EVALUATING PPP PROJECTS USING A LEAN FRAMEWORK

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Zeina Malaeb ◽  
Farook Hamzeh
Keyword(s):  
Performance Evaluation ◽  
Performance Indicators ◽  
Project Success ◽  
Evaluation Framework ◽  
Risk Allocation ◽  
The Public ◽  
Effective Performance ◽  
Contractual Agreements ◽  
New Framework

A Public Private Partnership (PPP) describes an arrangement between the public and the private sectors for providing a public asset or service. PPPs are characterized by their long-term nature, complex contractual agreements, and distinct risk allocation formulas, all which distinguish them from traditional procurement routes. Performance evaluation is a prerequisite of performance improvement and is vital to the realization of project success, particularly in PPP projects. In fact, the absence of an effective performance evaluation framework in PPPs serves as a trigger for generating below optimum service quality. Although several performance evaluation frameworks exist, they prove more suitable for traditional projects, which highlights the need to account for the unique features of PPPs. This paper first introduces the various perspectives, from the literature, used to classify project success and evaluate performance. The paper then addresses the aforementioned need by introducing a new framework for evaluating project success, using the lean concepts of transformation, flow, and value. Key Performance Indicators (KPIs) are suggested as part of the framework to serve as performance measures on PPP projects. The introduced lean framework is the first of its kind and fills the gap in PPP research by being one of the few performance evaluation tools customized for PPPs.

Metrics, Targets and Performance

2006 ◽  
Vol 197 ◽  
pp. 80-92 ◽  
Author(s):  
Philip Andrew Stevens ◽  
Lucy Stokes ◽  
Mary O'Mahony
Keyword(s):  
Public Sector ◽  
Performance Management ◽  
Performance Indicators ◽  
Acute Hospital ◽  
Performance Management System ◽  
The Public ◽  
Productivity Measure ◽  
And Performance ◽  
The Uk

The setting and use of targets in the public sector has generated a growing amount of interest in the UK. This has occurred at a time when more analysts and policymakers are grasping the nettle of measuring performance in and of the public sector. We outline a typology of performance indicators and a set of desiderata. We compare the outcome of a performance management system — star ratings for acute hospital trusts in England — with a productivity measure analogous to those used in the analysis of the private sector. We find that the two are almost entirely unrelated. Although this may be the case for entirely proper reasons, it does raise questions as to the appropriateness of such indicators of performance, particularly over the long term.

scholarly journals Is There an Alternative to the Fiscal Compact for Conducting Fiscal Policy in the Euro Area?

Politik ◽  
2013 ◽  
Vol 16 (1) ◽  
Author(s):  
Andrew Hughes Hallet ◽  
Svend E. Hougaard Jensen
Keyword(s):  
Euro Area ◽  
Practical Implementation ◽  
Short Term ◽  
Budgetary Impact ◽  
The Public ◽  
Fiscal Compact ◽  
Set Up ◽  
Changing Demographics ◽  
New Framework

This paper o ers a critical assessment of the scal set-up in the Euro Area and considers a new framework for achieving scal discipline. e key idea is an inter-temporal assignment where national scal policies focus on long-term objectives and a common monetary policy on short-term objectives. e result is a self-stabilising set-up where the enforcement problem has largely been resolved. For practical implementation purposes, scal policy is stated in terms of a target for the public debt-to-GDP ratio. We argue that the debt target should be set in a forward-looking fashion to account for implicit liabilities, such as the discounted budgetary impact of changing demographics in addition to conventional debt measures. 

scholarly journals The Healthcare Organization in COVID-19 Age: An Evaluation Framework for the Performance of a Telemonitoring Model

2021 ◽  
Vol 13 (22) ◽  
pp. 12765
Author(s):  
Fiorella Pia Salvatore ◽  
Simone Fanelli
Keyword(s):  
Performance Evaluation ◽  
Healthcare Service ◽  
Target Population ◽  
Healthcare Organization ◽  
Evaluation Framework ◽  
Healthcare Organizations ◽  
Case Study Analysis ◽  
Definition Of ◽  
Operational Plan

