Liu, J (2024) Value co-creation for public–private partnership (PPP) projects in China: A holistic framework from antecedents to outcomes of interaction. PhD thesis, University of Technology Sydney, Australia.
Abstract
Public-Private Partnerships (PPPs) have gained worldwide popularity as they are able to leverage private sector expertise and resources to efficiently deliver innovative infrastructure projects, accelerate development, share risks, improve service quality, and stimulate economic growth while addressing government budget constraints. However, concerns persist regarding transparency, accountability, and potential profit-driven compromises in essential services. Addressing these challenges requires innovative approaches, and the concept of value co-creation (VCC) emerges as a promising avenue for achieving sustainable solutions. By focusing on collaborative efforts to generate long-term value outcomes, VCC offers a framework to navigate the complexities of PPPs and promote the alignment of interests among stakeholders. This thesis explores the integration of VCC principles into the PPP model, investigating the components of PPP project value, exploring impactful VCC practices to enhance project value, and analysing contextual factors that may shape the VCC process in PPP projects. In pursuit of this objective, a multiple case study methodology was employed, with an analysis of five PPP projects in China in three industries. The findings present a conceptual framework derived from this research, delineating the intricate process of VCC within PPP projects and elucidating the associated value outcomes and the contextual factors influencing them. The study identifies seven mid-term value outcomes (risk mitigation, effective procedure, innovative solution, competence enhancement, trust improvement, solidarity, and sense of belonging) and eight long-term value outcomes (financial feasibility, lifecycle investment saving, profit, scale economy, environmental value, people welfare, reputation, and regional value) that encapsulate the inherently subjective and dynamic nature of project value. Two core practices, resource management and relationship management, are instrumental in illustrating collaborative processes within PPP projects. Resource management practices encompass dialogue, development, and deployment approaches, while relationship management practices include goal alignment, partnership commitment, and collective leadership approaches. It is also highlighted how institutional motivators and organizational enablers shape the VCC process in PPP projects. In conclusion, this research contributes to the theoretical understanding of value co-creation in PPPs by elucidating VCC processes, identifying key value outcomes, and examining contextual factors. For practical implications, it offers a robust framework for enhancing stakeholder collaboration throughout the PPP project lifecycle. This framework empowers project practitioners with guiding principles to promote the alignment of public and private interests, ultimately fostering sustainable project value outcomes.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Sankaran, S; Ke, Y and Song, J |
| Uncontrolled Keywords: | accountability; competence; economic growth; private sector; trust; collaboration; government; integration; investment; leadership; lifecycle; public private partnerships; service quality; China; case study; infrastructure project; partnership; stakeholder |
| Index terms: | complexity, conceptual framework, risk mitigation, China, service quality, practitioner, competence, collaboration, value co-creation, methodology, integration, accountability, profit, commitment, public private partnership, transparency, resource management, economic growth, infrastructure project, interaction, lifecycle, motivator, relationship management, budget constraint, partnership, private sector, project lifecycle, case study |
| Subjects: | contractual arrangements, economic analysis, psychology, practitioner, project completion, behavioral psychology, liability law, Geography, financial risk, economic development, theoretical framing, research methods, project delivery, financial and cost management, control systems, value management, data collection methods, industry analysis, infrastructure and transport systems, systems engineering, partnership management, organizational analysis, professional development, personnel development, management, performance measurement |
| Topics: | Research Practice, Information Management, Cost Management, Business Strategy, Roles and Professions, Stakeholder Management, Human Resources, Design Practice, Organizational Design, Project Management, Geographical Context, Engineering Principles, Procurement, Sustainability, Quality Management, Legal Issues |
| Descriptive scope: | 5 PCTEA |
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