Review article

Evaluating the success of PFI projects in Croatia applying success criterion "Starting Date of Operation"

Danijel Kušljić orcid.org/0000-0003-2176-7991 ; Center for Monitoring Business Activities in the Energy Sector and Investments, Miramarska ulica 24, 10000 Zagreb, Croatia
Saša Marenjak orcid.org/0000-0003-3717-6870 ; Sveučilište Josipa Jurja Strossmayera u Osijeku, Građevinski fakultet u Osijeku, Crkvena ulica 21, 31000 Osijek, Croatia

Abstract

Private Finance Initiative (PFI) is a model of Public Private Partnership (PPP) used to deliver public services which are not commercial in nature. Naturally, clients want to achieve successful PFI projects and they need to have a tool for evaluating the achieved success. Generally there are still no accepted frameworks for assessing project success but several recommendations for development of an evaluation template for assessing the success of PFI schemes exist. To enable success assessment there is a need to identify adequate success criteria. In this paper, important PFI project success criterion for client called "Starting Date of Operation" will be identified. Model for its application on evaluating PFI project success will be recommended and its empirical applicability on suitable PFI projects in Croatia will be demonstrated. Descriptive statistics indicator will be calculated and referent base for success evaluation of PFI projects in Croatia applying "Starting Date of Operation" success criterion will be established.

Keywords

PFI; PPP; project success; success criteria; success evaluation; time

Hrčak ID:

83927

URI

https://hrcak.srce.hr/83927

Publication date:

29.6.2012.

Article data in other languages: croatian

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