The strategic management of projects to enhance value for money for BAA plc

Bell, K L (1994) The strategic management of projects to enhance value for money for BAA plc. PhD thesis, Heriot-Watt University, UK.

Abstract

The airport business is undergoing a shift from that of a traditionally operational nature, to a more commercial, profit driven business orientation. Airport infrastructure is experiencing a face lift in order to meet the requirements for customer satisfaction resulting from this shift in culture. In this regard airport operators must seek improvements in the way in which their development projects are planned, designed and delivered. An inherent link between corporate, business and project value, highlighted within this thesis, has led to the requirement for project management systems that maximise value and therefore facilitate the corporate strategy of the organisation. This thesis develops a model to strategically manage projects to enhance value for money for BAA plc. It is concluded that the project management process is divided into two primary phases: the strategic and tactical, the former receiving minimum attention in UK construction project management. By combining the strategic management of a portfolio of projects with the tactical management of individual projects a link is forged between corporate and customer value and project value. The thesis concludes by presenting the Strategic Project Management framework for use by BAA project managers. The decision making framework facilitates the definition of project objectives and manages the project process to realise optimum value to the client / customer groups. By defining sub processes within the overall project process, the framework binds the interfaces such that information and communication flows freely and completely through the project.

Item Type: Thesis (Doctoral)
Thesis advisor: Male, S
Uncontrolled Keywords: airport; client; commercial; communication; construction project; corporate strategy; decision making; infrastructure; project management; project manager; strategic management; UK; value for money
Index terms: profit, project management process, face, project management, value-for-money, customer satisfaction, corporate strategy, construction project management, decision-making, project manager, strategic management, strategic project management, construction project
Subjects: psychology, evaluation, business, project management theory and practice, decision analysis, profession, management, economic analysis, strategic project management, production management, service delivery
Topics: Organizational Design, Risk Management, Roles and Professions, Stakeholder Management, Value Management, Governance, Business Strategy, Project Management
Descriptive scope: 2 PC

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here