Miller, J B and Evje, R H (1999) The practical application of delivery methods to project portfolios. Construction Management and Economics, 17(5), pp. 669-677. ISSN 01446193
Abstract
The rebirth of design-build, design-build-operate, and build-operate-transfer as viable alternatives for the delivery of major capital projects is symptomatic of dynamic changes in the relationship between producers and clients throughout the construction industry. In the private sector, these delivery methods offer clients the chance to shift emphasis towards core functions and away from real estate development and operations. In the public sector, where capital budgets are constrained, delivery alternatives offer clients the chance to combine construction skills and technology to meet infrastructure needs in innovative ways. However, for those clients with numerous facilities and a steady flow of projects over long periods of time, a critical problem is emerging: how to effectively match each project in the portfolio to a preferred delivery method. This paper presents a tool called CHOICES©™, which permits convenient comparisons of alternative delivery scenarios for a portfolio of capital projects and services. CHOICES©™ is designed to help formulate a portfolio infrastructure strategy, test that strategy, and adjust it to meet strategic goals within capital constraints.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | choices©™; portfolio management; procurement; project delivery methods |
| Index terms: | capital project, build-operate-transfer, construction industry, project delivery, portfolio management, private sector, delivery method, public sector, real estate development, strategy |
| Subjects: | contractual arrangements, strategic project management, project delivery, economic analysis, administrative law, industry analysis, delivery method, economic development, management |
| Topics: | Legal Issues, Urban Studies, Procurement, Business Strategy, Research Practice, Project Management |
| Descriptive scope: | 3 PCT |
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