Nazim Ullah

Project failure and stakeholders reaction: a conceptual study

  • Authors Details :  
  • Nazim Ullah ,  
  • Ifthakarul Islam Showrav,  
  • Mubarrat Masrur Eram

128 Views Reviews Article

Effective project management requires an understanding of how stakeholders are impacted by project failure. It draws attention to the effects on those involve finances, reputations, and emotions, assisting organizations in risk avoidance and fostering stakeholder satisfaction, trust, and long-term success. The purpose of this study is to provide proactive risk management, stakeholder involvement, and project result strategies. In order to compile this study, we have used a number literature reviews ranging from 2004 to 2023. The study's findings show that project failure results in significant financial losses, harms reputation, has legal ramifications, affects employee wellbeing, stifles relationships with stakeholders, stifles innovation, and endangers communities and the environment. By Adopting proactive risk management, strong governance, open communication, employee support, stakeholder involvement, strategic resource allocation, and social and environmental responsibility to reduce these negative effects and achieve sustainable project outcomes. The policymakers, practitioners and academia should focus risk factors those are associated with the project failure and hance manage a good harmony among the stakeholders.

Article QR Code

Project failure and stakeholders reaction: a conceptual study QR Code

Article Subject Details

Article Keywords Details

Article File

Full Text PDF

More Article by NAZIM ULLAH

Roles of stakeholders towards project success: a conceptual study

Stakeholder plays significant roles in project success. they ensure clear communication of project goals, contribute to decision-making, and demonstrate commitment, increasing the ...

Effects of triple constraints on project success: evidence from bangladesh

Project management plays significant roles to the success of the project. the aim of the study is to review and analyze latest literature on the effects of triple constraints on th...