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Against a background of already thin markets in some sectors of major public sector infrastructure in Australia and the desire of Australian federal government to leverage private finance, concerns about ensuring sufficient levels of competition are prompting federal government to seek new...
Persistent link: https://www.econbiz.de/10009438282
The significant challenge faced by government in demonstrating value for money in the delivery of major infrastructure resolves around estimating costs and benefits of alternative modes of procurement. Faced with this challenge, one approach is to focus on a dominant performance outcome visible...
Persistent link: https://www.econbiz.de/10009438284
Life Cycle Cost Analysis provides a form of synopsis of the initial and consequential costs of building related decisions. These cost figures may be implemented to justify higher investments, for example, in the quality or flexibility of building solutions through a long term cost reduction. The...
Persistent link: https://www.econbiz.de/10009438368
In many countries, the main providers for major infrastructure projects are government or public agencies. Public infrastructure projects includes economic and social infrastructure such as transportation, education and health facilities. Most decision-making models for delivery of public...
Persistent link: https://www.econbiz.de/10009438199
Highway construction works have significant bearings on all aspects of sustainability. As they typically involve huge capital funds, stakeholders tend to place all interests on the financial justifications of the project, especially when embedding sustainability principles and practices may...
Persistent link: https://www.econbiz.de/10009483342
Sustainable development is about making societal investments. These investments should be in synchronization with the natural environment, trends of social development, as well as organisational and local economies over a long time span. Traditionally in the eyes of clients, project development...
Persistent link: https://www.econbiz.de/10009438075
Nowadays, most of the infrastructure project developments undertaken are complex in nature, demanding greater skill and technologies, fast track work practices, good decision making and analytical skill, and capabilities to utilize Information Communication Technologies (ICT) specifically in...
Persistent link: https://www.econbiz.de/10009437778
Most infrastructure project developments are complex in nature, particularly in planning phase. During this stage, many vague alternatives occur - from the strategic to operational level. Human judgement and decision making are characterized by biases, errors and the use of heuristics. These...
Persistent link: https://www.econbiz.de/10009437784
Most infrastructure projects share the same characteristics in term of management aspects and shortcomings. Human factor is believed to be the major drawbacks due to the nature of unstructured problems which can further contribute to management conflicts. This growing complexity in...
Persistent link: https://www.econbiz.de/10009438035
Most infrastructure project developments are complex in nature, particularly in the planning phase. During this stage, many vague alternatives are tabled - from the strategic to operational level. Human judgement and decision making are characterised by biases, errors and the use of heuristics....
Persistent link: https://www.econbiz.de/10009483358