nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2025–11–24
eight papers chosen by
Arvi Kuura, Tartu Ülikool


  1. Tools for labor cost estimation in international project teams By Sandra Ludynia-?ak; Adam Fularski
  2. The Horizon effect: A counterfactual analysis of EU Research & Innovation grants By Alessio MITRA; Konstantinos NIAKAROS
  3. Teaching Real Estate Capstone Project Comprehensively -- Sharing decade long experience from Auburn University Graduate Real Estate Development Program By Jay Mittal; Sweta Byahut
  4. Public administrators as politicians in office By Hessami, Zohal; Häcker, Timo; Thomas, Maximilian
  5. Startup acquisitions and innovation∗ By Christopher Teh; Chengsi Wang
  6. Toward a generic method to help develop circular economy indicators By Léa van der Werf; Gabriel Colletis; Stéphane Negny; Ludovic Montastruc
  7. Empowering European agriculture: Policy recommendations to enhance stakeholder engagement for sustainable technology adoption By Parce, Lisa; Donnellan, Trevor
  8. Not Just Astronauts: Gender Diagnosis and Budgeting in India's Space Sector. By Chakraborty, Lekha; Pillai, Shikha

  1. By: Sandra Ludynia-?ak (Doctoral School of Social Sciences, Jagiellonian University); Adam Fularski (Doctoral School of Social Sciences, Jagiellonian University)
    Abstract: Estimating labour costs in international projects is crucial for effective resource management. Differences in salaries, economic conditions, legal regulations, exchange rates and cultural norms require the use of advanced and flexible tools. The aim of this article is to analyse the available methods and tools for estimating labour costs and to assess their effectiveness in the context of cross-border cooperation. The research was based on interviews with international project managers, which allowed us to identify practical challenges and needs related to improving the tools used. The results will be used to develop more precise solutions to support labour cost management in international project teams.
    Keywords: AI, Building information modelling, Cost breakdown structure (CBS), Cultural differences, Exchange rate fluctuations, International project management, Labor cost estimation, Machine learning, Productivity variation, Risk breakdown structure (RBS)
    JEL: F23 J31 D24
    URL: https://d.repec.org/n?u=RePEc:sek:iefpro:15316649
  2. By: Alessio MITRA (European Commission); Konstantinos NIAKAROS (European Commission)
    Abstract: This paper evaluates the causal impact of the Horizon 2020 Framework Programme for Research and Innovation on financial firm-level outcomes using a Difference-in-Differences (DiD) approach. We use administrative data from CORDA and financial data from ORBIS spanning from 2010 to 2022, for a sample of approximately 40 thousand unique private companies that applied for Horizon 2020 funding. The findings suggest that firms receiving Horizon 2020 grants exhibit an average increase of 20% in employment and about 30% in total assets and revenues, compared to comparable companies in the control group, in the years after receiving their first grant. Positive effects persist even after 2.5 years, which is the average duration of a project in our sample. Companies in the “Information and communication” and “Professional, scientific and technical activities” NACE sectors are driving the results, while other sectors show insignificant effects.
    Keywords: Research and Innovation funding, impact assessment, econometric methods, spillover effects, mediation analysis, policy evaluation
    JEL: O32 O38 C18
    Date: 2025–11
    URL: https://d.repec.org/n?u=RePEc:eug:wpaper:ki-bd-23-010-en-n
  3. By: Jay Mittal; Sweta Byahut
    Abstract: The three-prong approach includes Project Visioning, Market Analysis and Financial Analysis as the three core pillars. Students are challenged to start with the big idea for the project site based on site characteristics and location, later this vision is corrected by feeding market information and a rough financial analysis is conducted. The paper highlights the role of initial big idea based on site analysis without the market intelligence that gives rise to creativity, testing the market information and iterating the plan and the initial vison brings project to ground reality without losing creativity, and a development of a rough cut proforma helps in developing a sense of project costs, revenues and thus ideal densities and FAR usage for the site. Reiterating the big idea design and adjusting the financials to align with the market information (costs, rents, and absorption), and thus the design, students develop a big idea project with focus on branding the newly created real estate to attract potential users and investors. The Capstone Course Faculty also benefits in the process as it starts seeing the project more holistically from design, market, and financial point of view. Furthermore, involvement of the investor panel at the time of review connects students and the academic faculty with the industry stalwarts and students pitch their final ideas in the form of IOM to the investor panel. The paper offers lessons that other graduate programs can use to improve student learning outcomes for their final capstone project including building capacity for their faculty.
