Identifying Critical Success and Risk Factors of Airport Projects in Turkey Based on Public-Private Partnership.

Yıl 2019, Cilt: 2 Sayı: 2, 101 - 122, 13.07.2019

Ali Omar Ramadhan Mohammed , Timuçin Harputlugıl

https://doi.org/10.37246/grid.509944

Öz

Public-Private Partnership (PPP) is a
significant procurement method in providing a public service. in particular, airport projects which constitute the
most capital-demanding infrastructures and the level of risks to which these
investments are subjected to is a great significance. Based on extensive
systematic literature review, critical success factors (CSFs), and risk factors
were collected to design a structural questionnaire for professionals and
experts for airports PPP projects in Turkey, 162 experts of which 67 of them
responded. The results revealed that the most important CSFs and risk factors
are identified and grouped by factor analysis test and combined in terms of 9
key performance indicator (KPI). 

Anahtar Kelimeler

Public-Private Partnership (PPP), Critical Success Factors (CSFs), Risk Factors

Kaynakça

• REFERENCES
• Abdul-Aziz, A. R., & Jahn Kassim, P. S. (2011). Objectives, success and failure factors of housing public-private partnerships in Malaysia. Habitat International, 35(1), 150-157. DOI:10.1016/j.habitatint.2010.06.005
• Abednego, M. P., & Ogunlana, S. O. (2006). Good project governance for proper risk allocation in public-private partnerships in Indonesia. International Journal of Project Management, 24(7), 622-634. DOI:10.1016/j.ijproman.2006.07.010
• Ameyaw, E. E., & Chan, A. P. C. (2015). Evaluation and ranking of risk factors in public-private partnership water supply projects in developing countries using fuzzy synthetic evaluation approach. Expert Systems with Applications, 42(12), 5102-5116. DOI:10.1016/j.eswa.2015.02.041
• Ameyaw, E. E., Chan, A. P. C., & Owusu-Manu, D.G. (2017). A survey of critical success factors for attracting private sector participation in water supply projects in developing countries. Journal of Facilities Management, 15(1), 35-61. DOI:10.1108/jfm-06-2016-0027
• Başar, B., Bayirbaş, B. N., & Yilmaz, A. Z. (2016). The Public-Private Partnership Model in Turkey: Heavy Infrastructure Projects. The Turkish Commercial Law Review, (2, 2).
• Bing, L., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005). The allocation of risk in PPP/PFI construction projects in the UK. International Journal of Project Management, 23(1), 25-35. DOI:10.1016/j.ijproman.2004.04.006
• Broadbent, J., & Laughlin, R. (2003). Public-private partnerships: an introduction. Accounting, Auditing & Accountability Journal, 16(3), 332-341. DOI:10.1108/09513570310482282
• Chan, A. P., Lam, P. T. I., ASCE, D. M., Cheung, E., & Ke, Y. (2010). Critical Success Factors for PPPs in Infrastructure Developments: Chinese Perspective. Journal of Construction Engineering and Management 136(5). DOI: 10.1061/ ASCECO.1943-7862.0000152
• Cheung, E., & Chan, A. P. C. (2011). Risk Factors of Public-Private Partnership Projects in China: Comparison between the Water, Power, and Transportation Sectors. Journal of Urban Planning and Development, 137(4), 409-415. DOI:10.1061/(ASCE)up.1943-5444.0000086
• Chou, J.S., Ping Tserng, H., Lin, C., & Yeh, C.P. (2012). Critical factors and risk allocation for PPP policy: Comparison between HSR and general infrastructure projects. Transport Policy, 22, 36-48. DOI:10.1016/j.tranpol.2012.05.009
• Chou, J.S., & Pramudawardhani, D. (2015). Cross-country comparisons of key drivers, critical success factors and risk allocation for public-private partnership projects. International Journal of Project Management, 33(5), 1136-1150. DOI:10.1016/j.ijproman.2014.12.003
• Chung, D., Hensher, D. A., & Rose, J. M. (2010). Toward the betterment of risk allocation: Investigating risk perceptions of Australian stakeholder groups to public-private-partnership tollroad projects. Research in Transportation Economics, 30(1), 43-58. DOI:10.1016/j.retrec.2010.10.007
