Wang, L; Zhang, P; Zhang, P; Li, R; Zhang, Y and Wu, Y (2018) A systematic approach for public-private partnership projects CSFs evaluation. Engineering, Construction and Architectural Management, 25(9), pp. 1127-1145. ISSN 0969-9988
Abstract
Purpose: Public–private partnership (PPP) projects are increasingly significant in many countries. The purpose of this paper is to assess the impact of critical success factors (CSFs) on PPP projects and comprehensively consider the interrelations and interaction among dimensions and factors to achieve a better understanding of PPP project management. Design/methodology/approach: An evaluation index system for PPP projects such as the presented case study is proposed based on a literature review and a survey. Then, interpretative structural modeling is used to transform the CSFs dimension into a multi-level hierarchical model to reflect the driven-dependency relation of each dimension; the fuzzy analytic network process model optimized by moment estimation theory is used to investigate the impact of CSFs by considering their internal impact. Findings: Regarding the project used as the case study, the driving force and dependence for driving layer and dependent layer are determined. Moreover, in driving layer, efficient and well-structured payment mechanism is the most important CSF if considering the internship and interaction among CSFs, and efficient and well-structured payment mechanism and good governance provide most positive interaction; in dependent layer, population of beneficiaries is the most important CSF if considering the internship and interaction among CSFs, and public client’s satisfaction provides most positive interaction. Originality/value: This paper developed an evaluation model to explore the interrelationships of dimensions and factors and then determine the impact of CSFs. The model propose in this paper relaxes the independence assumptions of traditional methods and is more in line with reality; besides, weighting method is optimized to obtain more objective and reasonable evaluation results. Through an empirical study, the validity of the model has been verified; therefore, the study can help project stakeholders better understand the CSFs and further improve project performance.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | approach; case study; engineering; management |
| Index terms: | literature review, survey, methodology, population, project stakeholder, critical success factor, internship, case study, satisfaction, governance, partnership, validity, estimation, empirical study, structural modelling, project performance, interaction, public client, analytic network process, dimension, project management, payment mechanism |
| Subjects: | research methods, project management theory and practice, professional development, partnership management, demography, sociology, decision-making and optimization, behavioral psychology, data collection methods, evaluation and assessment methods, business, control systems, data analysis and analytics, health monitoring assessment and metrics, economic analysis, financial and cost management, project delivery, analytical methods |
| Topics: | Urban Studies, Governance, Stakeholder Management, Engineering Principles, Information Management, Project Management, Research Practice, Health and Safety, Cost Management, Business Strategy |
| Descriptive scope: | 5 PCTEA |
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