| Author: | Yu, Yao |
| Title: | Implementation of transnational public private partnerships : key issues and development of a model to achieve project excellence |
| Advisors: | Chan, Albert P.C. (BRE) |
| Degree: | Ph.D. |
| Year: | 2019 |
| Subject: | Hong Kong Polytechnic University -- Dissertations Public-private sector cooperation International business enterprises Construction projects -- Management Project management |
| Department: | Department of Building and Real Estate |
| Pages: | xii, 254 pages : color illustrations |
| Language: | English |
| Abstract: | Public–Private Partnership (PPP) is popularly used around the world as a 'key vehicle' to implement large and complex infrastructure projects. An increasing trend of transnational PPP (TPPP), along with economic globalisation and intergradation and the 'Belt and Road' Initiative, has been observed in the infrastructure industry. However, the project result is influenced by several issues, whilst the pursuit of excellence is a challenging task for all stakeholders. Although many studies in the PPP context have been conducted, research that focuses on the transnational context is inadequate. To efficiently and effectively promote project management in TPPP projects, the key issues that influence TPPP project excellence should be understood clearly, which is the aim of the current research. By using the logical framework method, the key issues to achieve TPPP project excellence were identified as three different categories: risk management process, project success and sustainability. Specifically, the four objectives were identified to focus on the three key factor categories and TPPP project excellence: (1) to identify the critical risk factors (CRFs) and develop a risk management process model for TPPP projects; (2) to identify the critical success factors (CSFs) and specific success factors for TPPP projects; (3) to identify the critical sustainability factors and develop a TPPP project sustainability index; (4) to develop a TPPP project excellence model and identify the significant influences of key issues on TPPP project excellence. The objectives were achieved via a comprehensive literature review, questionnaire surveys, statistical analyses, case studies and modelling methodologies. The review of the related literature identified 42 risk factors, 27 success factors and 45 sustainability factors. In terms of risks, intuitionistic fuzzy analytic hierarchy process (IFAHP) was adopted for ranking the importance amongst the various risk factors. Bargaining game theory was used in the risk allocation process. A case study was conducted to show the practicality of the proposed risk management model. For CSFs, a comparative study was conducted between TPPPs and domestic PPPs (DPPPs). Results showed the ranking of CSFs and the differences in CSFs between TPPPs and DPPPs. For the sustainability of the TPPP projects, fuzzy synthetic evaluation (FSE) was used to establish the TPPP project sustainability index and evaluate the sustainability level of these projects. In the last stage, the partial least squares-structural equation model (PLS-SEM) technique was implemented to identify the influences of these key issues on TPPP project excellence. The PLS-SEM results indicated that (1) partnership risk factors have a significant negative influence on TPPP project excellence, (2) two critical success categories, namely, financial and economic, and social success category have significant positive influences on TPPP project excellence and (3) environment sustainability factors would have a significant positive influence on TPPP project excellence. Results of the analysis are further validated by TPPP experts to confirm credibility and reliability. This study provides valuable contributions to the TPPP body of knowledge and assists policy makers, government officials and private investors promote TPPPs in the Belt and Road countries. The key aspects and significant influences of these issues on project excellence are crucial in implementing TPPP projects to a high level of success. |
| Rights: | All rights reserved |
| Access: | open access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 991022289508303411.pdf | For All Users | 2.56 MB | Adobe PDF | View/Open |
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