Private partner's risk response in PPP low-cost housing projects

2014 ◽  
Vol 32 (1) ◽  
pp. 67-94 ◽  
Author(s):  
Surangkana Trangkanont ◽  
Chotchai Charoenngam
Keyword(s):  
Life Cycle ◽  
Risk Mitigation ◽  
Low Cost ◽  
Response Strategy ◽  
Private Firms ◽  
Content Type ◽  
Risk Response ◽  
Project Life Cycle ◽  
Low Cost Housing ◽  
Project Life

Purpose – The purpose of this paper is to identify the salient risks borne by private firms and to investigate their effective risk response strategies in public-private partnership (PPP) low-cost housing (LCH) projects in Thailand. Design/methodology/approach – The paper employs grounded theory and case study methodologies to extensively analyze ten private firms’ risks and their strategic risk mitigation. As a result, the matrix of imperative risks’ root causes and the area of the project life cycle most exposed to their impacts were proposed. This included the framework of the risk response strategy application. Findings – The private firm's risk mitigation strategies depended on the salient risks’ impact and the private firms’ predictability and controllability of the risk outcome. This included the private firm's participating objectives and core business, decision maker's risk attitude, risk perception, experience of risk, and risk assessment skill, and the project life cycle phase of risk occurrence. Practical implications – Under the same characteristics of the immature PPP market in developing countries, the contractors’ effective risk management framework can be used as a guideline to complement the contractors’ decision making on risk response strategy selection and resource allocation in the PPP project life cycle. Originality/value – Despite working under the familiar environment of construction risk and generous payment method in PPP-LCH projects, only few contractors were successful. The examination of risks borne and effectively responded by the private sector increases the likelihood of the project success.

Risk analysis of construction of administration projects using Bayesian networks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammad Osama ◽  
Aly Sherif ◽  
Mohamed Badawy
Keyword(s):  
Risk Factors ◽  
Life Cycle ◽  
Risk Analysis ◽  
Construction Industry ◽  
Construction Projects ◽  
Causal Relationships ◽  
Content Type ◽  
Project Life Cycle ◽  
Project Objectives ◽  
Project Life

Purpose This paper aims to enlighten the importance of the risk management process which is considered as a major procedure to effectively handle the potential inherent risks in the construction industry. However, most traditional risk analysis techniques are based on theories that deal with each risk factor as an independent, which does not take into consideration the causal relationships between risk factors. Design/methodology/approach This study aspires to identify the overall risk of the administrative construction projects in Egypt and to recognize the most influencing risk factors through the project life cycle by using Bayesian belief networks (BBN). Through a review of the literature, 27 risk factors were identified and categorized as the most common risk factors in the construction industry. A structured questionnaire was performed to estimate the probability and severity of these risks. Through site visits and interviews with experts in the construction field, 200 valid questionnaires were collected. A risk analysis model was developed using BBNs, then the applicability of this model was verified using a case study in Egypt. Findings However, the outcome showed that critical risks that manipulate administrative construction projects in Egypt were corruption and bribery, contractor financial difficulties, force majeure, damage to the structure and defective material installation. Practical implications The proposed study presents the possibilities available to the project parties to obtain a better forecast of the project objectives, including the project duration, total project cost and the target quality by examining the causal relationships between project risks and project objectives. Originality/value This study aspires to identify the overall risk of the administrative construction projects in Egypt and to recognize the most influencing risk factors through the project life cycle by using BBNs.

Contractual challenges for BIM-based construction projects: a systematic review

2018 ◽  
Vol 8 (4) ◽  
pp. 372-385 ◽  
Author(s):  
Ahmad Huzaimi Abd Jamil ◽  
Mohamad Syazli Fathi
Keyword(s):  
Life Cycle ◽  
Construction Projects ◽  
Facility Management ◽  
Information Modeling ◽  
Interaction Matrix ◽  
Content Type ◽  
Novel Approach ◽  
Project Life Cycle ◽  
Building Information ◽  
Project Life

Purpose Building information modeling (BIM) has been proven to enable outstanding results in construction processes by enhancing knowledge sharing with regard to a building or facility throughout its life cycle from the conceptual design to facility management. The purpose of this paper is to investigate the extent to which the use of BIM has impacted the legal and contractual implications of the existing construction contracts for aligning the three sets of relevant development domains: BIM functionality, contract procurement methods, and BIM legal and contractual issues to enhance the efficient use of valuable resources. Design/methodology/approach This exploratory study was undertaken by analyzing the literature using a novel approach involving a matrix that juxtaposes BIM functionalities for each project life cycle with contract procurement methods. As part of the study, 28 interactions of BIM legal and contractual issues have been identified, as representing positive and negative interactions. Findings The interaction matrix framework that juxtaposes BIM functionalities and procurement methods highlights the theoretical and practical relationships identified between the methods. It also simultaneously recognizes the constructive and destructive interactions between these development domains by means of critically identifying the possible interactions of the legal and contractual aspects of both the BIM project procurement and the practical aspects of BIM project delivery. Originality/value The present study contributes to the existing literature by extensively identifying the probable interactions of contractual issues within BIM functionality with contract procurement methods throughout the life cycle of a building construction project.