• Cumming, D. (2007). Government policy towards entrepreneurial finance: Innovation investment funds. Journal of Business Venturing, 22(2), 193-235. DOI:10.1016/j.jbusvent.2005.12.002
• Emek, U. (2015). Turkish experience with public-private partnerships in infrastructure: Opportunities and challenges. Utilities Policy, 37, 120-129. DOI:10.1016/j.jup.2015.06.005
• Ernest Effah Ameyaw, & Chan, A. P. C. (2016). Critical success factors for public-private partnership in water supply projects. Facilities, 34(3/4), 124-160. DOI:10.1108/F-04-2014-0034
• Grimsey, D. & Lewis, M. K. (2002). Evaluating the risks of public-private partnerships for infrastructure projects. International Journal of Project Management, 20, 107-118.
• Hair Jr., J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate Data Analysis: A Global Perspective (7th Edition ed.): Pearson Education, Upper Saddle River.
• Hardcastle, C., Edwards, P. J., Akintoye, A., & Li, B. (2005). Critical Success Factors for PPP/PFI Projects in the UK Construction Industry: A Factor Analysis Approach. Paper presented at the One day Conference on Public-Private Partnerships, Opportunities, and Challenges. The University of Hong Kong and Hong Kong Institution of Engineers.
• Hemantkumar P. B., Alok K., Rakesh K., & Chauhan, K. A. (2016). Principle Factors for Success of Traditional vs. PPP Road Projects in India. I J A B E R, 14(6), 3575-3590.
• Horn, J. L. (1965). A rationale and test for the number of factors in factor analysis. Psychometrica, 30(2), 179-185. Hsueh, C.-M., & Chang, L.-M. (2017). Critical success factors for PPP infrastructure: perspective from Taiwan. Journal of the Chinese Institute of Engineers, 40(5), 370-377. DOI:10.1080/02533839.2017.1335619
• Hwang, B.-G., Zhao, X., & Gay, M. J. S. (2013). Public-private partnership projects in Singapore: Factors, critical risks and preferred risk allocation from the perspective of contractors. International Journal of Project Management, 31(3), 424-433. DOI:10.1016/j.ijproman.2012.08.003
• Ismail Abdul Rahman, Aftab Hameed Memon, & Zulkiffli, N. S. M. (2014). Failure Reasons of PPP Infrastructure Projects: Case Study of Kuala Lumpur LRT Project. Life Science Journal, 11(7), 238-246.
• Joseph F. Hair JR., William C. Black, Barry J. Babin, & Anderson, R. E. (2010). Overview of Multivariate Data Analysis (7th Edition ed.). England: Pearson Education Limited.
• Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005). Critical success factors for PPP/PFI projects in the UK construction industry. Construction Management and Economics, 23(5), 459-471. DOI:10.1080/01446190500041537
• Liu, T., Wang, Y., & Wilkinson, S. (2016). Identifying critical factors affecting the effectiveness and efficiency of tendering processes in Public-Private Partnerships (PPPs): A comparative analysis of Australia and China. International Journal of Project Management, 34(4), 701-716. DOI:10.1016/j.ijproman.2016.01.004
• LiYaning Tang, Qiping Shen, & Cheng, E. W. L. (2010). A review of studies on Public–Private Partnership projects in the construction industry. International Journal of Project Management, 28, 683-694. DOI:10.1016/j.ijproman.2009.11.009
• Noorzai, E., Jafari, K. G., Golabchi, M., Hamedi, S., & (2016). Selecting an Appropriate Finance Method of PPP for a railway project in Iran through AHP Method International Journal of Structural and Civil Engineering Research, 5(1). DOI:10.18178/ijscer.5.1.74-79
• Ömay Çokluk, & Koçak, D. (2016). Using Horn’s Parallel Analysis Method in Exploratory Factor Analysis for Determining the Number of Factors. Educational Sciences: Theory & Practice, 16(2), 537-551. DOI:10.12738/estp.2016.2.0328