    Keywords: Capstone Project Pedagogy; Graduate Real Estate Development Program; Student Learning Outconmes; Teaching and Service Learning
    JEL: R3
    Date: 2025–01–01
    URL: https://d.repec.org/n?u=RePEc:arz:wpaper:eres2025_190
  4. By: Hessami, Zohal; Häcker, Timo; Thomas, Maximilian
    Abstract: We analyze whether mayors’ prior occupation in the local public administration matters for their performance. In theory, mayors’ professional background may shape their competence in bureaucratic tasks. We use the example of grant receipts for visible investment projects for which mayors must submit an extensive application to the state government. Our dataset includes 1, 933 mayor elections (1993-2020) in the German state of Hesse to which we apply a sharp RD design for close mixed-background races. Mayors’ background on average has no effect on grant receipts. Yet, public administrator mayors do attract more grants than outsider mayors when they are ideologically aligned with the council, raising the motivation to apply for grants in the first place. We conclude that the competence of public administrator mayors only matters when they are motivated to use it, i.e. this is an example where incentives are necessary for the effects of political selection to materialize.
    Keywords: public administration; political selection; investment grants; administrative skills; professional background; mayors
    JEL: D73 D78 H71 H77 H83
    Date: 2025–12–01
    URL: https://d.repec.org/n?u=RePEc:ehl:lserod:130277
  5. By: Christopher Teh (Toulouse School of Economics, France & School of Economics); Chengsi Wang (Department of Economics and Monash Digital Lab, Monash University)
    Abstract: This survey explores how startup acquisitions influence innovation and competition. We review two key streams of literature: post-acquisition innovation, which examines whether incumbents develop or terminate acquired projects, and pre-acquisition innovation, which investigates how the prospect of acquisition shapes startups’ and incumbents’ incentives and innovation strategies. We also assess the implications for merger policy design, highlighting recent competition authority responses and dynamic considerations. Our work provides insights into the ongoing debate on how competition policy should regulate startup acquisitions in fast-evolving and uncertain markets.
    Keywords: acquisition, innovation, merger policy, startup
    JEL: G34 L12 L41 O3
    Date: 2025–11
    URL: https://d.repec.org/n?u=RePEc:mos:moswps:2025-14
  6. By: Léa van der Werf (LGC - Laboratoire de Génie Chimique - CNRS - Centre National de la Recherche Scientifique - Toulouse INP - Institut National Polytechnique (Toulouse) - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EPE UT - Université de Toulouse - Comue de Toulouse - Communauté d'universités et établissements de Toulouse); Gabriel Colletis (LEREPS - Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - UT2J - Université Toulouse - Jean Jaurès - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - Institut d'Études Politiques [IEP] - Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville); Stéphane Negny (LGC - Laboratoire de Génie Chimique - CNRS - Centre National de la Recherche Scientifique - Toulouse INP - Institut National Polytechnique (Toulouse) - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EPE UT - Université de Toulouse - Comue de Toulouse - Communauté d'universités et établissements de Toulouse); Ludovic Montastruc (LGC - Laboratoire de Génie Chimique - CNRS - Centre National de la Recherche Scientifique - Toulouse INP - Institut National Polytechnique (Toulouse) - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - EPE UT - Université de Toulouse - Comue de Toulouse - Communauté d'universités et établissements de Toulouse)
    Abstract: Defining indicators to guide projects in the transition to the circular economy (CE) is currently a challenge. Indeed, there is neither comprehensive (offering a global representation of the circular economy) and transverse (relevant to several specific cases) indicators, nor a consensual definition of the circular economy. To identify what could indicators about CE represent and how, a database of 379 non-aggregated indicators have been developed, based on the literature. Categories of the database are dimensions of the CE that can be considered, and indicators are example of ways to represent them. A main question is then how to use this database to propose indicators adapted to specific contexts. According to studies in ecological economics, involving stakeholders in the production of indicators ensures their institutional anchor and pertinence for the specific context. A participatory tool-based method using the database has then developed, based on an existing participatory method (PARDI). Each step of the method is supported by tools, defined through workshops in a multidisciplinary academic project and literature study. The method aims to be generic (scale, context), while the set of indicators produced would be specific. Its capabilities were demonstrated through a project to set up a food processing industry in a specific context.
