Chandr, Herry Pintardi and Indarto, and Wiguna, I Putu Artama and Koming, Peter F. Model of Stakeholder Influence on Project Success: Finding from Construction Project in East Java. International Journal of Academic Research, 4 (2). pp. 41-45. ISSN 2075-4124
Abstract
A great deal of literature has pointed to the important of stakeholders’ role on project success. Likewise, stakeholders such as owners, construction management consultants, design consultants, contractors, and subcontractors/ suppliers have influence on project success. This paper reports on the results of an empirical study that developed and tested the model to predict how well the role of stakeholders on projeect success. The role of stakeholders on project success was defined of three latent variables including stakeholder impact, stakeholder engagement, and stakeholder psychological empowerment. Meanwhile, project success can be measured by cost performance, time performance, quality performance, profitability, and customer satisfaction. The data obtained from a questionnaire survey to 204 respondents were analyzed by using stuctural equation modeling (SEM). The result of the study verified the model, and according to the SEM analysis results, path coefficient values were, 0.416 for stakeholder impact, 0.233 for stakeholder engagement, and 0.492 for stakeholder psychological empowerment correlated to project success.
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