nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2020‒05‒18
four papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Communication management model- case study in the project of energy efficiency improvement using the RASCI matrix By Jagoda Mrzyglocka-Chojnacka; Joanna Kott; Marek Kott
  2. Chinese Aid and Local Ethnic Identification By Isaksson, Ann-Sofie
  3. Average rates of return, working capital, and NPV-consistency in project appraisal: A sensitivity analysis approach By Magni, Carlo Alberto; Marchioni, Andrea
  4. Stakeholders’ views on and experiences with the articulation of social dialogue and its effectiveness By Akgüç, Mehtap; Martišková, Monika; Szüdi, Gábor; Nordlund, Carl

  1. By: Jagoda Mrzyglocka-Chojnacka; Joanna Kott; Marek Kott
    Abstract: In this article, the processes of identification and analysis of stakeholders as well as activities and organizational roles in the form of RASCI matrix were interlinked. The goal was to design a communication management model for the whole life cycle of the energy efficiency improvement project carried out in the research and development centre of an international automotive manufacturing company. Based on the project documentation and interviews with the Project Manager, the Communication Coordinator and selected project participants, communication channels were planned and analysed. They were made conditional on (1) the identification and analysis of stakeholders (the product of which was the stakeholders' matrix); (2) the identification of organizational activities and roles based on a RASCI matrix and (3) a reporting matrix. Based on these tools, a schemes and directions of communication were proposed for each phase of the project. These schemes were created in a graphic forms. The results of the analyses show that the use of the RASCI matrix for planning communication in the project is possible, but it entails certain limitations related to the introduction of possible modifications within the matrix. However, the RASCI matrix can be considered a useful tool for planning and supporting communication in the project
    Keywords: Management; Communication model; Energy efficiency improvement project; RASCI matrix
    JEL: D71 M00 O22
    Date: 2019–05–05
  2. By: Isaksson, Ann-Sofie (Research Institute of Industrial Economics (IFN))
    Abstract: Recent empirical evidence suggests that Chinese development finance may be particularly prone to elite capture and patronage spending. If aid ends up in the pockets of political elites and their ethno-regional networks, this may exacerbate ethnic grievances and contribute to ethnic mobilization. The present paper examines whether Chinese development projects make local ethnic identities more salient in African partner countries. A new geo-referenced dataset on the subnational allocation of Chinese development finance projects to Africa is geographically matched with survey data for 50,520 respondents from 11 African countries. The identification strategy consists in comparing sites where a Chinese project was under implementation at the time of the interview to sites where a Chinese project will appear subsequently. The empirical results indeed suggest that living near an ongoing Chinese project makes ethnic identities more salient. There is no indication of an equivalent pattern when considering development projects of other donors.
    Keywords: China; Aid; Ethnic identities; Africa
    JEL: F35 O19 O55
    Date: 2020–05–06
  3. By: Magni, Carlo Alberto; Marchioni, Andrea
    Abstract: In project appraisal under uncertainty, the economic reliability of a measure of financial efficiency depends on its strong NPV-consistency, meaning that the performance metric (i) supplies the same recommendation in accept-reject decisions as the NPV, (ii) ranks competing projects in the same way as the NPV, (iii) has the same sensitivity to perturbations in the input data as the NPV. In real-life projects, financial efficiency is greatly affected by the management of the working capital. Using a sensitivity analysis approach and taking into explicit account the role of working capital, we show that the average return on investment (ROI) is not strongly NPV-consistent in accept-reject decisions if the working capital is uncertain and changes under changes in revenues and costs. Also, it is not strongly NPV-consistent in project ranking. We also show that the internal rate of return (IRR) is not strongly NPV-consistent and economic analysis may even turn out to be impossible, owing to possible nonexistence and multiplicity caused by perturbations in the input data, as well as to possible shifts in the financial meaning of IRR under changes in the project’s value drivers. We introduce the straight-line rate of return (SLRR), based on the notion of average rate of change, which overcomes all the problems encountered by average ROI and IRR: It always exists, is unique, strongly NPV-consistent for both accept-reject decisions and project ranking, and has an unambiguous financial nature.
    Keywords: Finance, project evaluation, working capital, ROI, IRR, sensitivity analysis, net present value, straight-line, project ranking
    JEL: C4 C44 D81 D92 G12 G31 M41
    Date: 2020–04–27
  4. By: Akgüç, Mehtap; Martišková, Monika; Szüdi, Gábor; Nordlund, Carl
    Abstract: Bringing together five consortium partners, the EESDA project, implemented during 2017-2019, advances the current knowledge and expertise on the articulation of social dialogue in Europe and its effectiveness. It studies the ways in which social dialogue at different levels functions and the channels through which EU-level social dialogue – across and within sectors – affects the actors, decisions and outcomes at national and sub-national level, and vice versa. Research conducted within the EESDA project includes an assessment of social dialogue articulation between national and European level across 27 EU member states by means of desk research, an online survey among national social partners and interviews with EU-level social partners as well as other national stakeholders. It then concentrates on the effectiveness of social dialogue in six EU Member States (i.e. Estonia, Ireland, France, Portugal, Slovakia and Sweden – with distinct industrial relations models and traditions) and four sectors (i.e. construction, commerce, education and healthcare, with a focus on a specific occupation in each sector). Findings from interviews, case studies and discourse analysis are completed using network analysis that sets out to visualise and reveal strong and weak ties between different actors and to draw lessons for experiences and best practices in other sectors and countries. The analysis considers efforts that have a direct and indirect impact on social dialogue, such as EU Directives, Autonomous Agreements, Framework of Actions, joint projects, joint statements or programme funding.
    Date: 2019–11

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