Critical Uncertainty Factors for Efficient Risk Allocation in Privately Financed Public Infrastructure Projects in Australia

There has been an increase in the number of governments that adopted public-private partnership (PPP) as an infrastructure delivery model. However, there are still misgivings about the role PPPs play in developing countriesâ€™ economies. The objective of this study is to address the question of whether the PPP model really benefits the public. This study follows a qualitative approach based on international review of literature on PPP experiences around the world. The results of the study indicate that, the PPP model can be a good vehicle for delivering public infrastructure projects in developing countries. However, for PPPs to meet the expectations of the public sector and the citizens there are certain aspects that need to be in place i.e. transparency, accountability, optimum risk allocation/sharing, and increased competition to name just a few. If a country implements its PPP programme properly, there are massive benefits compared to the public procurement approach that may accrue to consumers and the economy as a whole. Such benefits include reduced prices, which may also increase access to services. The study has elucidated valid from invalid arguments about PPPs and has established whether the PPP model is indeed the right vehicle for delivering infrastructure projects.

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Modeling Risk Allocation in Privately Financed Infrastructure Projects Using Fuzzy Logic

Computer-Aided Civil and Infrastructure Engineering ◽

10.1111/j.1467-8667.2009.00609.x ◽

2009 ◽

Vol 24 (7) ◽

pp. 509-524 ◽

Cited By ~ 29

Author(s):

Xiao-Hua Jin ◽

Hemanta Doloi

Keyword(s):

Fuzzy Logic ◽

Risk Allocation ◽

Infrastructure Projects ◽

Privately Financed

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CONSIDERATION ON THE INCORRECT COST ESTIMATION CORRESPONDING TO DESIGN FOR PUBLIC INFRASTRUCTURE PROJECTS IN LOCAL GOVERNMENTS IN JAPAN

Journal of Japan Society of Civil Engineers Ser F5 (Professional Practices in Civil Engineering) ◽

10.2208/jscejppce.76.1_43 ◽

2020 ◽

Vol 76 (1) ◽

pp. 43-51

Author(s):

Nobuo NISHI ◽

Masaru MINAGAWA ◽

Takashi GOSO

Keyword(s):

Cost Estimation ◽

Local Governments ◽

Infrastructure Projects ◽

Public Infrastructure

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PROMETHEE-based ranking of project managers based on the five personality traits

Kybernetes ◽

10.1108/k-10-2018-0551 ◽

2019 ◽

Vol 49 (4) ◽

pp. 1083-1102

Author(s):

Georgios N. Aretoulis ◽

Jason Papathanasiou ◽

Fani Antoniou

Keyword(s):

Personality Traits ◽

Questionnaire Survey ◽

Multicriteria Decision Making ◽

Project Managers ◽

Preference Ranking ◽

Infrastructure Projects ◽

Public Infrastructure ◽

Content Type ◽

The One ◽

Selection Of

Purpose This paper aims to rank and identify the most efficient project managers (PMs) based on personality traits, using Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) methodology. Design/methodology/approach The proposed methodology relies on the five personality traits. These were used as the selection criteria. A questionnaire survey among 82 experienced engineers was used to estimate the required weights per personality trait. A second two-part questionnaire survey aimed at recording the PMs profile and assess the performance of personality traits per PM. PMs with the most years of experience are selected to be ranked through Visual PROMETHEE. Findings The findings suggest that a competent PM is the one that scores low on the “Neuroticism” trait and high especially on the “Conscientiousness” trait. Research limitations/implications The research applied a psychometric test specifically designed for Greek people. Furthermore, the proposed methodology is based on the personality characteristics to rank the PMs and does not consider the technical skills. Furthermore, the type of project is not considered in the process of ranking PMs. Practical implications The findings could contribute in the selection of the best PM that maximizes the project team’s performance. Social implications Improved project team communication and collaboration leading to improved project performance through better communication and collaboration. This is an additional benefit for the society, especially in the delivery of public infrastructure projects. A lot of public infrastructure projects deviate largely as far as cost and schedule is concerned and this is an additional burden for public and society. Proper project management through efficient PMs would save people’s money and time. Originality/value Identification of the best PMbased on a combination of multicriteria decision-making and psychometric tests, which focus on personality traits.

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