nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2023‒03‒27
eight papers chosen by
Arvi Kuura
Tartu Ülikool

  1. Next7G Project Management - Project Management for the next seven Generations By Glitscher, Wolfgang
  2. Understanding and measuring project success, a key ingredient in project management: An analytical research paper By Hajar Hmina; Omar Hniche
  3. Donor Contracting Conditions and Public Procurement: Causal Evidence from Kenyan Electrification By Catherine Wolfram; Edward Miguel; Eric Hsu; Susanna B. Berkouwer
  4. The World Needs a Green Bank By Hafez Ghanem
  5. Private production or public project ownership to scale up the construction of photovoltaic power plants in Africa? By Nicolas Guichard,; Christian de Gromard,; Jérémy Gasc,; Étienne Espagne,; Martin Buchsenschutz,; Benoît Gars,; Laetitia Labaute.
  6. Mapping Circular Economy projects funded by ERDF in 2014-2020 By MARQUES SANTOS Anabela; CONTE Andrea; OJALA Tauno
  7. The Horizon of Investors' Information and Corporate Investment By Olivier Dessaint; Thierry Foucault; Laurent Frésard
  8. IFAD RESEARCH SERIES 88: The Impact of Climate Change on Livestock Production in Mozambique By McCarthy, Nancy; Cavatassi, Romina; Maggio, Giuseppe