Telemedicine services (TS) are not only supportive for healthcare professionals, but managers also see them as essential for the provision of an efficient, effective, and sustainable healthcare service. Several systems make TS available in different ways and contexts. However, no commonly accepted framework meets the need to draw conclusions about which TS can efficiently be measured. For this purpose, a framework is proposed in order to define a dynamic method of performance evaluation that can be used to improve the sustainable management of a telemonitoring model for COVID-19 patients. A case study analysis based on the experience of three telemedicine networks in different locations providing telemonitoring services (northern, central, and southern Italy) was performed. A total of four phases (1. Identification of the target population; 2. Identification of health needs; 3. Definition of the operational plan; and 4. Monitoring of the service by indicators), and seven indicators have been identified. Despite the differences raised in the Italian contexts, applying a performance evaluation framework could help the managerial sector to understand if the service is working as intended and what effects the service is producing on the healthcare organization. Considering the long-term field experience, this framework is an easy-to-use tool that will allow healthcare organizations to evaluate the performance of their telemonitoring model, and improve it according to new needs. Providing a healthcare service in an efficient context is fundamental for the sustainability of the health system as a whole.

Private Provision of Public Services

2017 ◽  
Author(s):  
Demi Chung
Keyword(s):  
Comprehensive Evaluation ◽  
Road Transport ◽  
Transport Sector ◽  
Management Approach ◽  
Risk Allocation ◽  
Public And Private ◽  
The Public ◽  
The Road ◽  
Current Risk

The first public–private partnership (PPP) motorway in Australia was open to traffic more than two decades ago, and yet no comprehensive evaluation of PPPs in the road transport sector has been sighted. It is the intention of this chapter to fill this gap. Although there have been noticeable advancements in contract design and use of incentive mechanisms to optimize risk allocation between the public and private sectors, Australian PPP motorways have yet to deliver an optimal outcome. It is questionable whether the current risk-shifting approach in the present PPP paradigm is suitable for providing infrastructure-based road services where long-term service provision is a requirement. In such cases, a proactive risk management approach may be preferred.

Virtual Engineering

2011 ◽  
Vol 24 (2) ◽  
pp. 3-22
Author(s):  
Catharina Landström ◽  
Sarah J. Whatmore ◽  
Stuart N. Lane
Keyword(s):  
Computer Simulation ◽  
Risk Management ◽  
Flood Risk ◽  
Simulation Modelling ◽  
Flood Risk Management ◽  
The Public ◽  
Virtual Engineering ◽  
Contractual Agreements ◽  
Environment Agency

This paper discusses computer simulation modelling in the context of environmental risk management. Approaching computer simulation as practice, performed in networks of heterogeneous elements, we examine the modelling undertaken by engineering consultants commissioned to provide knowledge about local flood risk to the Environment Agency of England and Wales (EA), the public body responsible for flood risk management. We propose that this simulation modelling is best understood as a form of engineering, work geared to solving the problems of clients. It is also a ‘virtual’ activity, articulating risks and possibilities in the digital space of the computer. We find that this ‘virtual engineering’ is shaped by the demands and protocols of the EA, first, by the establishment of long-term contractual agreements for delivering knowledge and second, by an EA requirement to use particular software packages. Fashioned between long-term contracts and black-boxed software virtual engineering becomes stabilised as ‘the’ way in which knowledge about flood risk in actual localities is generated and, consequently, becomes ‘hard-wired’ into flood risk management in England.

scholarly journals DEVELOPMENT OF SUSTAINABILITY INDICATORS: APPROACHES, CHALLENGES AND OPPORTUNITIES

2018 ◽  
pp. 291
Author(s):  
Ksenija Denčić-Mihajlov ◽  
Stefan Zeranski
Keyword(s):  
Performance Evaluation ◽  
Competitive Advantage ◽  
Performance Indicators ◽  
Business Environment ◽  
Business Strategies ◽  
Global Reporting Initiative ◽  
Environmental Consequences ◽  
Challenges And Opportunities ◽  
Selection Of

Rapidly changing and complex business environment requires from enterprises to cautiously develop their business strategies in order to achieve and maintain competitive advantage over the long term. With the awareness of importance of environmental consequences and sustainability, market value is no longer determined by single financial performance indicators. The sustainability framework which encompasses economic, environmental and social performances has rather received an international attention of both corporate and financial sector. Even though it is generally accepted that the adoption of sustainability ratios is a most adequate and effective way for sustainability performances’ assessment, both the creation/selection of sustainability ratios and their implementation and analysis have been still examined at national and corporate levels. Most companies have adopted the internationally recognized performance evaluation systems (such as Global Reporting Initiative or United Nations Global Compact). Still, there is increasing number of companies that apply self-developed sustainable performance evaluation methodologies. The main purpose of this paper is to investigate the development and application of the performance indicators of sustainable management with the aim to offer suggestions for selection of sustainability ratios which application should increase the effectiveness of controlling and decision-making process and would lead to long term competitive advantage.

