nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2022‒10‒10
five papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Editorial: Purchasing and innovation: Past, present and future of the field of research By Thomas Johnsen; Marie-Anne Le Dain; Nadine Kiratli; Holger Schiele
  2. Implementation of risk management in small construction companies in Czechia By Vladislav ?ehá?ek
  3. What is public policy success, especially in development? By Matt Andrews
  4. Setting Interim Deadlines to Persuade By Maxim Senkov
  5. Углеродный рынок и климатические проекты: перспективы и возможности для Алтайского края By Pomogaev, Vitalii

  1. By: Thomas Johnsen (Audencia Business School); Marie-Anne Le Dain (Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes); Nadine Kiratli (Maastricht University [Maastricht]); Holger Schiele (University of Twente [Netherlands])
    Abstract: This paper introduces the special topic forum (STF) on purchasing and innovation. Presenting the findings from a systematic literature review, we take stock of the current state of the field, delineating themes, theories and methods, and identifying key trends over time. Our study shows a take-off in research on purchasing and innovation during the last decade. This has predominantly focused on private sector manufacturing firms although a recent expansion into public sector research is evident. Large-scale surveys and case studies are still the dominant research methods where the unit of analysis is typically the ‘firm' or ‘project'. The findings also show how in the past the field was driven by questions on how purchasing can facilitate different types of innovation projects, seeking to derive practical implications, and rarely making explicit statements regarding theories applied; this still characterises much of the research but we find an increasing focus on theory development. We also see a shift in the type of technological innovation being investigated: past studies tended to focus on the role of purchasing in new product development (NPD) projects, which reflected a relatively low degree of technological uncertainty, but we see a trend towards innovation projects facing technological uncertainty. Research shows how this requires new ways of sourcing innovations and therefore new ways for purchasing to facilitate innovation sourcing. On the basis of the review, we offer our guidance for future research avenues to 1) carry out more research on procurement of innovation in the public sector; 2) consider new theories and research methods, and 3) go beyond firm-level or dyadic analysis to research networks and ecosystems. We conclude by introducing the papers in the STF.
    Date: 2022
  2. By: Vladislav ?ehá?ek (Czech Technical University in Prague)
    Abstract: No matter the field, projects are always accompanied by many risks. It is necessaryto manage them in order to prevent complications. The paper deals with the implementation of risk management in Czechia, especially focusing on small to medium size companies. The paper is divided into 3 parts: In the first part we define what risk management and risks are and why it is important to manage them. This part also includes various methods of risk analysis and their advantages/disadvantages. In the second part we define risks in the field of construction, separate the risks into several categories and name a few examples. In the third part we talk about the construction field in Czechia, the specifics, and the implementation of risk management and other management systems. The paper ends with a conclusion, where examples of what could improve the situation are provided.
    Keywords: risk, risk management, risk analysis, construction, Czechia, small and medium companies
    JEL: L74 D24
    Date: 2022–07
  3. By: Matt Andrews (Center for International Development at Harvard University)
    Abstract: Public policy work is hard, especially when one works in developing countries. It is even difficult to define what success looks like, and thus how to manage towards success. Literature helps manage such difficulty, providing studies that define the concept and show how it can be achieved. A core message from such is that success is multi-dimensional, and practitioner need to focus on multiple criteria when doing their policy work. But what dimensions and criteria matter? And do development practitioners really adopt this multi-dimensional view? Tackling such questions, the current paper reviews 45 applied studies from the public policy, project management and development evaluation literatures to see what they identify as key success criteria and if the practical studies (about development evaluation) are in sync with the more academic messages. Reading across all three literatures, I identify 30 potential success criteria in 6 categories or dimensions (program, impact and endurance, capability, political, stakeholder, and process). I find that the development evaluation literature focuses on a narrow set of 7 criteria, mostly in one dimension (program success) as compared to broader perspectives in the other literatures. This suggests that development practitioners have a narrow view on success, which is out of step with academic views on the topic. A conclusion proposes a broader approach for these practitioners.
    Keywords: public policy, development
    Date: 2022–09
  4. By: Maxim Senkov
    Abstract: This paper studies the optimal design of self-reporting on the progress of a project by a rent-seeking agent reporting to a principal who is concerned with accomplishing the project before an exogenous deadline. The project has two stages: completing the first stage serves as a milestone and completing the second stage accomplishes the project. I show that if the project is sufficiently promising ex ante, then the agent commits to provide only the good news that the project is accomplished. If the project is not promising enough ex ante, the agent persuades the principal to start the funding by committing to provide not only good news but also the bad news that the milestone of the project has not been reached by an interim deadline.
    Keywords: dynamic Bayesian persuasion; informational incentives; interim deadline; multistage project;
    JEL: D82 D83 G24
    Date: 2022–08
  5. By: Pomogaev, Vitalii
    Abstract: Scientific and experimental data, mathematical modeling of climate change confirm the inevitability of warming as a result of anthropogenic impact. Agriculture, and especially crop production, is the most sensitive to climate change, in connection with which the world-famous practices for preventing and combating the effects of climate change in agriculture have become actively used in Russia: mitigation, adaptation and food monitoring. At the same time, agriculture is both a global sink and the world's third largest emitter of CO2. All together, this gives rise to a new trend in agriculture – climate-optimized agriculture (the UN version of the name). One of the tools for its implementation are climate projects based on geoengineering technologies. Of all the known methods of geoengineering, the most attractive are those related to natural technologies: based on photosynthesis and carbon storage tanks in the form of soil and biomass. In the Altai Territory in recent decades, there has been an increase in the temperature of the warm season, which is not compensated by an increase in precipitation, which leads to the desiccation of the territory. Arable land is being reduced and the proportion of fallow land (including degraded) is increasing. There is a reduction in the forests of the Forestry of the region. When planning climate projects, it is necessary to take into account two biogeochemical climate-regulating factors of terrestrial ecosystems in the region: 1) the rate of removal of carbon from the atmosphere; 2) reserves and stability of deposited carbon derived from the biogeochemical cycle. To do this, it is recommended to conduct full-scale experiments on the territory where it is breaded before the start of the climate project. The total cost of carbon sequestration by the ecosystems of the region amounted to 2782.7 million rubles, and the potential of the territories of the region is very unequal. This should be taken into account when planning climate projects in the region. It is advisable at the regional level to have a decarbonization strategy for agriculture (including subsidiary support measures) that takes into account the prospects for changing natural and climatic conditions. It is extremely important to develop a system of measures to train industry workers in both low-carbon farming methods and new rules for the functioning of the economy in conditions of adaptation to climate change and the maintenance of "green" standards.
    Keywords: Mitigation, adaptation, food monitoring, food security, climate change, geoengineering, agriculture, carbon market, nature-like technologies, carbon landfill, carbon farm.
    JEL: Q51 Q52 Q54 Q55 Q56 Q57 Q58
    Date: 2021–11–18

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