Abstract

This research delves into the contribution of collaboration among stakeholders towards enhancing the project as a whole by delivering project milestones, sharing knowledge and preventing conflicts. Out of the 210 adherents, data was collected from a sample of 210 who responded through a questionnaire and the results indicated that reasonably high percentages of those surveyed demonstrated a shared sense of understanding and readiness towards working collaboratively within project constraints. The descriptive statistics and the regression analysis that was employed to analyze data has shown that collaboration among stakeholders has got a high positive impact on milestone achievement (β = 0.75, p < 0.001) and knowledge sharing (β = 0.60, p < 0.001). However, on the other hand, while they have an impact, the effects in terms of preventing conflict are not strong, revealing a positive correlation (β = 0.50, p < 0.001) management of conflict, but moderate. These findings support the notion that within the management perspective, strategy focused communication, trust, and participative decision-making processes are key to high success in projects. The Structural Equation Modeling (SEM) results also highlight that the fitted models are of a good fit (CFI=0.98, TLI=0.97, RMSEA=0.04) which support the hypotheses saying there is greatest amount of stakeholder collaboration, there is greatest milestone achievement, there will be more knowledge sharing and conflict will be less. The reliability analysis also supported the hypothesis that constructs were interrelated and associates with one another as all the values of Cronbach’s Alpha were above 0.70 (0.83, 0.78 and 0.81) for Stakeholder Engagement, Project Trust and Conflict respectively.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.