Stakeholders’ perspectives on the success criteria for public-private partnership projects
Given the complexity and wide stakeholder interests in public-private partnership (PPP) projects, different parties have different expectations and definitions of PPP project success. This paper explores the perceptual differences on the success criteria for PPP projects among PPP stakeholders. A qu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2018-03-01
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| Series: | International Journal of Strategic Property Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/IJSPM/article/view/444 |
| _version_ | 1818386027736203264 |
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| author | Robert Osei-Kyei Albert P. C. Chan |
| author_facet | Robert Osei-Kyei Albert P. C. Chan |
| author_sort | Robert Osei-Kyei |
| collection | DOAJ |
| description | Given the complexity and wide stakeholder interests in public-private partnership (PPP) projects, different parties have different expectations and definitions of PPP project success. This paper explores the perceptual differences on the success criteria for PPP projects among PPP stakeholders. A questionnaire survey was conducted with targeted international PPP experts from the academic, public and private sectors. The research findings show that each stakeholder group considers effective risk management as the most critical success criterion. Moreover, the public and private sectors consider meeting output specifications as the second most critical criteria, whereas the academic sector considers satisfying the need for public facility/service. Further analysis using non parametric tests shows significant differences on the ranking of the criterion, “satisfying the need for public facility/service” between the public and private sectors and between academic and private sectors. These research outputs provide significant insights into how PPP projects’ success is evaluated by various PPP stakeholders. |
| first_indexed | 2024-12-14T03:47:31Z |
| format | Article |
| id | doaj.art-9eda4464bfab4724b0a2717dc525a96d |
| institution | Directory Open Access Journal |
| issn | 1648-715X 1648-9179 |
| language | English |
| last_indexed | 2024-12-14T03:47:31Z |
| publishDate | 2018-03-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | International Journal of Strategic Property Management |
| spelling | doaj.art-9eda4464bfab4724b0a2717dc525a96d2022-12-21T23:18:19ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792018-03-0122210.3846/ijspm.2018.444Stakeholders’ perspectives on the success criteria for public-private partnership projectsRobert Osei-Kyei0Albert P. C. Chan1Department of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Hong Kong, ChinaDepartment of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Hong Kong, ChinaGiven the complexity and wide stakeholder interests in public-private partnership (PPP) projects, different parties have different expectations and definitions of PPP project success. This paper explores the perceptual differences on the success criteria for PPP projects among PPP stakeholders. A questionnaire survey was conducted with targeted international PPP experts from the academic, public and private sectors. The research findings show that each stakeholder group considers effective risk management as the most critical success criterion. Moreover, the public and private sectors consider meeting output specifications as the second most critical criteria, whereas the academic sector considers satisfying the need for public facility/service. Further analysis using non parametric tests shows significant differences on the ranking of the criterion, “satisfying the need for public facility/service” between the public and private sectors and between academic and private sectors. These research outputs provide significant insights into how PPP projects’ success is evaluated by various PPP stakeholders.https://journals.vgtu.lt/index.php/IJSPM/article/view/444public-private partnershipsuccess criteriastakeholdersproject successperspectives |
| spellingShingle | Robert Osei-Kyei Albert P. C. Chan Stakeholders’ perspectives on the success criteria for public-private partnership projects International Journal of Strategic Property Management public-private partnership success criteria stakeholders project success perspectives |
| title | Stakeholders’ perspectives on the success criteria for public-private partnership projects |
| title_full | Stakeholders’ perspectives on the success criteria for public-private partnership projects |
| title_fullStr | Stakeholders’ perspectives on the success criteria for public-private partnership projects |
| title_full_unstemmed | Stakeholders’ perspectives on the success criteria for public-private partnership projects |
| title_short | Stakeholders’ perspectives on the success criteria for public-private partnership projects |
| title_sort | stakeholders perspectives on the success criteria for public private partnership projects |
| topic | public-private partnership success criteria stakeholders project success perspectives |
| url | https://journals.vgtu.lt/index.php/IJSPM/article/view/444 |
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