Journal of Engineering, Project, and Production Management, 2017, 7(2), 90-98
Interdependency of Value for Money and Ex-Post Performance Indicators of Public Private Partnership Projects
1Assistant Professor, Faculty of Engineering and IT, the British University in Dubai, P.O. Box 345015, Dubai International Academic City, Dubai, United, E-mail: khalid.almarri@buid.ac.ae (corresponding author).
2Professor of Project Management, Faculty of Engineering and IT, the British University in Dubai, P.O. Box 345015, Dubai International Academic City, Dubai, United, E-mail: halim@buid.ac.ae
Project Management
Received March 16, 2017; received revisions April 28, 2017; June 8, 2017; accepted June 15, 2017
Available online June 28, 2017
Abstract: One of the most important reasons for selecting public private partnerships (PPP) as a procurement method for infrastructure projects, is the ability to deliver the best value for money (VFM) under certain conditions. Several studies have identified and analysed the factors that contribute the value for money creation, and others have identified the most viable project success evaluation criteria. This paper aims to empirically examine the relationship between the PPP project ex-post performance and the value for money creation factors. 92 PPP experts from the UK and the UAE participated in this research via an online questionnaire. The questionnaire consisted of VFM factors, PPP performance indicators and several demographic questions. It was found, through the Pearson Correlation Coefficient and Regression analyses, that there was a significant and positive relationship between improved facilities factor to the users and time, quality, economic benefits and scope variation performance of PPP projects. The results of the analysis also showed clear output specification and early service delivery factors contribute only to the performance in terms of service and cost. Interestingly, the results of the analysis showed that optimisation of assets efficiency factor contributed negatively to the scope of variation of projects. The research also, through the regression analysis, showed that sector, experience and job position have no mediating role between PPP ex-post performance and VFM factors. This study confirmed the need for strict criteria in order to describe the achievement of success in PPP projects. These criteria ensure that the actual practice can be measured against the criteria which are set at the start of the project. This paper expanded empirically on the current literature on the relationship between the VFM and PPP project performance (specifically the ex-post performance).
Keywords: Public procurement, PPP, critical success factors, value for money, ex-post performance.
Copyright © Journal of Engineering, Project, and Production Management (EPPM-Journal).
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License.
Requests for reprints and permissions at eppm.journal@gmail.com.
Citation: Almarri, K and Boussabaine, H. (2017). Interdependency of Value for Money and Ex-Post Performance Indicators of Public Private Partnership Projects. Journal of Engineering, Project, and Production Management, 7(2), 90-98.
DOI:
10.32738/JEPPM.201707.0005
Full text
