Taking a Holistic Exploration of the Project Life Cycle in Public–Private Partnerships

2019 ◽  
Vol 50 (6) ◽  
pp. 673-685 ◽  
Author(s):  
James Alexander ◽  
Fran Ackermann ◽  
Peter E. D. Love
Keyword(s):  
Life Cycle ◽  
Operations Management ◽  
Phenomenological Research ◽  
Public Private Partnerships ◽  
Public Infrastructure ◽  
Inherent Feature ◽  
Project Life Cycle ◽  
Private Participation ◽  
Project Life

Operations and projects are typically treated as dichotomous concepts; projects create assets to be operated. The segregation of operations from projects is evidenced in the generic project life cycle (concept, feasibility, design, execute, and close) in which consideration of an operations stage is omitted. This article, however, suggests that this omission renders the generic project life cycle (PLC) unsuitable as a frame of reference for managing (and researching) long-term public infrastructure projects, in particular those delivered under the auspices of private participation in infrastructure initiatives such as public–private partnerships (PPPs). Drawing on the normative literature and the authors’ phenomenological research that is embedded in practice, this article demonstrates that operations are an inherent feature of PPP projects. Thus, the generic PLC model is inconsistent with the actuality of PPPs. Implications of this inconsistency for operations management and research of PPPs, particularly in relation to quality, risk, and human resource management are identified and discussed.

METHODOLOGICAL APPROACHES TO ESTIMATING THE EFFICIENCY OF INNOVATIVE PROJECTS

2020 ◽  
Vol 4 (10) ◽  
pp. 49-53
Author(s):  
R. V. MOLCHANOVA ◽  
Keyword(s):  
Life Cycle ◽  
Cash Flows ◽  
Comprehensive Assessment ◽  
Social Efficiency ◽  
Innovative Project ◽  
Project Life Cycle ◽  
Methodological Approaches ◽  
Project Life ◽  
Cycle Efficiency

The article deals with the implementation of innovative projects, involving a comprehensive assessment, reflecting the integral efficiency of the most significant indicators. The features of innovative projects in large innovation and production clusters, projects that are strategic in nature and affect the activities of the enter-prise in the long term are considered. The principles of analyzing the effectiveness of the projects under study when choosing methods for assessing the effectiveness of innovative projects and the need to discount cash flows are presented. The heterogeneity of the assessment of the effectiveness of an innovative project at various stages of the project life cycle, efficiency in general, the effectiveness of participation in the project, social efficiency and budgetary efficiency are noted. It is summarized that the inflows and outflows used in assessing the budgetary efficiency of innovative projects vary significantly when moving from one level of budget efficiency research to another.

scholarly journals Principles of corporate governance as the basis for the formation of the strategic advantage of enterprises in the construction industry

2021 ◽  
pp. 6-13
Author(s):  
Roman Volkov
Keyword(s):  
Corporate Governance ◽  
Life Cycle ◽  
Construction Industry ◽  
Economic Science ◽  
Dominant Form ◽  
Project Life Cycle ◽  
Business Conditions ◽  
Project Life ◽  
Regional Programs

The classical interpretation of the principles of corporate governance in terms of effectiveness is important for understanding the economic essence of the management system and its evaluation. Constantly changing socio-economic, epidemiological and geopolitical conditions make the problem of updating the principles of corporate governance important for the clarification of the requirements to be met to ensure a strategic advantage in the construction industry and to maintain competitiveness in the course of the life cycle of an investment construction project and in the process of the long-term construction facility operation. This statement is quite logical, because the focus of the economic science on understanding the principles of corporate governance is especially strengthened during periods of interphase cyclical transitions, triggered by the activation of an economic reform, accompanied by an increase in the uncertainty of business conditions. The project format of modern investment and construction activities becomes the dominant form of its implementation due to the high potential of integration with targeted federal and regional programs and as a result of the adequacy of the task of resource management at each stage of the project life cycle, which in turn allows to effectively allocate resources in time and space.

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.

scholarly journals Project Quality Management Performance: An Insight to Sustainable Development Initiatives in Oil and Gas Host Communities

2017 ◽  
Vol 7 (4) ◽  
pp. 76
Author(s):  
Prince Destiny Ugo
Keyword(s):  
Sustainable Development ◽  
Life Cycle ◽  
Quality Management ◽  
Oil And Gas ◽  
Management Systems ◽  
Goodness Of Fit Test ◽  
Quality Management Systems ◽  
Project Quality ◽  
Project Life Cycle ◽  
Project Life

A fundamental principle of project quality management is that quality is planned into project and not inspected through project. In the context of host communities in developing countries with mineral exploration activities construction projects and contracts generally is a key provider of employment in both short, medium and long term and particularly for the locals, therefore the incorporation of quality management systems in project life cycle is paramount for sustainable development. Ensuring project quality plays an important role in socio-economic development of people as it provides the most basic infrastructure that promotes economic activities. Quality management systems (QMS) has significant value relating to project quality and cost reduction and a comprehensive quality management culture can promote project success, mutual beneficial relationship and organisational sustainability. This study provides empirical findings emanating from local vendor(s) understanding, compliance and implementation of quality management systems in a multinational oil company (MNOC) community assisted projects. The study utilised SPSS version 22 for the statistical data analysis and Goodness-of-fit-test interrogated the assumption that contractors are not complying with quality management systems in project execution. The study found inter alia that 65% of the vendors are registered as closed corporation (sole proprietorship), 15% were limited liability companies, while 20% belong to other category such as subcontractors. Furthermore, 98% of the 222 respondent are yet to develop a quality manual and a conceptual nominated vendor system (NVS) project quality model was developed to improve the contract award and project management status quo, with emphasis on the need for integration of quality management systems in project life cycle for the oil and gas host communities.

scholarly journals Risk Identification and Assessment in PPP Infrastructure Projects using Fuzzy Analytical Hierarchy Process and Life-Cycle Methodology

2012 ◽  
Vol 8 (1) ◽  
pp. 34-48 ◽  
Author(s):  
Jie Li ◽  
Patrick Zou
Keyword(s):  
Life Cycle ◽  
Fuzzy Ahp ◽  
Risk Identification ◽  
Infrastructure Projects ◽  
Fuzzy Analytical Hierarchy Process ◽  
Ahp Method ◽  
The Public ◽  
Project Life Cycle ◽  
Project Life ◽  
Hierarchy Process

To fulfil the increasing demands of the public,Public Private Partnership (PPP) has beenincreasingly used to procure infrastructureprojects, such as motor ways, bridges, tunnelsand railways. However, the risks involved inPPP projects are unique and dynamic due tolarge amount of investment and longconcession period. This paper aims to developa risk identification framework from theperspectives of project life cycle, and anassessment framework for risks associatedwith PPP project using fuzzy analyticalhierarchy process (AHP). First the paperreviews the current literature to identifycommon risks in PPP infrastructure projectsand classification methods used. The risksidentified from the literature were classifiedusing project life cycle perspectives. Followingthat, the paper presents the advantages offuzzy AHP. Furthermore, the paper provides aframework for assessment of risks in PPPprojects followed by an illustrative examplewhere the data was obtained from surveyquestionnaires. The paper concludes that risksassociated in PPP infrastructure projects areunique and therefore it is beneficial to classifythem from project life cycle perspectives, andthe proposed fuzzy AHP method is suitable forthe assessment of these risks.

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