Abstract

Growing interest in the productivity of the infrastructure sector has increased due to cost and time overruns in major projects. In this regard, many developed countries have failed to implement a framework to ensure that project success is met through newly available technologies and business initiatives to ensure the user is the most important beneficiary. This review paper provides a review of international research relating to the life cycle, firm-level operations, and collaborative business models of infrastructure projects. The review initially identified the importance that understanding key phases and procurement models has on the efficiency of a project’s life cycle. A key indicator of the likelihood of good performance across a supply chain lies with the ability to understand the efficiencies of the firm-level operations. The literature has noted that successful projects are able to perform well across an organizations end-to-end involvement and be able to share risks among mature organizations. This paper provides a review of how a collaborative business model can benefit a project lifecycle and firm-level operations. The global research currently has identified the need for a collaborative approach that reduces the risk within all organizations through common goals, effective end-to-end project systems and consideration of the entire project lifecycle. The paper provides a detailed review of international practices in an infrastructure supply chain that have the potential to address New Zealand’s infrastructure project failures.

Highlights

  • IntroductionConstruction-related spending accounts for 13% of the world’s GDP (gross domestic product) and has grown 1% annually over the past 20 years [1]

  • Construction-related spending accounts for 13% of the world’s GDP and has grown 1% annually over the past 20 years [1]

  • This review identifies ways in which infrastructure project life cycles are viewed internationally, looking at key project phases and procurement models

Read more

Summary

Introduction

Construction-related spending accounts for 13% of the world’s GDP (gross domestic product) and has grown 1% annually over the past 20 years [1]. Current infrastructure projects neglect operational issues during design, and are lack several key elements: creative competition during contractor selection [3], risk sharing throughout project lifecycle [4], labor productivity [5], transparency [6] and collaboration [7]. Such issues have a direct impact on productivity, that is not the only measure of a project’s success; the ability to improve the productivity of individuals increases the overall livability factor of a country. Between 2010 and 2017, a decrease in the annual growth rate was even observed [8]

Objectives
Findings
Discussion
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.