Evaluation of public–private partnerships: A life-cycle Performance Prism for ensuring value for money

Liu, Henry, Love, Peter, Smith, Jim, Sing, Michael and Matthews, Jane (2018) Evaluation of public–private partnerships: A life-cycle Performance Prism for ensuring value for money. Environment and Planning C: Politics and Space, 36 (6). pp. 1133-1153. ISSN 2399-6544

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Official URL: https://doi.org/10.1177/2399654417750879

Abstract

Public–Private Partnerships (PPPs) have become an integral strategy to deliver infrastructure projects in Australia. Yet, PPPs have been plagued with controversy due to recurrent time and cost overruns. The paucity of an approach to evaluate the performance of PPPs throughout their life-cycle has hindered the ability of governments to manage their effective and efficient delivery. This paper examines the practice of evaluation for a hospital and prison that were delivered using PPPs. The empirical evidence indicates that with PPPs: (1) performance is typically measured during the construction and operation phases using time, cost and quality and a restricted number of key performance indicators; and (2) a process-based and stakeholder-oriented measurement approach would be better suited to evaluate performance. Building upon the extant literature and the findings emerging from ‘practice’ (i.e. actual activity, events or work), a Performance Prism for ameliorating the evaluation of PPPs throughout their lifecycle is proposed. The research presented in this paper provides stakeholders of PPPs, especially governments, with a robust framework for governing and future proofing their assets to ensure value for money.

Item Type: Article
Uncontrolled Keywords: Evaluation, Public-Private Partnerships, Performance Prism, Social infrastructure, Australia
Subjects: K400 Planning (Urban, Rural and Regional)
L200 Politics
N200 Management studies
Department: Faculties > Engineering and Environment > Architecture and Built Environment
Depositing User: Henry Liu
Date Deposited: 15 Jan 2018 14:56
Last Modified: 19 Dec 2022 15:00
URI: https://nrl.northumbria.ac.uk/id/eprint/33108

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