Comparative performance of healthcare and transport PFI projects: Empirical study on the influence of key factors
Henjewele, C., Sun, M. and Fewings, P. (2014) Comparative performance of healthcare and transport PFI projects: Empirical study on the influence of key factors. International Journal of Project Management, 32 (1). pp. 77-87. ISSN 0263-7863 Available from: http://eprints.uwe.ac.uk/16938
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Publisher's URL: http://dx.doi.org/10.1016/j.ijproman.2013.01.008
Private Finance Initiative (PFI) has been used on many projects in the UK in the delivery of public services. Supporters of PFI credit improved project performance to the superior skills of the private sector. So far, there are limited empirical studies on the life cycle performance of PFI projects, especially performance comparison between different sectors. This study investigated and compared variations in costs, time, and client requirements from the strategic business case stage through to the operational phase in healthcare and transport sectors. It explored the influence of sector-specific factors, project size and maturity of the PFI on these variations. It used documentary analysis of full business cases of five PFI projects and a questionnaire survey of 44 PFI projects in the UK. The findings reveal that there are still considerable cost and times overruns and requirements changes in PFI project in both sectors. The health sector outperformed the transport sector in time overruns but underperformed on costs. Smaller-value projects outperformed larger projects on costs variations but underperformed on time.