Social and Behavioral Sciences Commons^™

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

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 …

Public-Private Partnerships: A Review Of Theory And Practice Of Performance, Junxiao Liu, Peter Love, Jim Smith, Michael Regan, Monty Sutrisna

Michael Regan

Purpose – This paper reviews the normative literature of performance measurement within the context of Public-Private Partnerships (PPPs). The purpose of this paper is to examine the effectiveness of current ex post evaluations of PPPs and identify a feasible direction to comprehensively and effectively measure the performance of PPP infrastructure projects.

Design/methodology/approach – An in-depth literature review is conducted in this paper. The focus of the review is associated with the general performance measurement and performance measurements of PPPs.

Findings – This paper identifies that conventional ex post evaluation is not robust enough to measure the performance of PPP projects. …

Ex-Ante Evaluation Of Public-Private Partnerships: Macroeconomic Analysis, Junxiao Liu, Peter Love, Brad Carey, Jim Smith, Michael Regan

Michael Regan

Public-private partnerships (PPPs) are currently a popular approach for governments to procure social and economic infrastructure. The macroeconomic environment plays a critical role and influences the factors that can lead to the successful delivery of a PPP project. Despite the importance of the macroeconomic environment, limited attention has been paid to ex-ante (that is, before the event, or forecast) evaluation. A review of the normative literature was undertaken, aiming to derive key performance indicators (KPIs) of PPP success. The KPIs were validated by using a vector error correction model. It is suggested that the developed KPIs can be used to …

Life Cycle Critical Success Factors For Public-Private Partnership Infrastructure Projects, Junxiao Liu, Peter Love, Jim Smith, Michael Regan, Peter Davis

Michael Regan

Public-private partnerships (PPPs) have been widely used in the procurement of economic and social infrastructure projects. Since the operation of more and more PPP projects, there have been a number of explorations on the factors that contribute to their success. Project success is often expressed by the quality of the product and project management success. Bearing in mind these perspectives, the critical success factors (CSFs) of PPP infrastructure projects under the auspices of the project management success perspective are identified and examined. A life-cycle CSF framework with embedded “learning mechanisms” is developed. The proposed framework will enable public and private …

Conceptual Framework For The Performance Measurement Of Public-Private Partnerships, Junxiao Liu, Peter Love, Peter Davis, Jim Smith, Michael Regan

Michael Regan

Public-private partnerships (PPPs) have been used widely to deliver economic and social infrastructure projects. There has been widespread debate about the factors that contribute to their success and failure. Critical to their successful implementation is effective performance measurement of the projects. With this in mind, a comprehensive review of the normative literature in association with PPPs (e.g., critical success factors, roles of public sector, concessionaire selection, risk management, cost and time issues, and finance) is undertaken and a conceptual framework for dynamic life-cycle is proposed. The paper provides both public sector and private entities with an insight into effective and …