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Managing Information for a Risk Based Approach to Stakeholder Management

Author

Listed:
  • Franco Caron

    (Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Milan, Italy)

  • Fulvio Salvatori

    (Development, Operation, and Technology Office, ENI, Milan, Italy)

Abstract

This paper proposes a risk based approach in order to obtain a quantitative estimate of the salience of the stakeholders involved in a project. The integration between stakeholders and risk management processes in the Project Management System allows us to realize a twofold objective: a quantitative estimate of the salience of each stakeholder in terms of the contribution to the overall project riskiness and an identification of the most effective responses as a function of the dynamics of the risks generated by each stakeholder. The proposed approach has been applied to an international project concerning the building of a pipe line.

Suggested Citation

  • Franco Caron & Fulvio Salvatori, 2014. "Managing Information for a Risk Based Approach to Stakeholder Management," International Journal of Information Technology Project Management (IJITPM), IGI Global, vol. 5(2), pages 30-43, April.
  • Handle: RePEc:igg:jitpm0:v:5:y:2014:i:2:p:30-43
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