Browse > Article
http://dx.doi.org/10.6106/KJCEM.2018.19.2.083

Performance Evaluation Model for Public-Private Partnership Projects - with Reference to BTO (Build-Transfer-Operate) Road Projects -  

Park, Hyeon (International School of Urban Sciences, University of Seoul)
Park, Inseok (International School of Urban Sciences, University of Seoul)
Lee, Shin (International School of Urban Sciences, University of Seoul)
Publication Information
Korean Journal of Construction Engineering and Management / v.19, no.2, 2018 , pp. 83-95 More about this Journal
Abstract
The aim of this paper is to develop a performance evaluation model for PPP (Public-Private Partnership) projects that appropriately reflects the important traits that are unique to PPP projects. To this end, 1) it defines a set of distinct perspectives involved in the PPP projects and their associated success factors that might differ amongst the perspectives; 2) it identifies the key performance indicators and suggests the performance evaluation criteria for each indicator; and 3) it builds a performance evaluation model by matching the success factors from each perspective with performance measure criteria as well as applies the model to the two selected BTO road projects in Korea. The process of model construction and its application confirms significant differences between the main stakeholder perspectives typically involved in PPP projects, which highlights the need for an evaluation model tailored for PPP projects by taking into account the distinct perspectives. The results from the PPP evaluation model developed in the study is compared against the results from the existing ex-post evaluation model for construction projects in general. The former shows a closer match with the results from the user satisfaction survey conducted. This new evaluation framework and the performance indicators entailed in it permits a balanced evaluation of PPP projects as it takes into account different perspectives involved in PPP projects as well as an understanding of the factors affecting the success of PPP projects. While the construction of the model is based on transport projects, it is applicable to different types of PPP projects through variation with the weight allocation amongst different success factors and/or additions or other adjustments to the performance evaluation criteria as required.
Keywords
PPP Projects; Performance Evaluation Model; Evaluation Perspectives; Key Performance Indicators; Performance Evaluation Criteria; Performance Measures;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
연도 인용수 순위
1 KIM, C. W. (2017). "Development of diagnostic performance index for domestic construction projects." PhD thesis, Korea Univ.
2 Kim, H. S. (2014). "A Strategy to Improve Efficiency of Public Construction Projects in the UK." Korean Journal of Construction Engineering and Management, KICEM, 15(3), pp. 35-37.   DOI
3 Kim, J. W., Ryu, D. H., Song, W. H., Woo, S. J., et al. (2013). PPP Comprehensive Evaluation, Ministry of Strategy and Finance(MOSF) Research Report.
4 Kim, S. G., Park, K. Y., and Yu, Y. J. (2009). "A Development of Risk Performance Index for Mega-project Performance Measurement in View of the Integrated Cost/Schedule/Risk." Korean Journal of Construction Engineering and Management, KICEM, 4(3), pp. 69-77.
5 Lee, S. K. (1994). Marketing Decision Making Using AHP Method, SEOKYUNG, SEOUL, Republic of Korea.
6 Lee, Y. S., Hwang, B. G. (2007). "Impacts of Contract types on Construction Project Performance - Cost Reimbursable and Lump Sum." Korean Journal of Construction Engineering and Management, KICEM, 8(2), pp. 155-163.
7 Kim, R. (2008). Understanding and Activities of Statistical Analysis, DAEMYUNG, DAEGU, Republic of Korea.
8 Ann. J. S. (2011). "Developing evaluation criteria for historic gardens preservation condition by applying delphi technique and analytic hierarchy process." PhD thesis, Seongkyunkwan Univ.
9 Cha, H. S., and Kim, T. G. (2008). "Developing Measurement System for Key Performance Indicators on Building Construction Projects." Korean Journal of Construction Engineering and Management, KICEM, 9(4), pp. 120-130.
10 Cha. Y. W. (2013). "Development of Change Factor Breakdown Structure for Change Management in Mixed-use Development." MS thesis, Univ. of Seoul.
11 Chae, Y. T. (2012). "Evaluating the efficiency of private investment project: focusing on comparison of implementation phases of private financed expressway and government funded expressway." MS thesis, Seoul National Univ.
12 Champika Liyangage, Felix Villalaba-Romerao (2015). "Measuring Success of PPP Transport Project: A Cross-Case Analysis of Toll Roads." Transport Reviews, 35(2), pp. 140-161.   DOI
13 Zhang, X. (2005). "Critical success factors for public private partnerships in infrastructure development." Journal of Construction Engineering and Management, 131(1), pp. 1-14.   DOI
14 Park, D. G., Noh, S. B., Noh, D. S., Ryu, J. H., Moon, W. S., Park, H. and Song, B. L. (2017). Performance Evaluation and Recognition of PPP, Korean Association of Pubic Private Partnership (KAPPP) Research Report.
15 PIMAC (2017). Public Investment Management Center Annual Report, Korea Development Institute(KDI) Research Report.
16 Yuan, J., Zeng, A. Y., Skibniewski, M. J., and Li, Q. (2009). "Selection of performance objectives and key performance Indicators in public private partnerships projects to achieve value for money." Construction Management and Economics, 27(3), pp. 253-270.   DOI