How Is The Business Case Used By Stakeholders
For Making Project Decisions
With PFI/PPP Projects?
Author(s)
M. J. Gannon
Abstract
In the United Kingdom (UK) Metro and Light Rail projects (new schemes,
extensions and enhancements) are traditionally promoted by public sector
sponsors within an extensive network of public and private sector stakeholders.
This structure of public and private stakeholders has emerged since the structural
and funding changes to the UK rail industry that occurred in the early 1990s;
particularly the case with Public-Private-Partnership/Private Finance Initiative
(PPP/PFI) rail projects. This complex stakeholder network includes: private
sector infrastructure providers, train-operating companies; and public sector
County Councils, Government departments and advisors and consultants from
the private sector acting on their behalf.
Each group of project sponsors needs to address a range of complex project
decisions throughout the project’s development period. The business case
provides decision makers with a tool to analyse and assess options to inform and
justify the impact of these project decisions. Therefore the information
contained within the business case is critical to facilitate successful project
decision-making. Although literature provides a best practice for the business
case form and an outline of expected project decisions, it provides minimal
information regarding the nature of these decisions and how the business case
and supporting information is used in addressing these decisions.
Keywords: PFI/PPP projects, business case, decision making, rail projects.
Keywords
PFI/PPP projects, business case, decision making, rail projects.
Related Book
Other papers in this volume
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