Izvorni znanstveni članak
https://doi.org/10.2478/otmcj-2024-0018
Risk-based integrated performance assessment framework for public-private partnership infrastructure projects
Anam Fatima
; Department of Architectural Engineering & Design, Faculty of Civil Engineering, University of Engineering and Technology, Lahore 54890, Pakistan
*
Sajjad Mubin
; Department of Architectural Engineering & Design, Faculty of Civil Engineering, University of Engineering and Technology, Lahore 54890, Pakistan
Rehan Masood
; Ako Delivery—Region Four: Construction Services Team, College of Engineering, Construction and Living Sciences, department of Construction, Otago Polytechnic, Te Pūkenga, Dunedin 9054, New Zealand
* Dopisni autor.
Sažetak
Public-private partnerships (PPPs) play a pivotal
role in global infrastructure development, significantly
impacting economic growth. However, a notable research
gap exists in addressing risk management adequately
within the performance assessment of PPP projects, particularly in developing nations like Pakistan. This study
aims to address this gap by developing an integrated performance assessment framework (IPAF) in order to fill the
deficiency of structured risk management in PPP project
evaluations. Therefore, the purpose of this study is to
devise a systematic methodology for assessing PPP project
performance, with a keen emphasis on robust risk management criteria. Employing a comprehensive approach, the
methodology integrates 16 performance measures (PMs)
aligned with key performance indicators (KPIs), covering
the triple constraints of projects (cost, time and quality)
during the project feasibility, execution and operation and
maintenance phases of project life cycle. Additionally, it
incorporates an analysis of 10 prominent risks, spanning
financial, environmental, operational, construction, legal
and governmental dimensions inherent to PPP projects.
The IPAF not only identifies these risks but also offers calculated mitigation strategies to enhance overall project
performance. Emphasising alignment with project objectives, stakeholder engagement and contextual factors, the
framework aids decision-makers, project managers and policymakers in making informed decisions throughout
the project lifecycle. Furthermore, this study contributes
by providing a systematic approach to address the critical
bond between risk management and project performance
in PPP projects. By bridging this gap, the IPAF fosters
enhanced project outcomes, thereby contributing to the
advancement of infrastructure development practices in
both developed and developing contexts.
Ključne riječi
Hrčak ID:
321160
URI
Datum izdavanja:
3.10.2024.
Posjeta: 137 *