    Keywords: Stakeholders, Decision-support, Sustainability, Territory, Circular economy, Indicators
    Date: 2025–02
    URL: https://d.repec.org/n?u=RePEc:hal:journl:hal-05365913
  7. By: Parce, Lisa; Donnellan, Trevor
    Abstract: This scoping review and multi-tiered qualitative analysis examines data collected through the QuantiFarm project, literature, policies and EU projects to understand the roles of stakeholders in influencing European farmers to adopt Digital Agricultural Technology Solutions (DATSs). The paper adopts a holistic sustainability framework to address economic, social and environmental factors which influence farmers' decision-making about DATSs adoption. Key stakeholders, namely farmers, advisors, technology providers and policymakers, play unique and complementary roles in creating an innovation ecosystem. During the lifecycle of DATSs adoption, farmers face multiple drivers and barriers. Challenges such as cost, ease of use, data ownership, and interoperability continue to hinder uptake of technologies. Farmers often cite concerns about lack of transparency regarding costs, unclear benefits, and a lack of aftermarket (post-adoption) support. Advisors and technology providers must bridge these gaps by fostering trust, simplifying access to resources and co-developing solutions. Policymakers must ensure that incentives, education, and funding mechanisms are targeted and accessible to farmers of all scales. This study synthesises diverse perspectives and presents actionable recommendations to enhance stakeholders’ roles in the DATSs adoption process, shaping policy frameworks which support sustainable technology adoption. Transparent communication, varied education, reliable advice, tailored farmer-centric technology design and behaviourally driven policies are critical enablers of adoption. Themes resulted from study analysis and are presented as behavioural interventions for embedding in future policy structures. These insights aim to empower policy makers across Europe to support stakeholders in providing farmers with the tools, knowledge and confidence to adopt technologies which improve resilience and sustainability across economic, social and environmental dimensions.
    Keywords: Agricultural and Food Policy, Environmental Economics and Policy, Research and Development/Tech Change/Emerging Technologies, Sustainability
    URL: https://d.repec.org/n?u=RePEc:ags:aes025:356715
  8. By: Chakraborty, Lekha (National Institute of Public Finance and Policy); Pillai, Shikha (National Institute of Public Finance and Policy)
    Abstract: Against the backdrop of United Nations Office for Outer Space Affairs' (UNOOSA’s) 2025 Landmark Study, which documents women's 30 percent global workforce share in public space agencies—declining to 19 percent on boards—this paper applies gender budgeting framework to diagnose fiscal policy imperatives in the Department of Space (DoS), India. Aligning with the foundational principles of the UN Outer Space Treaty (1967), which mandates equitable benefits from space exploration "for all people, " and with Sustainable Development Goals (SDGs) 4 (quality education), 5 (gender equality), 9 (industry, innovation, and infrastructure), and 17 (partnerships for the goals), this analysis underscores the role of gender budgeting as a fiscal multiplier for inclusive growth in emerging space economies. Despite the absence of specifically targeted programmes for women in the space sector within the Ministry of Finance’s Gender Budgeting Statement 2025-26, our ex-post fiscal incidence analysis reveals that ISRO's significant achievements are inherently women-inclusive in their outcomes, despite workforce underrepresentation. We analysed the Space budgets across the space centres in India, and also across sanctioned Space projects to understand the fiscal incidence and marksmanship in space technology (e.g., launch vehicles, propulsion systems) and space applications (e.g., Earth observation, communication satellites). Key findings highlight marked variations in resource utilisation efficiency: utilisation rates ranged from a low of 10.9 percent at IN-SPACe—reflecting nascent private-sector integration challenges—to 21 percent at VSSC and 32 percent at URSC, where mature R&D pipelines drive higher absorption. Given the outcome of Space programmes including Earth Observation (EO) programmes and communication satellites for climate resilience have demographic than behavioural access, the units utilised patterns across income quintiles determine the fiscal incidence. Integrating results-linked gender budgeting into space policy thus emerges as a dual lever for equity—ensuring women's voice in high impact decision-making—and efficiency, by harnessing diverse perspectives to optimise resource allocation and innovation trajectories.
    Keywords: Gender budgeting ; space sector ; fiscal incidence ; Sustainable Development Goals
    JEL: H50 J16 O38 Q55
    Date: 2025–11
    URL: https://d.repec.org/n?u=RePEc:npf:wpaper:25/439

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