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Article: A structural equation model of feasibility evaluation and project success for publicprivate partnerships in Hong Kong

TitleA structural equation model of feasibility evaluation and project success for publicprivate partnerships in Hong Kong
Authors
KeywordsCritical success factors (CSFs)
Public-private partnerships (PPP)
Structural equation modeling (SEM)
Issue Date2010
PublisherIEEE.
Citation
Ieee Transactions On Engineering Management, 2010, v. 57 n. 2, p. 310-322 How to Cite?
AbstractA successful publicprivate partnership (PPP) scheme can be described as one that can lead to the delivery of high-quality end products and/or services, which can satisfy the needs of the community, achieve the intended targets/goals of the government, as well as provide a favorable financial return for the private sector involved with the project. This study aims to establish an evaluation framework for the initial feasibility evaluation of a PPP project that would satisfy all the stakeholders. The factors for evaluating the feasibility of PPP projects can be classified into five broad categories: technical; financial and economic; social; political and legal; and others. Through the structural equation modeling approach, data attained from a questionnaire survey conducted in Hong Kong was analyzed and a model was developed to examine the relationships between different evaluation factors and the overall satisfaction of stakeholders. The results indicate that technical and social aspects are critical to the feasibility of PPP projects, and therefore, are the determining factors for success. This paper should assist relevant stakeholders to improve their understanding on the relative importance of the evaluation factors, and help to establish a comprehensive framework for decision makers to evaluate the feasibility of PPP projects. The predictors for PPP project success were also determined to enrich the knowledge base and help formulate management strategies to better implement the PPP project delivery approach. © 2010 IEEE.
Persistent Identifierhttp://hdl.handle.net/10722/124576
ISSN
2015 Impact Factor: 1.454
2015 SCImago Journal Rankings: 1.091
ISI Accession Number ID
Funding AgencyGrant Number
Research Grants Council of the Government of Hong Kong Special Administrative Region7010-PPR-4
Funding Information:

The authors are grateful to the Research Grants Council of the Government of Hong Kong Special Administrative Region for their financial support through the Public Policy Research Scheme (Grant No.: 7010-PPR-4).

References

 

DC FieldValueLanguage
dc.contributor.authorNg, STen_HK
dc.contributor.authorWong, YMWen_HK
dc.contributor.authorWong, JMWen_HK
dc.date.accessioned2010-10-31T10:42:13Z-
dc.date.available2010-10-31T10:42:13Z-
dc.date.issued2010en_HK
dc.identifier.citationIeee Transactions On Engineering Management, 2010, v. 57 n. 2, p. 310-322en_HK
dc.identifier.issn0018-9391en_HK
dc.identifier.urihttp://hdl.handle.net/10722/124576-
dc.description.abstractA successful publicprivate partnership (PPP) scheme can be described as one that can lead to the delivery of high-quality end products and/or services, which can satisfy the needs of the community, achieve the intended targets/goals of the government, as well as provide a favorable financial return for the private sector involved with the project. This study aims to establish an evaluation framework for the initial feasibility evaluation of a PPP project that would satisfy all the stakeholders. The factors for evaluating the feasibility of PPP projects can be classified into five broad categories: technical; financial and economic; social; political and legal; and others. Through the structural equation modeling approach, data attained from a questionnaire survey conducted in Hong Kong was analyzed and a model was developed to examine the relationships between different evaluation factors and the overall satisfaction of stakeholders. The results indicate that technical and social aspects are critical to the feasibility of PPP projects, and therefore, are the determining factors for success. This paper should assist relevant stakeholders to improve their understanding on the relative importance of the evaluation factors, and help to establish a comprehensive framework for decision makers to evaluate the feasibility of PPP projects. The predictors for PPP project success were also determined to enrich the knowledge base and help formulate management strategies to better implement the PPP project delivery approach. © 2010 IEEE.en_HK
dc.languageengen_HK
dc.publisherIEEE.en_HK
dc.relation.ispartofIEEE Transactions on Engineering Managementen_HK
dc.rightsIEEE Transactions on Engineering Management. Copyright © IEEE.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rights©2010 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.-
dc.subjectCritical success factors (CSFs)en_HK
dc.subjectPublic-private partnerships (PPP)en_HK
dc.subjectStructural equation modeling (SEM)en_HK
dc.titleA structural equation model of feasibility evaluation and project success for publicprivate partnerships in Hong Kongen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0018-9391&volume=57&issue=2&spage=310&epage=322&date=2010&atitle=A+structural+equation+model+of+feasibility+evaluation+and+project+success+for+public+private+partnerships+in+Hong+Kong-
dc.identifier.emailNg, ST:tstng@hkucc.hku.hken_HK
dc.identifier.authorityNg, ST=rp00158en_HK
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.1109/TEM.2009.2037142en_HK
dc.identifier.scopuseid_2-s2.0-77951623769en_HK
dc.identifier.hkuros175383en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77951623769&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume57en_HK
dc.identifier.issue2en_HK
dc.identifier.spage310en_HK
dc.identifier.epage322en_HK
dc.identifier.isiWOS:000282540000012-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridNg, ST=7403358853en_HK
dc.identifier.scopusauthoridWong, YMW=12792232500en_HK
dc.identifier.scopusauthoridWong, JMW=30067976000en_HK

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