefore, most of the stakeholders that are visible in construction are
flagged up in this chapter.
1.1.1 Stakes and stakeholders
A stake is an interest or a share in an undertaking while a stakeholder is an individual ... read full excerpt from Construction Stakeholder Management ebook