Fine Particle Mass Monitoring with Low-Cost Sensors: Corrections and Long-Term Performance Evaluation

2019 ◽  
Author(s):  
Carl Malings ◽  
Rebecca Tanzer ◽  
Aliaksei Hauryliuk ◽  
Provat K. Saha ◽  
Allen L. Robinson ◽  
...  
Keyword(s):  
Performance Evaluation ◽  
Fine Particle ◽  
Low Cost ◽  
Particle Mass ◽  
Long Term Performance ◽  
Term Performance

Strategic planning in grassland farming: Principles andapplications

1997 ◽  
pp. 191-197
Author(s):  
W.J. Parker ◽  
N.M. Shadbolt ◽  
D.I. Gray
Keyword(s):  
Strategic Planning ◽  
Performance Indicators ◽  
Cost Effective ◽  
Key Performance Indicators ◽  
Strategic Plans ◽  
Effective Manner ◽  
Farm Business ◽  
Pastoral Farming ◽  
Financial Environment

Three levels of planning can be distinguished in grassland farming: strategic, tactical and operational. The purpose of strategic planning is to achieve a sustainable long-term fit of the farm business with its physical, social and financial environment. In pastoral farming, this essentially means developing plans that maximise and best match pasture growth with animal demand, while generating sufficient income to maintain or enhance farm resources and improvements, and attain personal and financial goals. Strategic plans relate to the whole farm business and are focused on the means to achieve future needs. They should be routinely (at least annually) reviewed and monitored for effectiveness through key performance indicators (e.g., Economic Farm Surplus) that enable progress toward goals to be measured in a timely and cost-effective manner. Failure to link strategy with control is likely to result in unfulfilled plans. Keywords: management, performance

Evaluating the Financial Performance Through ‘Consumer Centric Decision’ Approach in Pharmaceutical Companies of Bangladesh: a Business Planning Perspective

2017 ◽  
Vol 9 (1) ◽  
pp. 168
Author(s):  
Md Mostafizur Rahman ◽  
Mahmud Uz Zaman
Keyword(s):  
Market Share ◽  
Swot Analysis ◽  
Financial Analysis ◽  
Pharmaceutical Companies ◽  
Short Term ◽  
The Public ◽  
Investment Choice ◽  
Good Investment ◽  
Business Analysis

Pharmaceuticals agglomerations consistently use their brand image and versatile product portfolios to consolidate their position in the financial sector, which is evident in their continuous profit making and expansion in market share. This paper explores the short-term and long-term investment attractiveness through ‘consumer centric decision’ approach in two selected pharmaceutical companies, Renata Limited and Orion Pharma Limited, of Bangladesh over the last three years’ period. This research adopts a systematic approach which primarily addresses the various concerns of investors to illustrate the decision-making process of the existing and future investors. Using primarily domestic transaction data, this study explores how the leading pharmaceuticals companies of Bangladesh effectively use the wide array of drug portfolios mix with appropriate branding techniques to increase their financial profit and market share simultaneously. Both SWOT analysis and Porters Five Forces Model explore the business analysis of Renata Limited in compare to Orion Pharma Limited that provides a conclusion regarding investors’ decision to invest in Renata Limited. Considering the financial analysis, Renata’s financial liquidity is not very satisfactory and could have been improved further if management is prudent on financial strategy settings. Findings of the business analysis indicate that Renata Limited would be a good investment choice for existing and prospective shareholders based on its opportunities for long term and short term growth and further expansion in developing the market. The results suggest that even lower liquidity coupled with higher interest borrowings can be balanced by posing positive picture to the public shareholders by returning the positive dividend to them.

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