Conceptualization and Visual Representation of Uncertainty and Complexity Factors in Public-Private Partnership Projects

Date

2020-11-14

Author

Kamali, Saeed
Birgönül, Mustafa Talat
Dikmen Toker, İrem

Metadata

Show full item record

Item Usage Stats

164
views

0
downloads

Public-private partnership contracts have acquired a substantial interest in the construction industry of many different countries, and therefore, the importance of the PPP project's success has surged forward. Uncertainty and complexity are two inseparable features of PPP contracts, which can cause failure in the project and decrease the success rate. Information visualization techniques provide decision-makers with a superior perception of these two features and consequently assist them in making a better decision. For this reason, there is a demand to develop a visual representation to understand the impact of complexity, uncertainty, and their interactions upon PPP project performance. This research study aims to develop a conceptual model to explore and visually represent uncertainty and complexity in public-private partnership projects and their impacts on project performance by considering vulnerability and resilience concepts. The findings of this study may provide decision-makers with a conceptual framework to better understand the interaction of uncertainty and complexity in a project as well as their influences on project behavior and subsequently make a better decision.

Subject Keywords

Complexity, Uncertainty, Public-private partnership, Visualization, Resilience

URI

https://hdl.handle.net/11511/72535
http://ipcmc2020.itu.edu.tr/docs/librariesprovider285/default-document-library/%c4%b1pcmc2020_proceedings.pdf?sfvrsn=8

Conference Name

6th International Project and Construction Management Conference, (12 - 14 Kasım 2020)

Collections

Department of Civil Engineering, Conference / Seminar

Suggestions

OpenMETU
Core

An Exploratory Study on Causes and Impacts of Variation Orders in Public-Private Partnership Projects Ejder, Kıvanç Umut; Dikmen Toker, İrem; Birgönül, Mustafa Talat; Department of Civil Engineering (2022-2) Variation is an inevitable and inherent factor in public-private partnerships (PPP) projects which are a result of the extensive contract duration and the dynamic environment together with a large number of stakeholders. It is common in all kinds of PPP projects and determines the time limits and projected budget of the projects. For the social and financial viability of the project, it is important to be aware of these variations and their consequences that occur during the project life cycle. One of the m...
Social Impact Assessment of Circular Construction: Case of Living Lab Ghent Kayaçetin, Nuri Cihan; Piccardo, Chiara; Versele, Alexis (2023-01-01) The construction industry is considered to have a high potential in achieving the sustainable development goals. The circular economy is a promising framework that supports the shift from a linear-construction industry to an environmental-friendly and efficient sector. On the other hand, there is a lack of effort in measuring the impact of construction-related activities on users and society. The gap is greater when the context of social impacts is related to circular and bio-based construction. For this pu...
Risk Identification in Public Private Partnership Projects Saeed, Kamali; Birgönül, Mustafa Talat; Dikmen Toker, İrem (2018-11-18) Nowadays, investment in building technical infrastructure in Da Nang city has increased rapidly in terms of scale and scope with the broad participation of the whole society. The unstable effects of the surrounding environment and the internal adjustment of the project lead to many fundamental changes that were initially planned and changed the effectiveness of the project. This is the existence of the risk of Public Private Partnerships (PPP) project in investerment of technical infrastructure in Da Nang. ...
A decision support system for value for money analysis of minimum revenue guaranteed road projects Tekin, Zeki Emre; Sönmez, Rifat; Department of Civil Engineering (2018) Public Private Partnership (PPP) projects have ability to fund themselves when investments generate sufficient revenue. However, commercial revenues except collected tolls are limited in road projects. On the other hand, demand uncertainty creates concerns regarding toll revenues and governments generally provide Minimum Revenue Guarantee (MRG) to make road PPPs feasible and attractive for private sector. If optimum level of MRG are not assessed during preparation stage and required funds are not allocated ...
Planning, Urban Management and Heritage (PUMAH) Akkar Ercan, Zübeyde Müge(2016-1-31) This project will develop a joint networking and advanced research programme on critical issues of planning, management and urban heritage that will strengthen research partnerships between European and Chinese partners. This aim will be achieved by short and longer-term periods of staff exchanges and networking activities between the participants, each a prestigious research institution. In total 79 researchers will undertake 215 months of exchange. The ultimate goal of this project is to achieve more r...

Citation Formats

S. Kamali, M. T. Birgönül, and İ. Dikmen Toker, “Conceptualization and Visual Representation of Uncertainty and Complexity Factors in Public-Private Partnership Projects,” İstanbul, Türkiye, 2020, p. 348, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/72535.