El-Diraby, T A and Gill, S M (2006) A taxonomy for construction terms in privatized-infrastructure finance: Supporting semantic exchange of project risk information. Construction Management and Economics, 24(3), pp. 271-285. ISSN 01446193
Abstract
There is an increasing need for effective flow of information between the various participants in privatized infrastructure projects particularly between construction companies and financial institutions. A taxonomy is developed for relevant concepts in the domain of privatized-infrastructure finance. The taxonomy is an attempt to create information interoperability between the construction and financial industries. The taxonomy models the concepts of a privatized-infrastructure finance into six main domains: processes, products, projects, actors, resources and technical topics (technical details and basic concepts). The taxonomy was designed to be consistent with Open Financial Exchange (OFX). It was developed through the analysis of 10 case studies and involvement in project development and interaction with industry experts. The taxonomy was validated through interviews with domain experts, and through the analysis of two independent case studies. A prototypical semantic web-based portal for communicating project risks was developed to in order to illustrate the use of the taxonomy. Project partners are able to post and view risk items and their status in this portal, observe who is handling them, be aware of what decisions have been made to manage them and what lessons learned are available to address these risks.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | privatized infrastructure; project finance; semantic web |
| Index terms: | project partner, case study, interaction, interview, taxonomy, semantic web, interoperability, construction company, infrastructure project, project finance, project development, lessons learned |
| Subjects: | data analysis and analytics, financial management, systems and processes, sociology, project delivery, infrastructure and transport systems, data collection methods, professional development, organization, behavioral psychology, networking |
| Topics: | Business Strategy, Digital Applications, Cost Management, Information Management, Engineering Principles, Stakeholder Management, Project Management, Research Practice |
| Descriptive scope: | 4 PCEA |
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