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on Project, Program and Portfolio Management |
| By: | Minh Ha-Duong (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | This review examines Vietnam's eighth Power Development Plan (PDP8), analyzing how it reveals tensions between traditional energy planning concepts and emerging realities. PDP8 aimed to balance renewable energy and natural gas priorities amidst Vietnam's rapidly changing energy landscape. The planning process struggled to incorporate uncertainties like technology cost declines and global energy crises. Although following a conventional optimization approach, PDP8 underwent repeated delays and pivots, pointing to misalignment between rational planning ideals and implementation constraints. The case study highlights the limitations of 'plan to build' methods focused on rigid engineering blueprints. Instead, Vietnam's energy transition requires strategic approaches that embrace flexibility and scenario analysis. Based on years of participative observation, two interview surveys, and extensive corpus analysis, the review traces PDP8's evolution towards more open-ended strategies. While still detailing infrastructure projects, PDP8 defines adaptive implementation mechanisms and conditional goals dependent on external finance. This shift from project lists to navigational thinking illustrates the need for energy planning to incorporate uncertainty and maintain the capacity to adjust. PDP8 represents a transitional compromise between traditional ten-year planning and emerging 'plan to drive' concepts focused on navigating change with annual updates to the Plan. |
| Abstract: | Cette étude de cas examine le huitième Plan de Développement Électrique du Vietnam (PDP8), en mettant en lumière les tensions entre les concepts traditionnels de planification énergétique et les réalités émergentes. Le PDP8 visait à équilibrer les priorités entre les énergies renouvelables et le gaz naturel dans un paysage énergétique vietnamien en rapide évolution. Le processus de planification a eu du mal à intégrer des incertitudes comme la baisse des coûts technologiques et les crises énergétiques mondiales. Bien qu'il suive une approche d'optimisation conventionnelle, le PDP8 a subi des retards répétés et des réorientations, indiquant un décalage entre les idéaux de planification rationnelle et les contraintes de mise en œuvre. Cette étude de cas met en évidence les limites des méthodes de 'planification pour construire' centrées sur des plans d'ingénierie rigides. Au lieu de cela, la transition énergétique du Vietnam nécessite des approches stratégiques qui embrassent la flexibilité et l'analyse de scénarios. Basée sur des années d'observation participative, deux enquêtes d'entretiens et une analyse approfondie du corpus, l'étude retrace l'évolution du PDP8 vers des stratégies plus ouvertes. Tout en détaillant encore les projets d'infrastructure, le PDP8 définit des mécanismes de mise en œuvre adaptatifs et des objectifs conditionnels dépendant de financements externes. Ce passage de listes de projets à une réflexion axée sur la navigation illustre la nécessité pour la planification énergétique d'intégrer l'incertitude et de maintenir la capacité d'adaptation. Le PDP8 représente un compromis transitoire entre la planification traditionnelle sur dix ans et les concepts émergents de 'planification pour diriger' axés sur la gestion du changement avec des mises à jour annuelles du Plan. |
| Keywords: | Power System Planning, Energy transition, Vietnam, Case study, Adaptative strategies |
| Date: | 2024–08–30 |
| URL: | https://d.repec.org/n?u=RePEc:hal:ciredw:hal-04683709 |
| By: | Axelson, Ulf; Makarov, Igor |
| Abstract: | We show that information aggregation in primary financial markets fails precisely when investors hold socially useful information for screening projects. Being wary of the Winner's Curse, less optimistic investors refrain from making financing offers, since their offers would be accepted only when a project is unviable. Their information is therefore lost. The Winner's Curse and associated information loss grow with the number of informed market participants, so that larger markets can lead to worse financing decisions and higher cost of capital for firms seeking financing. Precommitment to ration fundraising allocations, collusive club bidding, and shorting markets can mitigate the inefficiency. |
| Keywords: | Wiley deal |
| JEL: | F3 G3 |
| Date: | 2023–12–01 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:105042 |
| By: | Austin Zwick; Zachary Spicer; Aaron Eben (University of Toronto) |
| Abstract: | The rising popularity of smart city technology and digital government has prompted many national governments to attempt to spur municipal governments to adopt new tools aimed at digitalization, modernization, and innovation in a movement collectively known as “smart cities.” With few tools available to mandate that municipalities pursue a smart city approach, several national governments have turned to incentive-based competitions, launching state-led contests for their cities to upgrade their capabilities and offering millions of dollars in funding and organizational resources to incentivize communities to participate. Even for cities that do not win, these contests have created opportunities to critically assess their smart city aspirations and revisit long-term planning. Despite the intertwined histories of the smart city concept and urban competitions, limited research exists on the impact and influence of smart city competitions on city processes, plans, and operations. We ask the question “Is the