Management Control in Public-Private Partnerships PDF Download

Author: Thomas S. Konrad
Publisher: Springer
ISBN: 3658228687
Category : Business & Economics
Languages : en
Pages : 462

View

Book Description
Thomas S. Konrad analyzes the management control design and reveals critical success factors of strategically oriented public-private partnerships for development between international governmental actors and the private sector. He builds a sound basis for the identification of a research gap and the derivation of research questions. The results generate sufficient evidence to answer these questions and therefore to close the identified research gap. Finally, he excelled in the discussion of the results by making a contribution of theory and by providing substantive recommendations to practitioners equally well.

Author: Mohammad Heydari
Publisher: Routledge
ISBN: 1000326578
Category : Business & Economics
Languages : en
Pages : 286

View

Book Description
Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms. The book also stresses the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.

Author: Ranjith Appuhami Bala Appuhamilage
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 254

View

Book Description
Public-Private Partnerships (PPPs) have increasingly been recognised as a key strategic policy for delivering public infrastructure services in developing countries. PPPs as an important part of the effort of the governments in developing countries are also expected to reduce the burdens on their budgets and excessive debt. With proper management controls, a PPP could further generate efficiency, effectiveness, innovations, and achieve value for money objective in the delivery of public services. However, the progress of PPPs in developing countries has been slow, often failing to achieve value for money objective. In many occasions, PPPs in these countries were either held up or terminated before proceeding to the physical development stage. The aim of this thesis is to examine the use of management control systems by public partners to minimise risk associated with PPPs with special reference to Sri Lanka. The thesis adopts 'thesis by publication' format and includes three research papers with specific objectives. The study finds that public partners use control archetypes, namely market, bureaucratic and clan, with control strategies, namely performance evaluation and trust, to minimise relational risk and performance risk in different combinations in different phases of PPPs. The study also reveals that while five contingent factors suggested by transaction cost economic theory are highly relevant in the context of PPPs in Sri Lanka, the institutional environment and the power differential also influence public partners' choice between various control archetypes. Further, the thesis provides evidence suggesting that the PPP policy innovated in industrialised countries was diffused into Sri Lanka with coercion from international aid organisations (IAOs) through the conditionality attached to financial assistance. The findings of the study contribute to literatures on PPPs, public policy, and new public management in general and management control in particular. The findings also have implications for governments in developing countries, IAOs, managers in both public sector and private sector organisations.

Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61

View

Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Author: Seth A. Grossman
Publisher: Routledge
ISBN: 1317416473
Category : Political Science
Languages : en
Pages : 324

View

Book Description
The ability to create and sustain partnerships is a skill and a strategic capacity that utilizes the strengths and offsets the weaknesses of each actor. Partnerships between the public and private sectors allow each to enjoy the benefits of the other: the public sector benefits from increased entrepreneurship and the private sector utilizes public authority and processes to achieve economic and community revitalization. Partnership Governance in Public Management describes what partnership is in the public sector, as well as how it is managed, measured, and evaluated. Both a theoretical and practical text, this book is a what, why, and how examination of a key function of public management. Examining governing capacity, community building, downtown revitalization, and partnership governance through the lens of formalized public-private partnerships – specifically, how these partnerships are understood and sustained in our society – this book is essential reading for students and practitioners with an interest in partnership governance and public administration and management more broadly. Chapters explore partnering technologies as a way to bridge sectors, to produce results and a new sense of public purpose, and to form a stable foundation for governance to flourish.

Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Technology and Procurement Policy
Publisher:
ISBN:
Category : Electronic government publications
Languages : en
Pages : 98

View

Book Description

Author: Mr.Timothy C Irwin
Publisher: International Monetary Fund
ISBN: 1484380924
Category : Business & Economics
Languages : en
Pages : 14

View

Book Description
This note discusses what finance ministries can do to ensure that public-private partnerships (PPPs) are used wisely. By inviting private participation in infrastructure development and service provision, PPPs can help improve public services. Yet, strong governance institutions are needed to manage risks and avoid unexpected costs from PPPs. While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks. To use PPPs wisely governments should (1) develop and implement clear rules for their use; (2) identify, quantify, and disclose PPP risks and expected costs; and (3) reform budget and government accounting frameworks to capture all fiscal costs comprehensively.

Author: Danielle Nel
Publisher:
ISBN:
Category : Public-private sector cooperation
Languages : en
Pages : 860

View

Book Description

Author: G Ramesh
Publisher: Routledge
ISBN: 1317809602
Category : Business & Economics
Languages : en
Pages : 348

View

Book Description
The collection of papers brings out the complexities in PPP in terms of types, conceptualization, structure, institutions, and financing. It covers a broad sweep ranging from infrastructure to services and utilities; and from global to Indian states. The methodology is primarily empirical but the thrust is on conceptualization of PPP in its various forms and frameworks. PPP is still a practitioner’s field but is growing in size and significance; and as a solution to failures of public system and the consequent privatization. It is a major attraction to policy makers and funding agencies given its middle-of-the-road approach. It is likely to gain currency, but it is important that we get deeper understandings of this form before we place more faith in this. The papers in this book, selected from a conference on PPP held at the Indian Institute of Management Bangalore in 2008, raise several important conceptual issues and seek to address some of them.

Author: Mr.Barry Anderson
Publisher: International Monetary Fund
ISBN: 9781589064935
Category : Business & Economics
Languages : en
Pages : 104

View

Book Description
Public-private partnerships (PPPs) refer to arrangements under which the private sector supplies infrastructure assets and infrastructure-based services that traditionally have been provided by the government. PPPs are used for a wide range of economic and social infrastructure projects, but they are used mainly to build and operate roads, bridges and tunnels, light rail networks, airports and air traffic control systems, prisons, water and sanitation plants, hospitals, schools, and public buildings. PPPs offer benefits similar to those offered by privatization, which is the sale of government-owned enterprises or assets. By the late 1990s, when privatization was losing much of its earlier momentum, PPPs began to be widely seen as a means of obtaining private sector capital and management expertise for infrastructure investment. After a modest start, a wave of PPPs is now beginning to sweep the world. This Special Issue paper provides an overview of some of the issues raised by PPPs, with a particular focus on their fiscal consequences. It also looks at government guarantees, which are used fairly widely to shield the private sector from risk and are a common feature of PPPs. And it examines the consequences of PPPs and guarantees for debt sustainability. The paper concludes with a list of measures that can maximize the benefits and minimize the fiscal risks associated with the use of PPPs. Various appendices augment the discussion by examining country experiences with PPPs, summarizing the statistical reporting framework used to discuss fiscal accounting and reporting, explaining accounting for risk transfer, examining how guarantees are modeled and estimated in Chile, and summarizing international accounting and reporting standards for contingent liabilities.