Stakeholder Value Constructs in Megaprojects: A Long-Term Assessment Case Study

Abstract

By definition, megaprojects consume numerous resources and impact numerous people, even across generations; it is therefore important that they bring considerable value to their initiators and other stakeholders. Based on stakeholder value construct frameworks identified in the literature and a single case study of the construction and operations of an over 50-year-old American highway bridge, we identify ways to understand, classify, and express megaproject stakeholder value. The research links different stakeholder types to types of value constructs. Knowing which types of value constructs matter to different stakeholder types could potentially help project representatives communicate more efficiently and effectively.