TY - CHAP
T1 - Stakeholder Management of Public-Private Partnerships: a European Infrastructure Project Analysis
AU - De Schepper, Steven
AU - Haezendonck, Elvira
AU - Dooms, Michael
PY - 2012/1/10
Y1 - 2012/1/10
N2 - Public-Private Partnerships (PPPs), defined in this paper as project finance mechanisms of government for the realization and operation of public facilities and services, enjoy increasing popularity in Europe. Despite this popularity, many PPPs fail, even in the start-up phase, due to the mismanagement of stakeholders. With the choice for PPP as a budget-increasing vehicle, managers of both the public and private parties face a more complex environment with many more and new key stakeholders. In this paper, capitalizing on stakeholder theory, we analyze the main pitfalls concerning PPP stakeholder management through a case study of a recent failed infrastructure PPP in Europe. More in particular, we address the question of accountability and provide a number of recommendations to improve success of PPPs in this context. Building on stakeholder theory, and more specifically stakeholder attributes, together with the information from a large European PPP project, i.e. the Oosterweel connection in Antwerp, we propose in this paper a dynamic dual stakeholder analysis and a 5-step approach for PPP stakeholder management.
AB - Public-Private Partnerships (PPPs), defined in this paper as project finance mechanisms of government for the realization and operation of public facilities and services, enjoy increasing popularity in Europe. Despite this popularity, many PPPs fail, even in the start-up phase, due to the mismanagement of stakeholders. With the choice for PPP as a budget-increasing vehicle, managers of both the public and private parties face a more complex environment with many more and new key stakeholders. In this paper, capitalizing on stakeholder theory, we analyze the main pitfalls concerning PPP stakeholder management through a case study of a recent failed infrastructure PPP in Europe. More in particular, we address the question of accountability and provide a number of recommendations to improve success of PPPs in this context. Building on stakeholder theory, and more specifically stakeholder attributes, together with the information from a large European PPP project, i.e. the Oosterweel connection in Antwerp, we propose in this paper a dynamic dual stakeholder analysis and a 5-step approach for PPP stakeholder management.
KW - Stakeholder Management
KW - Public-Private Partnerships
KW - Case Study
M3 - Meeting abstract (Book)
BT - National PPP-day
ER -