Effective Project Governance in Multinational Infrastructure Projects: A Case Study from General Electric

• Author(s): Efosa Brown Amayo ; Olumide Akindele Owulade ; Lawani Raymond Isi
• Paper ID: 1706609
• Page: 1305-1324
• Published Date: 30-11-2024
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 8 Issue 5 November-2024

Abstract

This paper explores the complexities of project governance in multinational infrastructure projects, using General Electric (GE) as a case study. Multinational infrastructure projects are marked by their scale, complexity, and cross-border challenges, making effective governance crucial for project success. GE, a global leader in infrastructure development, offers valuable insights into best practices and strategies that can guide other multinational corporations. This paper provides an in-depth examination of GE’s governance structures, decision-making processes, and project oversight mechanisms, highlighting key success factors such as accountability, risk management, and stakeholder engagement. Through a comprehensive case study, the paper delves into GE’s approach to managing large-scale projects across multiple jurisdictions and cultures, identifying both successes and challenges. The findings reveal that effective governance in multinational projects requires strong risk management frameworks, inclusive stakeholder engagement, and enhanced cross-cultural management. Additionally, the paper offers recommendations for improving project governance, including the adoption of advanced technologies, strengthening risk mitigation strategies, and fostering better communication with local stakeholders. Finally, the paper suggests future research directions in the areas of digital transformation, sustainability, cross-cultural management, and risk governance to optimize governance frameworks in multinational infrastructure projects further. This research contributes to the growing body of knowledge on project governance and provides actionable insights for practitioners in the field.

Keywords

Project Governance, Multinational Infrastructure Projects, General Electric, Risk Management, Stakeholder Engagement, Cross-Cultural Management

Citations

IRE Journals:
Efosa Brown Amayo , Olumide Akindele Owulade , Lawani Raymond Isi "Effective Project Governance in Multinational Infrastructure Projects: A Case Study from General Electric" Iconic Research And Engineering Journals Volume 8 Issue 5 2024 Page 1305-1324

IEEE:
Efosa Brown Amayo , Olumide Akindele Owulade , Lawani Raymond Isi "Effective Project Governance in Multinational Infrastructure Projects: A Case Study from General Electric" Iconic Research And Engineering Journals, 8(5)