Driving circular economy in project management: Effective stakeholder management for sustainable outcome
1 Independent Researcher, UK.
2 Independent Researcher, Houston Texas, USA.
3 Independent Researcher, Texas USA.
Review Article
GSC Advanced Research and Reviews, 2024, 20(03), 235–245.
Article DOI: 10.30574/gscarr.2024.20.3.0351
Publication history:
Received on 18 August 2024; revised on 25 September 2024; accepted on 27 September 2024
Abstract:
The transition towards a circular economy represents a fundamental shift from traditional linear models of production and consumption, aiming to maximize resource efficiency and minimize waste. This paradigm shift is particularly significant in project management, where the integration of circular economy principles can lead to sustainable outcomes and enhanced resource optimization. Effective stakeholder management is crucial for driving this transition, as it ensures that all relevant parties are engaged, aligned, and committed to circular economy goals. Circular economy principles emphasize designing for durability, optimizing resource use, and fostering recycling and reuse. In project management, these principles can be applied through strategic planning, design choices, and lifecycle management. However, implementing these principles requires robust stakeholder management to address diverse interests, foster collaboration, and achieve shared objectives. Stakeholder management involves identifying and engaging internal and external stakeholders who influence or are affected by the project. Internal stakeholders include project teams and management, while external stakeholders encompass suppliers, customers, regulators, and community members. Effective engagement involves understanding stakeholder interests, expectations, and potential contributions to circular economy initiatives. Key strategies for integrating circular economy principles into project management include stakeholder analysis and mapping, setting clear sustainability goals, and developing practices that promote resource efficiency and waste reduction. Engaging stakeholders through transparent communication, collaborative decision-making, and partnership-building can enhance buy-in and facilitate the adoption of circular practices. Case studies illustrate successful implementations of circular economy principles, highlighting the importance of stakeholder management in achieving sustainable outcomes. Lessons from these cases reveal best practices and common challenges, providing valuable insights for future projects. Challenges such as resistance to change and the complexity of stakeholder coordination must be addressed to effectively drive the circular economy agenda. Strategies for overcoming these challenges include employing change management techniques and fostering a supportive organizational culture. Driving a circular economy in project management necessitates a holistic approach that integrates effective stakeholder management with circular principles. By aligning stakeholder interests and fostering collaboration, projects can achieve sustainable outcomes and contribute to a more resource-efficient and environmentally responsible economy. Future research and development should focus on emerging trends and innovative practices to further advance circular economy integration in project management.
Keywords:
Circular Economy; Project Management; Stakeholder Management; Review
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
