Construction concession projects and their stakeholders
Mladen Bandić, Mirko Orešković, Jadranko Izetbegović
Abstract
Mladen Bandić, Mirko Orešković, Jadranko Izetbegović
Abstract
Project life cycle phases of traditional projects relationship Investor – Contractor, are different form the concession project phases, known as Public Private Partnership (PPP). Consequently, there is different dynamics between the project and its environment especially its stakeholders. It is very important that project leader (sponsor, manager) implement, from the early project concept, during the Project Idea design Phase continuous communication with project stakeholders, in order to recognize their particular interests and proposals to use them to increase project opportunities and reduce project risks. In the paper are analyzed some big motorway projects in Croatia, and strong influences of the, probably not on right time, identified stakeholders to these projects. Authors are giving framework of project processes to be implemented in the todays and future big infrastructure projects to significantly reduce project risks and increase project opportunities.
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Project life cycle phases of traditional projects relationship Investor – Contractor, are different form the concession project phases, known as Public Private Partnership (PPP). Consequently, there is different dynamics between the project and its environment especially its stakeholders. It is very important that project leader (sponsor, manager) implement, from the early project concept, during the Project Idea design Phase continuous communication with project stakeholders, in order to recognize their particular interests and proposals to use them to increase project opportunities and reduce project risks. In the paper are analyzed some big motorway projects in Croatia, and strong influences of the, probably not on right time, identified stakeholders to these projects. Authors are giving framework of project processes to be implemented in the todays and future big infrastructure projects to significantly reduce project risks and increase project opportunities.
Key concepts: Project sponsorship, Project stakeholder, Project charter, Project management, Business, Project management triangle, General partnership, Project finance