StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Formation of Public Private Partnerships - Dissertation Example

Cite this document
Summary
This dissertation "The Formation of Public-Private Partnerships" discusses substantial benefit shortfalls trouble many mega-projects. Finally, regional development effects and environmental impacts often turn out very differently from what proponents promised.”…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
The Formation of Public Private Partnerships
Read Text Preview

Extract of sample "The Formation of Public Private Partnerships"

Because of the massive scale, investments, and a high number of stakeholders involved in these projects, they are often characterized as long-term, indeterminate, complicated, and politically sensitive. Even though there is an obvious need for such projects, extant literature suggests that that the majority of megaprojects exceed their anticipated costs, fall behind schedule, and fail to deliver in the terms used to justify the need for the project. Flyvbjerg (2007) points out “Cost overruns of 50% are common, overruns of 100% are not uncommon.

Stakeholders of mega-projects usually are International construction firms, private and public international financial institutions, and public-works bureaucracies, who form the multinational epistemic groups hence exercising significant influence in support of mega-projects, especially in developing nations (Goldman, 2001). This article talks about a few research queries that are centered around the concept of project management and its relevance with respect to mega projects. This article includes a section on a methodology that would act as a pathway to address research queries listed in this article.

Research Questions

Project management is an organized and structured plan to execute a project successfully. It may be highly challenging to context the statement that project management generates and add significant value to any project. The value added by project management is dependent on numerous factors and stakeholders’ perspective is one of those factors. Researchers (Zhai, Xin, & Cheng, 2009) studied the value of project management from stakeholders’ perspective and have proposed a value framework, the framework has also been certified with respect to its applicability through empirical study. The value framework proposed by (Zhai, Xin, & Cheng, 2009) is as shown in Figure 1. The research indicates that the implementation of project management in mega-projects can enhance the management capabilities of an organization. Still, the research has several limitations and as a result leads us to the following research queries (Zhai, Xin, & Cheng, 2009):

  1. The applicability of the value framework of mega-project management is not fully displayed. In the case of aspects like “Technical Standards and Management Mechanisms” do not clearly indicate the value because of the applicability. The applicability of this value framework needs to be studied in an organization that operates at the national level and is a market leader.

Figure 1. Value Framework for Project Management in Mega-Projects.

  1. Research needs to be carried out for each value dimension primarily to understand which value gets benefitted from the project management and for which stakeholder.
  2. Since it is challenging to calculate ROI precisely, ROI was not included in the earlier research. Another reason for not including ROI has been that some part of investment in the type of project studied has intangible aspects like improving the project management system. Research needs to be carried out for exploring the specific value of project management in projects with varying levels of complexity and scales.

Methodology

Research methodology to address the first research query a large-sample survey at the national level needs to be carried out, the same query can also be addressed by analyzing a suitable case study that is relevant to Technical Standards and Management mechanisms. In the case of the second research query, empirical studies need to be carried out for analyzing four value dimensions. The final research query can be addressed by selecting appropriate projects with varied scales and complexity and these are analyzed with the help of empirical studies as indicated in the case of the second research query.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Mega-Projects: exploring challenges, strategies and/or risks to manage Dissertation”, n.d.)
Retrieved from https://studentshare.org/gender-sexual-studies/1422073-mega-projects-exploring-challenges-strategies-and
(Mega-Projects: Exploring Challenges, Strategies and/Or Risks to Manage Dissertation)
https://studentshare.org/gender-sexual-studies/1422073-mega-projects-exploring-challenges-strategies-and.
“Mega-Projects: Exploring Challenges, Strategies and/Or Risks to Manage Dissertation”, n.d. https://studentshare.org/gender-sexual-studies/1422073-mega-projects-exploring-challenges-strategies-and.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Formation of Public Private Partnerships

Public and Private Partnership Paddington Health Campus Scheme

The most recent decades have seen a dramatic increase in the formation of public-private partnerships.... The most recent decades have seen a dramatic increase in the formation of public-private partnerships (PPPs).... Numerous of these strategies are partnerships with the non-profit or private agencies.... Numerous of these strategies are partnerships with the non-profit or private agencies.... Numerous of these strategies are partnerships with the non-profit or private agencies....
12 Pages (3000 words) Essay

Cybercrime: Law Enforcement and E-Government Transnational Issues

Hence, the need for government intervention towards the convergence of connectivity, globalization, and relocation of public sector tasks online.... The initiative's goal aims at defining the role of cybersecurity in the private industry.... Government intervention in cybersecurity Sociopolitical based arguments for or against government involvement Given the increased global reliance on communication and information technologies along with the associated threats accruing from the reliance, the internet creates new opportunities for e-government's public sector to better serve the public and improve efficiency....
7 Pages (1750 words) Research Paper

Partnership Organization - Private-Public Partnerships

This paper "Partnership Organization - Private-Public partnerships" focuses on the fact that the mode of governance is different in private and public organization.... Therefore a need arises for an organization which can improve this coordination between these partnerships.... That is why it is imperative that such an organization should be a PPP itself, so it could understand the delicacies of issues arising from such partnerships.... Being a PPP itself it can better understand the issues involved in Private-Public partnerships....
12 Pages (3000 words) Term Paper

Public-Private Partnership

The essay "Public-private Partnership" analyzes the assumption that the conflict of interests within the public-private partnership is a wicked problem.... There is a clear agreement in the literature implying that the private sector performs some things excellently, the public sector other things.... These societal problems, as well as the inherent conflict of interests between the public and the private sector, are typified by a great extent of wickedness....
4 Pages (1000 words) Essay

Limited partnership in USA and Uk

Both In both countries, the formation of a limited partnership is between two or more persons with the same business objective.... In Saudi Arabia, joint partnerships will only be considered as legal after registration.... aws governing partnership formation tend to be harmonized in consideration of foreign investments....
4 Pages (1000 words) Essay

Law Enforcement and E-Government Transnational Issues

Hence, the need for government intervention towards the convergence of connectivity, globalization, and relocation of public sector tasks online.... 2010)Given the increased global reliance on communication and information technologies along with the associated threats accruing from the reliance, the internet creates new opportunities for e-government's public sector to better serve the public and improve efficiency.... The public sector or the government thus the need for government intervention (Anderson, 2011) could only provide services that provide significant value to taxpayers while minimizing costs....
7 Pages (1750 words) Coursework

Risk Involved in Public Private Partnership Projects

These collaborations are referred to as Public-private partnerships.... Public-private partnerships are crucial because they are associated with an element of transparent procurement, which is a crucial factor that contributes to success.... he importance of Public-private partnerships is that projects are run efficiently because risks are allocated and shared among private to engage in Public-private partnerships for the long term and high-risk projects; especially infrastructure projects because it enhances sharing of risk between the public and private sectors and allocation of risk to the organization that is capable to managing and mitigating it efficiently (Australian Constructors Association, 2014, p....
16 Pages (4000 words) Research Proposal

A Financial Analysis of John Laing

This chapter intends to provide an in-depth idea about public-private partnerships (PPP).... This chapter intends to provide an in-depth idea about public-private partnerships (PPP).... This chapter intends to provide an in-depth idea about public-private partnerships (PPP).... Definitions and characteristics of public-Private Partnership (PPP) ... ublic-private Partnership (PPP) is termed as an agreement between the government and one or more private parties to complete a project where the objectives of both parties are aligned (Navarro-Espigares and Martin-Segura, 2011)....
25 Pages (6250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us