Public-Private Partnerships: a review of theory and practice of performance measurement

Junxiao Liu, Peter E.D. Love, Jim Smith, Michael Regan and Monty Sutrisna

International Journal of Productivity and Performance Management, 2014, vol. 63, issue 4, 499-512

Abstract: Purpose - – This paper reviews the normative literature of performance measurement within the context of Public-Private Partnerships (PPPs). The purpose of this paper is to examine the effectiveness of current ex post evaluations of PPPs and identify a feasible direction to comprehensively and effectively measure the performance of PPP infrastructure projects. Design/methodology/approach - – An in-depth literature review is conducted in this paper. The focus of the review is associated with the general performance measurement and performance measurements of PPPs. Findings - – This paper identifies that conventional ex post evaluation is not robust enough to measure the performance of PPP projects. Based on the characteristics of PPPs, the life-cycle (process-based) evaluation under performance measurement system is a promising approach to comprehensive and effective PPP performance measurement. Practical implications - – The outcomes of this paper can be used as a theoretical base for the development of PPP performance measurement framework. Originality/value - – Performance measurement is essential to business success, whether it is at the organisation or project level. Limitations on public funds have encouraged more and more governments across the world to use PPPs to procure economic and social infrastructure projects. Similar to traditional procurement,ex postevaluation is being widely used in PPP projects. However, PPPs are more complicated than other traditional procurement approaches. Exploration of literature suggests that limited research has been undertaken to examine if conventionalex postevaluation is sufficient to measure the performance of PPPs. This paper will bridge this significant knowledge gap.

Keywords: Performance measurement; Life-cycle evaluation; Public-Private Partnerships (PPPs) (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijppmp:v:63:y:2014:i:4:p:499-512

DOI: 10.1108/IJPPM-09-2013-0154

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