competition model a good method to advance technological adoption in cities?” This paper addresses this gap by exploring in depth four different government-led smart city challenges – one each in the United Kingdom, the United States, the European Union, and Canada. By examining the program goals, competition mechanics, and publicized outcomes of each, then evaluating and comparing them through an urban change framework, this paper identifies the challenges inherent in a nationally driven, centralized approach to competition funding of municipal programs. It finds that these competitions were very effective at realizing the desired learning outcomes at the individual, organizational, and city levels: they helped generate new ways of thinking about technological solutions, and they supported the building of new relationships to address urban challenges for winners and non-winners alike. However, in terms of institutional and system change outcomes, the results of these competitions were much more limited. They were often most impactful for the city winners who were able to realize projects, and for national governments piloting a novel funding-by-competition model. We conclude by making policy recommendations on how to improve the implementation of this new model for the future. |
| Keywords: | smart city, urban competitions, funding |
| JEL: | O36 O38 H76 |
| Date: | 2024–08 |
| URL: | https://d.repec.org/n?u=RePEc:mfg:wpaper:68 |
| By: | Ferney Osorio (ERPI - Equipe de Recherche sur les Processus Innovatifs - UL - Université de Lorraine); Laurent Dupont (ERPI - Equipe de Recherche sur les Processus Innovatifs - UL - Université de Lorraine); Mauricio Camargo (ERPI - Equipe de Recherche sur les Processus Innovatifs - UL - Université de Lorraine); Claire Fauchille (Humaniteam Design); Guillaume Eckerlein (Hôpital Bicêtre [AP-HP, Le Kremlin-Bicêtre] - AP-HP - Assistance publique - Hôpitaux de Paris (AP-HP)) |
| Abstract: | In an era of urgent societal needs and digital transformations, hospitals are under increasing pressure to adapt while delivering high-quality services amid constraints such as limited funding and workforce shortages. Innovation labs have emerged as spaces to foster bottom-up innovation, but their effectiveness in healthcare remains understudied. Using a case study approach, we explore the mechanisms driving hospital innovation lab strategies and their impact at different levels of the hospital system. Using impact mapping, we provide empirical insights into the role of innovation labs in hospital innovation focusing on the patient experience, the well-being of healthcare professionals, and sustainable hospital management. |
| Keywords: | hospital innovation, innovation labs, impact mapping, multi-level, strategy |
| Date: | 2024–06–24 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04673842 |
| By: | Ruben Nicolas; Vitĕzslav Titl; Fredo Schotanus; Vitezslav Titl |
| Abstract: | The European Commission co-funds public projects through the European Structural and Investment Funds (ESIF) to stimulate the sustainable economic development of EU Member States. The ESIF budget is about 90 billion euros annually and ESIF beneficiaries are explicitly encouraged to increase their use of Green Public Procurement (GPP) since 2014. In this paper, we study to what extent ESIF co-funding affects the uptake of GPP, using a dataset with all public tender notices in the Czech Republic (2006-2019). Our findings suggest that ESIF co-funding instigates selection behaviour by contracting authorities to improve chances of receiving co-funding. After accounting for selection effects, we find that ESIF co-funding has a small but significant effect on the uptake of GPP. Studying exogenous changes in the ESIF policy conditions, we find that GPP uptake responds to changes in the availability of co-funding and not to stronger policy objectives related to sustainability. Finally, we find that the contracting authority’s prior experience with GPP is positively associated with ESIF co-funding and has only a small effect on GPP uptake aside from ESIF. |
| Keywords: | green public procurement, EU, co-funding, climate policy, policy evaluation, sustainable developmen |
| JEL: | H57 D73 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:ces:ceswps:_11263 |
| By: | Berman, Josh; Cauchois, Camille; Lucchesi, Dominic; McGee, Mary; Peck, Christina |
| Abstract: | The looming mass transit fiscal cliff threatens the viability of long term operations of BART and future Link21 projects. BART’s historic reliance on farebox recovery for financial stability necessitates an evaluation of available funding sources in an effort to increase funding for both long term project planning and ongoing operations. Given existing State and Federal policies that call for increased investment in public transit and rail and California’s stated goals around greenhouse gas emission reductions and equity improvements, the time is ripe for changes to the current funding mechanisms which have long favored highway and road projects over transit and rail. A streamlined process to ensure continuous and advanced planning is necessary for the successful completion of megaregional transit and rail projects that cross political jurisdictions. Further, this type of planning and funding is necessary for California to remain competitive for Federal funding opportunities, especially given the unprecedented amount of funding currently available from the Infrastructure Investment and Jobs Act (2021). |
| Keywords: | Social and Behavioral Sciences |
| Date: | 2022–12–01 |
| URL: | https://d.repec.org/n?u=RePEc:cdl:itsrrp:qt2s98b0wr |