• Osei-Kyei, R., & Chan, A. P. C. (2015). Review of studies on the Critical Success Factors for Public-Private Partnership (PPP) projects from 1990 to 2013. International Journal of Project Management, 33(6), 1335-1346. DOI:10.1016/j.ijproman.2015.02.008
• Osei-Kyei, R., Chan, A. P. C., Javed, A. A., & Ameyaw, E. E. (2017). Critical success criteria for public-private partnership projects: international experts’ opinion. International Journal of Strategic Property Management, 21(1), 87-100. DOI:10.3846/1648715x.2016.1246388
• Pallant, J. (2016). SPSS Survival Manual. New York.
• PWC. (2017). Capital Project and Infrastructure Spending in Turkey Outlook to 2023. Retrieved from https://www.pwc.com.tr/en/hizmetlerimiz/danismanlik/sirket-birlesme-ve-satin-almalari/yayinlar/turkiye-altyapi-yatirim-harcamalari-raporu.html
• Rauda Al-Saadi, & Abdou, A. (2016). Factors critical for the success of public-private partnerships in UAE infrastructure projects: experts' perception. International Journal of Construction Management. DOI:10.1080/15623599.2016.1146110
• Robert, O. K., Dansoh, A., & Ofori – Kuragu, J. K. (2014). Reasons for adopting Public–Private Partnership (PPP) for construction projects in Ghana. International Journal of Construction Management, 14(4), 227-238. DOI:10.1080/15623599.2014.967925
• Robert Osei-Kyei, & Chan, A. P. C. (2016). Implementing a Public-Private Partnership (PPP) Policy for Public Construction Projects in Ghana: Critical Success Factors and Policy Implications. International Journal of Construction Management. DOI:10.1080/15623599.2016.1207865
• Roumboutsos, A., & Anagnostopoulos, K. P. (2008). Public-private partnership projects in Greece: risk ranking and preferred risk allocation. Construction Management and Economics, 26(7), 751-763. DOI:10.1080/01446190802140086
• Sanni, A. O. (2016). Factors determining the success of public-private partnership projects in Nigeria. Construction Economics and Building, 16(2), 42-55. DOI:10.5130/AJCEB.v16i2.4828
• Shen, L.-Y., Platten, A., & Deng, X. P. (2006). Role of public-private partnerships to manage risks in public sector projects in Hong Kong. International Journal of Project Management, 24(7), 587-594. DOI:10.1016/j.ijproman.2006.07.006
• Solomon Olusola Babatunde, Srinath Perera, Lei Zhou, & Udeaja, C. (2016). Stakeholder Perceptions on Critical Success Factors for Public-Private Partnership Projects in Nigeria. Built Environment Project and Asset Management, 6(1), 74-91. DOI:10.1108/BEPAM-11-2014-0061
• Song, J., Song, D., Zhang, X., & Sun, Y. (2013). Risk identification for PPP waste-to-energy incineration projects in China. Energy Policy, 61, 953-962. DOI:10.1016/j.enpol.2013.06.041
• Tang, L., Shen, Q., & Cheng, E. W. L. (2010). A review of studies on Public–Private Partnership projects in the construction industry. International Journal of Project Management, 28(7), 683-694. DOI:10.1016/j.ijproman.2009.11.009
• Wang, Y. (2015). Evolution of public-private partnership models in American toll road development: Learning based on public institutions' risk management. International Journal of Project Management, 33(3), 684-696. DOI:10.1016/j.ijproman.2014.10.006
• Worldbank. (2015). Transport Sector Global PPI1 Update. Washington DC: World Bank publication. Retrieved from https://ppi.worldbank.org/
• Xianhai M., Qi Zhao, Qiping S., & M.ASCE3. (2011). Critical Success Factors for Transfer-Operate-Transfer Urban Water Supply Projects in China. Journal of Management in Engineering, 27(4), 243-251.
• Yongjian Ke, ShouQing Wang, Albert P. C. Chan, & Cheung, E. (2009). Research Trend of Public-Private Partnership in Construction Journals. Journal of Construction Engineering and Management, 135(10), 1076-1086. DOI:10.1061//asce/0733-9364/2009/135:10/1076
• Zhang, S., Chan, A. P. C., Feng, Y., Duan, H., & Ke, Y. (2016). A critical review on PPP Research – A search from the Chinese and International Journals. International Journal of Project Management, 34(4), 597-612. DOI:10.1016/j.ijproman.2016.02.008