nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2021‒04‒05
four papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Is an Engineering Project Management Degree Worth it? Developing Agile Digital Skills for Future Practice By Dacre, Nicholas; Senyo, PK; Reynolds, David
  2. Equity-oriented Criteria for Project Prioritization in Regional Transportation Planning By Krapp, Agustina; Barajas, Jesus; Wennink, Audrey
  3. Should CBA use descriptive or prescriptive discount rates? It should use both! By Szekeres, Szabolcs
  4. Collaborating for social innovation in public services: inside the black box of public service innovation networks for social innovation (PSINSIs) By Benoît Desmarchelier; Faridah Djellal; Faïz Gallouj

  1. By: Dacre, Nicholas; Senyo, PK; Reynolds, David
    Abstract: Engineering managers are progressively tasked with leveraging digital technologies and innovations which have yet to be fully developed, to seek out opportunities and challenges in complex project contexts. However, there is a disparity between knowledge gained from engineering development programmes, and the rapidly changing landscape of modern project practice, which requires professionals to effectively engage and deploy relevant agile digital skills in practice. For example, complex engineering projects increasingly employ dynamic digital technologies such as Artificial Intelligence (AI), Big Data, Augmented and Virtual Reality (AR / VR), 3D Printing, and Digital Twins, which require managers to quickly adapt to changing constraints through agile digital skills. Therefore, this paper seeks to focus on exploring the role of engineering project management programmes in developing knowledge and agile digital skills relevant for future project practice. Through an outline review of project management development programmes, this research paper suggests that their inherent value for engineering project managers, is largely dependent on a combination of applied research, engagement, and agile digital skills development for future practice.
    Date: 2019–12–16
  2. By: Krapp, Agustina; Barajas, Jesus; Wennink, Audrey
    Abstract: Transportation inequities, consequences of decades of auto-oriented planning alongside discriminatory land-use and transportation planning and policy decisions resulting from structural racism, severely impact opportunities for people of color and other marginalized populations. While a growing body of work has examined inequities with respect to long-range transportation planning, less research examines how equity is incorporated in short-term planning processes via the Transportation Improvement Program. This research reviewed how the metropolitan planning organizations (MPOs) that serve the 40 largest US urbanized areas used equity-based criteria for transportation project prioritization in regional planning. Just over half deployed at least one equity criterion for allocating transportation funds, which fell into one of six categories with varying degrees of complexity and potential for impact. While most MPOs included equity in their prioritization criteria, the methods could be improved to better align with more complete definitions of transportation equity, focusing on how targeted groups are defined, more comprehensive methods for equity evaluation, and an increase in the weight that equity is given in prioritization. MPOs and other agencies implementing transportation projects should adopt a justice-oriented framework for project prioritization that ensures that projects first affirmatively remedy historical inequities and work with affected communities to adopt appropriate and meaningful solutions
    Date: 2021–03–22
  3. By: Szekeres, Szabolcs
    Abstract: Discounting project net flows that exclude financing costs with prescriptive rates fails to reflect costs of capital; discounting them with descriptive rates fails to reflect intertemporal preferences. A hybrid discounting method is proposed whereby descriptive rates are used to forecast costs of capital and prescriptive rates are used to discount all-inclusive net welfare flows. An agent-based capital market model audits the performance of alternative discounting approaches. There is no need to reconcile the discounting approaches. They should be viewed as complementary, not as competing. They are both necessary, and only jointly sufficient to achieve optimality in intertemporal resource allocation.
    Keywords: Social discount rate; Prescriptive discounting; Descriptive discounting; Hybrid discounting; Declining discount rates.
    JEL: D61 H43
    Date: 2021–02–11
  4. By: Benoît Desmarchelier (Université de Lille Faculté des Sciences économiques et sociales); Faridah Djellal (Université de Lille Faculté des Sciences économiques et sociales); Faïz Gallouj (Université de Lille Faculté des Sciences économiques et sociales)
    Abstract: This paper is given over to "Public Service Innovation Networks for Social Innovation" (PSINSIs), a multi-agent structural arrangement set up for the collaborative production of social innovation in public services. It begins by putting forward an analytical framework that makes it possible-from both the morphological and the functional points of view-to distinguish PSINSIs from other expressions of the innovation network concept. Then, using a rich set of empirical material collected within the Co-VAL European research project and consisting of 24 in-depth PSINSIs case studies undertaken in five European countries, it attempts to enter the black box of PSINSIs in order to better understand both the nature of social innovation at work and the modes of formation and functioning of these networks.
    Keywords: innovation networks,public services,social innovation
    Date: 2021–01–21

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