  1. By: Glitscher, Wolfgang
    Abstract: To steer sustainable developments, such as for sustainable manufacturing, project management needs an expanded definition that can be translated into corporate action beyond delivering project results in closed, structured systems. Project managers are shapers of futures. In the sense of managing sustainable processes, they themselves are affected by the results from the realization of their projects. A Next7G Project Management is based on a principle from Iroquois lore. This considers the effects of actions on the next seven generations. This makes it necessary to pay attention to feasible and visionary further developments of project results in the direction of sustainable project management. The re-integration of customer, cooperation and creativity are current developments in project management. For Next7G Project Management a super customer has to be defined: The home planet. The super customer home planet provides resources. This common good - water, raw materials, air, earth, etc. - has no price. - has no price. The super customer home planet provides these goods for all, but cannot articulate itself and is not involved in the project work and does not have its own rights regarding its utilization. The superclient home planet is subject to destruction and exploitation by human activities. Confronted with increasing complexity and the management of mega projects in global challenges, project results are indispensable to think as an ongoing process for the product life cycle within a project from the individual customer: What does he really need and what are the implications? Newer, so-called agile methods of project management, already involve the customer in all phases of a project. Furthermore, due to the necessity of cooperation for complexity management, the limits of organizations as well as of states have to be considered. Within a project realization, ideas and approaches can be taken up by project managers and be continued for the further development of the project results in the direction of sustainability. In this way, project managers become designers of cooperations and also the initiators of creativity, initiating and controlling the processes necessary for this. They thus develop an understanding of processes that can lead to sustainable innovations. These innovations are the basic knowledge for a further development towards sustainability of the project results. The 17 SDG's could be used here, for example, as a basis for the development of KPI's (Key Performance Indicators) in the direction of sustainable project management. In addition, Key Competence Indicators (KCI) for sustainable project management need to be defined. Thinking outwards about the delivery of project results in terms of time and cost, taking into account the requirements of the super customer home planet, is necessary. In this sense, all project results are to be understood as intermediate products, for which a further use must be intended.
    Date: 2023–02–07
  2. By: Hajar Hmina (Faculty of Law, Economics and Social Sciences- Souissi, University Mohamed V of Rabat); Omar Hniche
    Date: 2022–12–10
  3. By: Catherine Wolfram; Edward Miguel; Eric Hsu; Susanna B. Berkouwer
    Abstract: There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting features—namely, contract bundling and monitoring—affect outcomes of a large economic development project. We leverage an unusual feature of Kenya’s nationwide electrification program: the quasi-random allocation of multilateral funding sources across nearby villages. African Development Bank (AfDB) projects used bundled contracts while the World Bank (WB) employed unbundled contracts together with strengthened inspections. To measure impacts, we collect on-the-ground engineering assessments, power quality data, household surveys, and analyze original contracts. The analysis suggests a stark trade-off: WB procedures delayed construction completion by 16 months relative to AfDB sites but improved construction quality by a sizeable 0.6 standard deviations. To disentangle the effects of contract bundling versus monitoring, we conducted randomized audits that enhanced monitoring. The audits improve household connectivity, network size, and voltage at AfDB sites, but have no impact at WB sites, suggesting monitoring and unbundling contracts may be substitutes. Given the apparent trade-off, we investigate how net benefits depend on policymaker time preferences and infrastructure longevity.
    JEL: D73 F35 H5 L94 O19
    Date: 2023–02
  4. By: Hafez Ghanem
    Abstract: Humanity is losing the climate battle, and existing international institutions are not delivering on climate change. Hence, there is a need for a new international institution that would be a repository for global knowledge on climate change, and would advise governments on climate policies, develop green projects across the Global South, mobilize financing for those projects, and support project implementation. The proposed Green Bank would be different from existing multilateral development banks: (1) it would include private shareholders as well as governments; (2) voting rights would be organized so that countries of the Global South would have the same voice as countries of the Global North and private shareholders; and (3) it would only finance green projects which could be national, regional, or global. The Green Bank would primarily support private green investments through equity contributions, loans, and guarantees. It could also support public investments by using grants to buy-down the interest on other multilateral development bank loans that finance projects that support adaptation to climate change. The Loss and Damage Fund agreed at COP27 could be the source of those grants. This proposal builds on the Bridgetown Initiative, with the aim of mobilizing private funding, in addition to the public trust fund that the initiative proposes. The Green Bank would partner with other institutions and complement the work of existing multilateral development banks, and of specialized funds.
    Date: 2023–02
  5. By: Nicolas Guichard,; Christian de Gromard,; Jérémy Gasc,; Étienne Espagne,; Martin Buchsenschutz,; Benoît Gars,; Laetitia Labaute.
    Abstract: Despite its abundant solar resources, Africa currently has low solar photovoltaic (PV) power generation capacities compared to other continents. Yet, the International Renewable Energy Agency (IRENA) projects a scale-up in coming years, with a sharp increase in the rate of construction of grid-connected PV power plants to align with the Paris Agreement pathways and the Sustainable Development Goals (SDGs).
    Keywords: Afrique
    JEL: Q
    Date: 2023–02–28
  6. By: MARQUES SANTOS Anabela (European Commission - JRC); CONTE Andrea (European Commission - JRC); OJALA Tauno (European Commission - JRC)
    Abstract: The circular economy approach aims to contribute to achieve the EU's environmental and climate objectives by ensuring a more efficient, rational and sustainable use of resources. Around €22.9 billion of the ERDF in 2014-2020 was used to support projects related to the development or adoption of circular economy technologies, and more eco-friendly business models (12% of total ERDF). ERDF projects implemented by textiles, construction and energy-intensive industries are around 2 times more likely to be associated with circular economy approaches than the average. Regions in Eastern European countries and Greece are the ones with a higher concentration of ERDF circular economy-related projects.
    Keywords: ERDF, Circular Economy, EU
    Date: 2023–01
  7. By: Olivier Dessaint (INSEAD); Thierry Foucault (HEC Paris - Finance Department); Laurent Frésard (Universita della Svizzera italiana (USI Lugano); Swiss Finance Institute)
    Abstract: We study how the quality of investors' information across horizons influences investment. In our theory, managers care about how investment is impounded in current stock prices. Because prices imperfectly reflect investment’s value, they under-invest. However, they under-invest less when investors have better information about the horizon matching that of their projects. Using a measure of projects' horizon obtained from the text of regulatory filings, we find that improvements in investors' long-term (short-term) information induce firms with long-term (short-term) projects to invest more, especially when managers focus on current stock prices. Therefore, the quality of investors' information across horizons has real effects.
    Keywords: Project Horizon, Short-termism, Information Quality, Forecasting horizon, Forecasts’ informativeness, Managerial Incentives
    JEL: D84 G14 G17 M41
    Date: 2023–01
  8. By: McCarthy, Nancy; Cavatassi, Romina; Maggio, Giuseppe
    Abstract: This paper incorporates climate variables, including rainfall conditions and patterns, into an impact assessment of the Value Chain Development Project in the Maputo and Limpopo Corridors (PROSUL) in Mozambique. It focuses on activities targeting improved pasture management, supplemental feed sources and livestock value chain development. Results show weather and climate conditions significantly impact households’ adoption of project activities and livestock productivity outcomes. Project beneficiaries in drought-prone areas are more likely to provide supplemental feed in the dry season, though livestock birth rates are still lower in those areas.
    Keywords: Agricultural and Food Policy, Community/Rural/Urban Development, Crop Production/Industries, Environmental Economics and Policy, Risk and Uncertainty
    Date: 2023–03–03

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