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Stakeholder Impact Analysis

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Human-Written

Words: 958 |

Pages: 2|

5 min read

Published: Mar 28, 2019

Words: 958|Pages: 2|5 min read

Published: Mar 28, 2019

Stakeholders are those who are directly or indirectly related to the business and also business can influence their life positively or negatively. Businesses success or failure can be result of their prosperity as well. For a construction industry, the number and variety of stakeholder is vast. Here the stakeholders of construction industry are separated into two categories:

  • Internal Stakeholders: Internal stakeholders are those who are directly elaborated with the business and also associating with any organization collectively to achieve a goal. For a construction industry internal stakeholders are suppliers (raw materials & machineries), land owners, project team (architectures, engineers, labors), investors, clients, unions or community from the same industry.
  • External stakeholders: External stakeholders are those who are not involved with the business but what output is made by any businesses have influence over their life. For a construction industry external stakeholders are Government, Local politicians, local citizens.

Safety management in construction is an essential effort and its realization requires inputs from entire stakeholders across strategy and construction phases. When it is a matter of safety issues, construction site industry is in the most dangerous position. In Bangladesh, construction sites follow a minimal level of safety guideline which is regulated by government. Many unethical practices are seen in these industry whether it is a government project or a private project. And also it has a broader impact on their both external and internal stakeholders. The following chart shows the impact over different stakeholders due to lack of safety procedure practices:

Government

    • Government sets the rules and regulations of any business in any industry. But the fact is whether companies are obeying those rules or not.
    • Government is always responsible for inspecting the standard of using safety elements in any construction project site.

Clients

    • Clients are the users of any constructed project. If the project was not completed using safety guard’s clients may get dissatisfied to the company or the project.
    • Trust issue arises on client’s mind about the quality of the constructed building or roads.

Local neighborhood citizens

    • Lack of safety process can be harmful to the local citizens. In the rural areas big commercial buildings are often constructed without having proper guards and roads are busy most of the day time.
    • According to Prothom Alo, in the year 2003 an 8 years old girl died while going to school because of a fallen brick from an under construction apartment.Unions or community
    • Mostly daily labors are associated with some labor union committee. If any of the employee gets hurt due to lack of safety issues they might start strike and work may stop.
    • If construction work hampers others property or asset it also violates the regulations of communism.

Employees

    • Now a day’s employees are getting more concerned about their own safety during their work hours but many real estate companies don’t provide enough safety equipment’s for their labors.
    • Employees are not enough skillful using those safety kits.
    • In 2008, during construction of Irish Noorjahan, the rope of the carrier ripped while carrying 5 labors. As a result, 5 of them died on the spot. This incident happened because of access of load.

Local Politicians

    • Local politicians also create pressure to the project team to ensure safety guards usage so that employees or the labors don’t get hampered.
    • In rural areas, local politicians may use their power to employment of local labors. But if their standard doesn’t meet requirements of skill it may cause severe accidents.

Suppliers

    • Some big suppliers have always requirement of highly safety uses in the construction site.
    • Government projects which are conducted by the foreign companies follows strict guideline for safety issues, so that often many local labors don’t get synced with it.
    • May refuse to work without having proper safety guideline and equipment’s.

Stakeholders Impact Mitigation Strategy:

To meet the standard at most and reduce the deficiency in the process we have to follow following steps to come across stakeholder’s demand:

Step 1: Identifying Stakeholders:

In the first step who are the actual stakeholders of the particular project. For government projects it may cover the whole population of the country but most of the private projects engage little number of stakeholders. Identifying the potential stakeholders who will be effected by the project’s success or failure is most important to reach the level of standards they demand for.

Step 2: Preformed Safety Guidelines:

Before any project starts every project must have some precaution, settled rule which will be strictly followed by the project team. The guideline may also add some more rules during construction project depending on the external factors. All the members of the project team must be aware of the guideline and agenda.

Step 3: Analyze Stakeholders influence:

Stakeholders are differently influenced depending on the need of their own. Every project doesn’t require same sort safety precautions. As example, for road construction using heavy machines and unloading mostly occurs during the night. In building construction, covering the road from the upper surface with tin is an ethical practice of safety.

Step 4: Manage Stakeholders Expectation:

In this stage, project manager should be able to collaboratively work with both organizations capability and stakeholders demand & needs. They have to ensure that proper equipment’s and safety guards are available and project wouldn’t hamper anyone’s private asset of lives!

Step 5: Taking Action:

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In the last stage, after generating all the information regarding demand and capability, it is the time to efficiently and effectively implementing the safety issues into the project. And all the actions that has been implemented on a construction project should always be under the surveillance of any expertise.

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Cite this Essay

Stakeholder Impact Analysis. (2019, March 27). GradesFixer. Retrieved November 20, 2024, from https://gradesfixer.com/free-essay-examples/stakeholder-impact-analysis/
“Stakeholder Impact Analysis.” GradesFixer, 27 Mar. 2019, gradesfixer.com/free-essay-examples/stakeholder-impact-analysis/
Stakeholder Impact Analysis. [online]. Available at: <https://gradesfixer.com/free-essay-examples/stakeholder-impact-analysis/> [Accessed 20 Nov. 2024].
Stakeholder Impact Analysis [Internet]. GradesFixer. 2019 Mar 27 [cited 2024 Nov 20]. Available from: https://gradesfixer.com/free-essay-examples/stakeholder-impact-analysis/
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