Public-Private Partnership (Fifth Seminar in SNU) (Nov' 07)

8/14/2019 Public-Private Partnership (Fifth Seminar in SNU) (Nov' 07)

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Critical Success Factors for PPPs

Submitted to

The Fifth Seminar ofI2ED Research Team

Aung Kyaw OoPh.D. StudentSNU-TEMAP

November 7,2006.


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Outline Literature Review

Critical Success Factor : Defined

Applications of CSF

History of CSF

Survey for CSF in PFIs Survey data analysis and results

Issue in the Paper

Research Agenda

Reference


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Literature Review

In the UK, the total capital expenditure on PPPs between

1992 and 1999 came to almost 10 billion (Brown,1999).

Most used PPP model in UK is PFI.

Problems reported with PPP/PFI procurement includeissues such as: high costs in tendering, complexnegotiation, cost restraints on innovation, and differingor conflicting objectives among the project stakeholders

(Akintoye et al., 2001).


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Literature Review ( Contd)

Purpose of the Paper: Exploring Relative

importance of CSFs associated with constructionPPP/PFI projects in the UK.


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Critical Success Factor (CSF)

Those few key areas of activity in which

favorable results are absolutely necessary for amanager to reach his/her goals[Rockart(1982)].

The CSF methodology is a procedure thatattempts to make explicit the key areas that areessential for management success (Boynton and

Zmud, 1984).


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Applications of CSF

This method has been used as a management

measure since the 1970s in financial services(Boynton and Zmud, 1984), information systems(Rockart, 1982) and manufacturing industry

(Mohr and Spekman, 1994).


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History of CSFs

Qiao et al. (2001) established eight independent

CSFs in BOT projects in China: appropriateproject identification; stable political andeconomic situation; attractive financial package;

acceptable toll/ tariff levels; reasonable riskallocation; selection of suitable subcontractors;management control; and technology transfer.


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History of CSFs ( Contd)

For an Australian sports stadium project,

Jefferies et al. (2002) identified the CSFs as:solid consortium with a wealth of expertise;considerable experience; high profile and a good

reputation; an efficient approval process thatassisted the stakeholders in a very tighttimeframe; and innovation in the financingmethods of the consortium.


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Critical Success Factors


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Critical Success Factors ( Contd)


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Critical Success Factors ( Contd)


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Survey for CSF in PFIs

The questionnaire survey was administered in 2001

among UK organizations with involvement in PFIprojects. Convenience sampling, rather than randomsampling, of UK organizations with experience orexpressed interest in PPP/PFI was adopted.

The initial draft of the questionnaire was presented tothe PFI research group at Glasgow Caledonian Universityfor comment, and a further pilot study was administered

to Carillion Services Ltd, which is active in PFI.


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Survey for CSF in PFIs ( Contd)

In all, 61 completed questionnaires were returned of the

500 distributed. Of these, 16 responses came frompublic sector organizations and 45 from the privatesector. The effective return rate is 12%. This rate ishigher than that of an earlier Institute for Public Policy

Research (IPPR, 2000) survey dealing with PPP whichachieved a response rate of 9.6%.


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Survey data analysis and results

The data were analysed using the SPSS statisticalpackage. Statistical analyses undertaken included:

descriptive analysis, reliability tests using Cronbachsalpha, one-way analysis of variance and factor analysis.The Cronbach alpha reliability for the factors is 0.767suggesting that the data collected for the critical factor

analysis are reliable (Norusis, 1992).


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Survey Results


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Finding on the Results

Mean score values of response data from survey

respondents has been used to rank the relativeimportance of a catalogue of eighteen criticalsuccess factors in the UK PPP/PFI environment.

Three factors a strong private consortium,appropriate risk allocation and available financialmarket emerge as being most important in the

development of successful UK PPP/ PFI projects.


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Issue left in the Paper

How commitment & responsibility can beassessed (or benchmarked) raiseinteresting issues for further research.


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Research Agenda

The CSF methodology will be used inanalyzing the PPP in ICT or other

industrial sector in Myanmar, is itpossible or not?


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Thank You

Q & A


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Reference

BING LI, A. AKINTOYE, P. J. EDWARDS and C.

HARDCASTLE: Critical Success Factors forPPP/PFI projects in the UK ConstructionIndustry; Construction Management and

Economics (June 2005) 23, 459471.
http://www.win2pdf.com/


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Public-Private Partnership (Fifth Seminar in SNU) (Nov' 07)