Critical Analysis Of The Success Factors OfPublic- Private Partnership Projects In Kerala
By: Thomas, Nivea
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Contributor(s): Thomas, V.
Publisher: Pune NICMAR 2019Edition: Vol.34(2), April-June.Description: 37-45p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here
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NICMAR Journal of construction managementSummary: Public-Private Partnerships (PPPs) have been widely applied across the world to provide a sequence ofimportant public services owing to the limited funds available with the governments for infrastructure development. Despite more and more successful operations ofPPPs, some project failures are still reported in the literature like cost overruns, schedule overruns, and stakeholder dissatisfaction. Performance evaluation ofPPP projects throughout the project lifecycle is necessary and there is an utmost need to identify the factors critical to the success of a project. A questionnaire survey was carried out in the state ofKerala to understand the success factors influencing PPPs and their underlying relationships. A total of60 critical success factors were identified from the literature and by holding discussions with PPP practitioners. Among the 60 factors considered, 'selection ofthe right project' was identified as the most critical factor for success in PPP projects. Factor analysis was conducted to understand the underlying relationships among the factors. The factors were categorized into seven groups, namely, (1) stakeholder satisfaction; (2) technical and engineering structure; (3) project management framework; (4) partnership skills; (5) favourable environment; (6) client satisfaction and environmental analysis and (7) project selection. Further analysis indicates client satisfaction and environmental analysis as the most significant ofall factors having negative influence on cost performance. The research findings will provide insights to PPP practitioners on factors contributing to the success ofPPP projects and guide their efforts to achieve better project performance.
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School of Engineering & Technology (PG) Archieval Section | Not for loan | 2020348 |
Public-Private Partnerships (PPPs) have been widely applied across the world to provide a sequence ofimportant public services owing to the limited funds available with the governments for infrastructure development. Despite more and more successful operations ofPPPs, some project failures are still reported in the literature like cost overruns, schedule overruns, and stakeholder dissatisfaction. Performance evaluation ofPPP projects throughout the project lifecycle is necessary and there is an utmost need to identify the factors critical to the success of a project. A questionnaire survey was carried out in the state ofKerala to understand the success factors influencing PPPs and their underlying relationships. A total of60 critical success factors were identified from the literature and by holding discussions with PPP practitioners. Among the 60 factors considered, 'selection ofthe right project' was identified as the most critical factor for success in PPP projects. Factor analysis was conducted to understand the underlying relationships among the factors. The factors were categorized into seven groups, namely, (1) stakeholder satisfaction; (2) technical and engineering structure; (3) project management framework; (4) partnership skills; (5) favourable environment; (6) client satisfaction and environmental analysis and (7) project selection. Further analysis indicates client satisfaction and environmental analysis as the most significant ofall factors having negative influence on cost performance. The research findings will provide insights to PPP practitioners on factors contributing to the success ofPPP projects and guide their efforts to achieve better project performance.
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