Enhancing Decision-Making Process for Major Infrastructure Projects: A Comparative Study of Australia and China

Yisheng Liu () and Yan Wang ()
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Yisheng Liu: Beijing Jiaotong University
Yan Wang: Beijing Jiaotong University

A chapter in LISS 2014, 2015, pp 1129-1133 from Springer

Abstract: Abstract There is continuing demand for more and better major infrastructure to achieve sustainable high quality growth in China. Decision making of major infrastructure projects (MIPs) is vital to the successful construction. Incorrect decisions lead to irretrievable results, great financial loss and waste. Therefore, conducting a research in the decision-making process of the major infrastructure is quite necessary. This paper is aimed at finding the shortages in the decision-making process of the major infrastructure in China. Comparative study of Australia and China is adopted in this research and documentary analysis is used as the main data collection method. Recommendations are provided for achieving greater uniformity and efficiency in decision-making process for major infrastructure. The solutions have practical implications for decision-making process of general MIPs in China.

Keywords: Comparative study; Decision-making process; Major infrastructure projects; Australia; China (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-43871-8_163

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DOI: 10.1007/978-3-662-43871-8_163

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