Identification of critical risk factors in public-private partnership project phases in developing countries

2019 ◽  
Vol 26 (2) ◽  
pp. 334-355 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Srinath Perera ◽  
Onaopepo Adeniyi
Keyword(s):  
Risk Factors ◽  
Developing Countries ◽  
Life Cycle ◽  
Cycle Phase ◽  
Development Phase ◽  
Content Type ◽  
Project Life Cycle ◽  
Project Phases ◽  
Operation Phase ◽  
Project Life

Purpose Public‐private partnerships (PPPs) are being faced by risk threats, notwithstanding the fact that the PPP model has been structured in a way that the associated risks are shared by both the public and private sectors. Consequently, the sources of risk change over the PPP project phases. Thus, the purpose of this paper is to identify and assess the risk factors in PPP infrastructure project phases comprising development phase, construction phase, operation phase and project life cycle through an empirical approach. Design/methodology/approach The study adopted four different data-gathering approaches including literature review, desk review, brainstorming session and questionnaire survey. In order to capture a broad perception of stakeholders, the questionnaires were administered to three different stakeholder organizations to include public sector authorities (i.e. ministries, department and agencies), concessionaires and lenders/banks involved in different PPP infrastructure projects implementation in Nigeria. A total of 81 questionnaires were administered, out of which 63 were retrieved but after checking through the completed questionnaires, 60 questionnaires were found suitable for the analysis. Data collected were analyzed using descriptive statistics, mean score, Kruskal–Wallis test and the risk significance index in terms of severity and likelihood of occurrence conducted. Findings In total, 70 risk factors were identified with respect to PPP project phases and their relative importance was gauged. In addition, the analysis of total 70 risk factors in the development phase, construction phase, operation phase and project life cycle phase indicated that 51 risk factors are located in the yellow zone, which is considered as moderate and 19 risk factors are located in the red zone that are regarded as critical. Practical implications The identification of specific critical risk factors in each PPP project phase will provide a benchmark in developing risk management programs in developing countries. Originality/value These study findings would be useful for PPP stakeholders to focus their attention, priorities and leadership in managing these critical risk factors. Furthermore, the findings of this study are significant in providing an in-depth understanding of the current Nigeria’s PPP market environment, which is a true reflection of developing countries as a whole.

scholarly journals Owner capabilities in social infrastructure projects: towards an expansion of the dynamic capabilities’ framework

2020 ◽  
Vol 13 (6) ◽  
pp. 1263-1282
Author(s):  
Maria Luz Gulino ◽  
Natalya Sergeeva ◽  
Graham Winch
Keyword(s):  
Life Cycle ◽  
Dynamic Capabilities ◽  
Research Approach ◽  
Infrastructure Projects ◽  
Social Infrastructure ◽  
Structured Interviews ◽  
Content Type ◽  
Project Life Cycle ◽  
Infrastructure Project ◽  
Project Life

PurposeThe project organising literature has increasingly paid attention to the dynamic capabilities required for the development of projects. The current research aims to expand the dynamic capabilities framework by including owner capabilities required throughout the whole project life cycle.Design/methodology/approachThe research uses an interpretive qualitative research approach. Nineteen semi-structured interviews were conducted with the key actors of a social infrastructure project.FindingsThe findings suggest that the expansion of the dynamic capabilities framework to include owner capabilities required throughout a project life cycle could positively impact the success of a project. “Transformational capabilities” are recommended to enable the owner to overcome challenges and lead the evolution towards project organisations that are capable of transforming its outputs into beneficial use.Originality/valueExisting research on dynamic capabilities does not address the particular challenges of social infrastructure projects such as housing. The current research fills this gap by exposing the challenges experienced by owners in the development of certain capabilities and their impact on the performance of a project.

scholarly journals Prioritising project management competences across the software project life cycle

2019 ◽  
Vol 12 (4) ◽  
pp. 961-978
Author(s):  
Jonghyuk Cha ◽  
Eunice Maytorena-Sanchez
Keyword(s):  
Life Cycle ◽  
Project Management ◽  
Design Methodology ◽  
Competence Development ◽  
Software Project ◽  
Web Based ◽  
Content Type ◽  
Project Life Cycle ◽  
Research Questions ◽  
Project Life

