Public-Private Partnerships: A Review of Theory and Practice of Performance Measurement
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Purpose– This paper reviews the normative literature of performance measurement within the context of Public-Private Partnerships (PPPs). The purpose of this paper is to examine the effectiveness of current ex post evaluations of PPPs and identify a feasible direction to comprehensively and effectively measure the performance of PPP infrastructure projects. Design/methodology/approach– An in-depth literature review is conducted in this paper. The focus of the review is associated with the general performance measurement and performance measurements of PPPs. Findings– This paper identifies that conventional ex post evaluation is not robust enough to measure the performance of PPP projects. Based on the characteristics of PPPs, the life-cycle (process-based) evaluation under performance measurement system is a promising approach to comprehensive and effective PPP performance measurement. Practical implications– The outcomes of this paper can be used as a theoretical base for the development of PPP performance measurement framework. Originality/value– Performance measurement is essential to business success, whether it is at the organisation or project level. Limitations on public funds have encouraged more and more governments across the world to use PPPs to procure economic and social infrastructure projects. Similar to traditional procurement, ex post evaluation is being widely used in PPP projects. However, PPPs are more complicated than other traditional procurement approaches. Exploration of literature suggests that limited research has been undertaken to examine if conventional ex post evaluation is sufficient to measure the performance of PPPs. This paper will bridge this significant knowledge gap.
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Liu, J.; Love, Peter; Smith, J.; Regan, M.; Palaneeswaran, E. (2015)Purpose – The purpose of this paper is to review the normative literature in regard to public-private partnerships (PPPs) and their evaluations, and attempts to investigate whether the Performance Prism is a feasible ...
Love, Peter; Liu, J.; Matthews, Jane; Sing, C.; Smith, J. (2015)Public-private partnerships (PPPs) are widely used to procure public infrastructure assets and are an effective mechanism for ensuring value for money. However, many PPPs in Australia have been plagued with controversy ...
Liu, Henry; Love, Peter; Smith, J.; Matthews, Jane; Sing, C. (2016)© 2016 American Society of Civil Engineers.An effective and efficient performance measurement is deemed to be pivotal for ensuring owners' and stakeholders' needs are being met throughout a project's lifecycle. To determine ...