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Understanding The Landscape Of Overruns In Transport Infrastructure Projects, Peter Love, Jim Smith, Ian Simpson, Michael Regan, Oluwole Olatunji
Understanding The Landscape Of Overruns In Transport Infrastructure Projects, Peter Love, Jim Smith, Ian Simpson, Michael Regan, Oluwole Olatunji
Michael Regan
Cost and schedule overruns are endemic features of transport infrastructure projects. Despite the considerable amount of research within the field of transport and planning in the past thirty years, limited progress has been made to improving the performance of projects. We contend that this will continue to be an issue as long as research efforts focus on the ‘outside view’ with emphasis being placed upon strategic misrepresentation and optimism bias. Understanding ‘why’ and ‘how’ projects overrun, particularly from both ‘outside’ and ‘inside’ perspectives, is pivotal to reducing their impact and occurrence. Thus, in conjunction with the transport and planning literature, …
Review Of Performance Measurement: Implications For Public–Private Partnerships, Junxiao Liu, Peter Love, Jim Smith, Michael Regan, Ekambaram Palaneeswaran
Review Of Performance Measurement: Implications For Public–Private Partnerships, Junxiao Liu, Peter Love, Jim Smith, Michael Regan, Ekambaram Palaneeswaran
Michael Regan
Purpose – The purpose of this paper is to review the normative literature in regard to public-private partnerships (PPPs) and their evaluations, and attempts to investigate whether the Performance Prism is a feasible framework for effective PPP performance measurement. Design/methodology/approach – An in-depth and critical literature review is conducted in this study. Discussion concentrates on PPP features, performance measurement in PPPs, performance measurement in construction, and characteristics of the Performance Prism. Findings – The Performance Prism exhibits a strong ability to capture the distinct features of PPP infrastructure projects and can be considered as a framework suitable for effective and …