nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2023‒11‒06
three papers chosen by
Arvi Kuura, Tartu Ülikool

  1. Effects of Project Failure Towards Stakeholders: A Review of Literature By Ullah, Nazim; Showrav, Ifthakarul; Eram, Mubarrat
  2. Private Finance of Public Infrastructure By Eduardo Engel; Ronald Fischer; Alexander Galetivoc
  3. Upstream supply chain vulnerability assessment: a collaborative research project with a car manufacturer By Yasmina Ziad; Nathalie Fabbe-Costes

  1. By: Ullah, Nazim; Showrav, Ifthakarul; Eram, Mubarrat
    Abstract: Effective project management requires an understanding of how stakeholders are impacted by project failure. It draws attention to the effects on those involve finances, reputations, and emotions, assisting organizations in risk avoidance and fostering stakeholder satisfaction, trust, and long-term success. The purpose of this study is to provide proactive risk management, stakeholder involvement, and project result strategies. In order to compile this study, we have used a number literature reviews ranging from 2004 to 2023. The study's findings show that project failure results in significant financial losses, harms reputation, has legal ramifications, affects employee wellbeing, stifles relationships with stakeholders, stifles innovation, and endangers communities and the environment. By Adopting proactive risk management, strong governance, open communication, employee support, stakeholder involvement, strategic resource allocation, and social and environmental responsibility to reduce these negative effects and achieve sustainable project outcomes. The policymakers, practitioners and academia should focus risk factors those are associated with the project failure and hance manage a good harmony among the stakeholders.
    Keywords: Project Failure, Stakeholders, Risk Factors, Project Management
    JEL: G32
    Date: 2023–09–28
  2. By: Eduardo Engel; Ronald Fischer; Alexander Galetivoc
    Abstract: Public-private partnerships (PPPs) have emerged as an organizational form to provide public infrastructure. A key characteristic of PPPs is that private investors participate directly in individual infrastructure projects. The advantage of private finance is that it may improve incentives. However, private finance typically neither frees public funds, nor enlarges the pool of viable projects. Private finance improves risk allocation if exogenous demand risk is assigned to the public, while endogenous risks are assigned to the private parties (PPP and financiers), which provides strong incentives for efficiency. When funding for the project relies on user fees, variable term contracts can allocate risks efficiently, in contrast to fixed term contracts. A potentially fruitful area for future research is to explore alternative financial contracts that allocate endogenous risks to private parties, and determine the optimal allocation of these risks among borrowers and lenders. This line of research is probably relevant beyond infrastructure finance. Key words: Infrastructure finance, P3, Risk allocation.
    Date: 2022
  3. By: Yasmina Ziad (CRET-LOG - Centre de Recherche sur le Transport et la Logistique - AMU - Aix Marseille Université); Nathalie Fabbe-Costes (AMU ECO - Aix-Marseille Université - Faculté d'économie et de gestion - AMU - Aix Marseille Université, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)
    Abstract: This paper focuses on the concept of supply chain (SC) vulnerability and how to assess it. In the context of an action research project, we conducted an SC vulnerability analysis for an automotive manufacturer. Our goal is to help SC managers prevent risks and SC disruptions, which in turn can improve the robustness of the SC. We propose a number of categories of vulnerability, which are drawn from both the literature and from practice. Using a specific SC case, we present the steps of our assessment approach and discuss the different categories used, how to assess them and how to assess overall SC vulnerability.
    Keywords: Upstream supply chain, Vulnerability assessment, Automotive industry
    Date: 2023–07–03

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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.