Purpose The purpose of this paper is to investigate the relative importance of project management (PM) competences across the different stages of a software project life cycle to identify competence development gaps and opportunities. Design/methodology/approach A deductive and quantitative approach was adopted to address the research questions with a web-based survey for data collection. Findings After reviewing the context of competences and PM competences, the importance of the PM competences overall and for specific stages in the project life cycle was analysed. The result highlights that functional and meta-competences are perceived to be the most important competence dimensions for software project practitioners. Originality/value This study makes three contributions. First, it consolidates PM competences into a set of 20 within four competence dimensions. Second, it prioritises these competences across the software project life cycle. Third, it identifies the significance of the inter-relationship between PM competences and project life cycle to reveal PM competence development gaps and opportunities.

Critical success factors for management of the early stages of prefabricated prefinished volumetric construction project life cycle

2020 ◽  
Vol 27 (9) ◽  
pp. 2315-2333 ◽  
Author(s):  
Ibrahim Yahaya Wuni ◽  
Geoffrey Qiping Shen
Keyword(s):  
Life Cycle ◽  
Critical Success Factors ◽  
Success Factors ◽  
Project Planning ◽  
Design Stage ◽  
Content Type ◽  
Early Stages ◽  
Critical Success ◽  
Project Life Cycle ◽  
Project Life

PurposeFor many types of buildings, prefabricated prefinished volumetric construction (PPVC) is increasingly becoming a preferred alternative construction approach. Empirical evidence of project performance has consistently demonstrated that the ultimate success of PPVC projects is directly linked to the key decisions made at the outset of the PPVC project life cycle. However, there is limited knowledge of how to successfully manage these early stages. This research identified and evaluated the critical success factors (CSFs) required for the management of the conception, planning and design stages of the PPVC project life cycle.Design/methodology/approachA multistage methodological framework was adopted to identify and evaluate the CSFs for management of the early stages of the PPVC project life cycle. Based on a comprehensive literature review and expert review, a list of the 9 CSFs relevant to the early stages of the PPVC project life cycle was established. Drawing on an online-based international questionnaire survey with global PPVC experts, the CSFs were measured. The data set was statistically tested for reliability and analyzed using several techniques such as mean scores, relativity weightings and significance analysis.FindingsThe analysis revealed that the top 5 most influential CSFs for management of the early stages of the PPVC project life cycle include robust design specifications, accurate drawings and early design freeze; good working collaboration, effective communication and information sharing among project participants; effective stakeholder management; extensive project planning and scheduling; and early engagement of key players. The research further found correlations among the CSFs and proposed a conceptual framework for the management of the early stages of the PPVC project life cycle.Research limitations/implicationsThe research recognizes that data quality and reliability risks are the major drawbacks of online questionnaire surveys but the engagement of experts with substantial theoretical and hands-on experiences in PPVC projects helped to minimize these risks. Although small, the sample size was justified and compared with studies that adopted the same data collection approach but analyzed even smaller samples. However, the results should be interpreted against these limitations.Practical implicationsThe findings suggest that effective management of the early stages of the PPVC project lifecycle requires early commitment to the PPVC approach in a project; detailed planning and assessment of the suitability of PPVC for the given project; and collaborative design with manufacturers and suppliers to address module production challenges at the detailed design stage. These findings practically instructive and may serve as management support during PPVC implementation.Originality/valueThis research constitutes the first exclusive attempt at identifying the CSFs for successful management of the early stages of the PPVC project life cycle. It provides a fresh and more in-depth understanding of how best to manage the early stages of the PPVC project life cycle. Thus, it contributes to the practice and praxis of the PPVC project implementation discourse.

scholarly journals Project Narratives That Potentially Perform and Change the Future

2021 ◽  
pp. 875697282199534
Author(s):  
Natalya Sergeeva ◽  
Graham M. Winch
Keyword(s):  
Life Cycle ◽  
Value Creation ◽  
Future Research ◽  
Future Research Agenda ◽  
Project Life Cycle ◽  
Different Types ◽  
The Future ◽  
Organizational Narrative ◽  
Project Life ◽  
Future Project

This article develops a framework for applying organizational narrative theory to understand project narratives that potentially perform and change the future. Project narratives are temporal but often get repeated throughout the project life cycle to stabilize meaning, and could be about project mission, vision, identity, value creation, and so forth. Project narratives have important implications for organizational identity and image crafting. This article differentiates among different types of project narratives in relation to a project life cycle, providing case studies of project narratives on three major UK rail projects. We then set out the future research agenda into project narrative work.

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