Governance of Relationship Risks in Megaprojects: A Social Network Analysis
Megaprojects usually involve an alarmingly large number of stakeholders that form a complicated social network and lead to significant relationship risks to client/owners. Therefore, it is necessary to carry out megaproject risk management from a sociological point of view. Based on a case study of...
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| Format: | Article |
| Language: | English |
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Wiley
2019-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2019/1426139 |
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| author | Linlin Xie Ting Han Martin Skitmore |
| author_facet | Linlin Xie Ting Han Martin Skitmore |
| author_sort | Linlin Xie |
| collection | DOAJ |
| description | Megaprojects usually involve an alarmingly large number of stakeholders that form a complicated social network and lead to significant relationship risks to client/owners. Therefore, it is necessary to carry out megaproject risk management from a sociological point of view. Based on a case study of the Zhuhai Port, which connects Hong Kong, Zhuhai, and Macao, this paper analyzes the relationship risk between stakeholders and corresponding risk management strategies using social network analysis (SNA). The findings show that stakeholders with a lower density and higher centrality in the network have comparatively a lower relationship risk. Different stakeholders should choose appropriate partners to improve their centrality, reduce the network density to increase their ability to access resources, and enhance their influence and independence in the network. For megaproject client/owners, identifying and monitoring key stakeholders is the key to effective relationship risk governance. The findings provide a number of practical implications for relationship risk management and further demonstrate the importance of stakeholder teamwork, particularly for megaprojects. |
| format | Article |
| id | doaj-art-0a3d1168e66749c0b279eb57d91a3528 |
| institution | Kabale University |
| issn | 1687-8086 1687-8094 |
| language | English |
| publishDate | 2019-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-0a3d1168e66749c0b279eb57d91a35282025-02-03T07:24:38ZengWileyAdvances in Civil Engineering1687-80861687-80942019-01-01201910.1155/2019/14261391426139Governance of Relationship Risks in Megaprojects: A Social Network AnalysisLinlin Xie0Ting Han1Martin Skitmore2South China University of Technology, Guangzhou, ChinaSouth China University of Technology, Guangzhou, ChinaQueensland University of Technology, Brisbane, AustraliaMegaprojects usually involve an alarmingly large number of stakeholders that form a complicated social network and lead to significant relationship risks to client/owners. Therefore, it is necessary to carry out megaproject risk management from a sociological point of view. Based on a case study of the Zhuhai Port, which connects Hong Kong, Zhuhai, and Macao, this paper analyzes the relationship risk between stakeholders and corresponding risk management strategies using social network analysis (SNA). The findings show that stakeholders with a lower density and higher centrality in the network have comparatively a lower relationship risk. Different stakeholders should choose appropriate partners to improve their centrality, reduce the network density to increase their ability to access resources, and enhance their influence and independence in the network. For megaproject client/owners, identifying and monitoring key stakeholders is the key to effective relationship risk governance. The findings provide a number of practical implications for relationship risk management and further demonstrate the importance of stakeholder teamwork, particularly for megaprojects.http://dx.doi.org/10.1155/2019/1426139 |
| spellingShingle | Linlin Xie Ting Han Martin Skitmore Governance of Relationship Risks in Megaprojects: A Social Network Analysis Advances in Civil Engineering |
| title | Governance of Relationship Risks in Megaprojects: A Social Network Analysis |
| title_full | Governance of Relationship Risks in Megaprojects: A Social Network Analysis |
| title_fullStr | Governance of Relationship Risks in Megaprojects: A Social Network Analysis |
| title_full_unstemmed | Governance of Relationship Risks in Megaprojects: A Social Network Analysis |
| title_short | Governance of Relationship Risks in Megaprojects: A Social Network Analysis |
| title_sort | governance of relationship risks in megaprojects a social network analysis |
| url | http://dx.doi.org/10.1155/2019/1426139 |
| work_keys_str_mv | AT linlinxie governanceofrelationshiprisksinmegaprojectsasocialnetworkanalysis AT tinghan governanceofrelationshiprisksinmegaprojectsasocialnetworkanalysis AT martinskitmore governanceofrelationshiprisksinmegaprojectsasocialnetworkanalysis |