A conceptual framework of performance assessment for private finance initiative projects in Malaysia

Private Finance Initiative (PFI) is one of the procurement methods that has been applied widely in the global construction market including Malaysia. PFI is an alternative procurement which is viewed as restructuring the previous privatisation concept in delivering value for money (VFM) for Malays...

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Main Authors:	Nor Suzila Lop, Kharizam Ismail, Haryati Mohd Isa
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:	http://journalarticle.ukm.my/13431/ http://journalarticle.ukm.my/13431/ http://journalarticle.ukm.my/13431/1/216-997-1-PB.pdf

id	ukm-13431
recordtype	eprints
spelling	ukm-134312019-09-27T23:20:19Z http://journalarticle.ukm.my/13431/ A conceptual framework of performance assessment for private finance initiative projects in Malaysia Nor Suzila Lop, Kharizam Ismail, Haryati Mohd Isa, Private Finance Initiative (PFI) is one of the procurement methods that has been applied widely in the global construction market including Malaysia. PFI is an alternative procurement which is viewed as restructuring the previous privatisation concept in delivering value for money (VFM) for Malaysian public infrastructure. Among the restructuring efforts in the privatisation is specifying the standard assessment of private concessionaires’ performance through the execution of key performance indicators (KPIs). The assessment is practically benchmarked against the government’s standard. However, in Malaysia, lack of an effective KPIs is identified as one of the core criticisms for measuring the PFI projects performance. Therefore, two objectives are established which are; to investigate the implementation of various PFI performance measurement models across the globe to measure the performance and how these models can be adopted within the PFI in Malaysians. Finally, a conceptual framework is proposed for measuring performance of PFI projects in Malaysia. The outcomes of this paper can serve as a theoretical base for the development of an effective performance measurement tool for monitoring and measuring PFI projects performance in Malaysia. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/13431/1/216-997-1-PB.pdf Nor Suzila Lop, and Kharizam Ismail, and Haryati Mohd Isa, (2018) A conceptual framework of performance assessment for private finance initiative projects in Malaysia. Journal of Building Performance, 9 (1). pp. 1-12. ISSN 2180-2106 http://spaj.ukm.my/jsb/index.php/jbp/issue/view/37
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Private Finance Initiative (PFI) is one of the procurement methods that has been applied widely in the global construction market including Malaysia. PFI is an alternative procurement which is viewed as restructuring the previous privatisation concept in delivering value for money (VFM) for Malaysian public infrastructure. Among the restructuring efforts in the privatisation is specifying the standard assessment of private concessionaires’ performance through the execution of key performance indicators (KPIs). The assessment is practically benchmarked against the government’s standard. However, in Malaysia, lack of an effective KPIs is identified as one of the core criticisms for measuring the PFI projects performance. Therefore, two objectives are established which are; to investigate the implementation of various PFI performance measurement models across the globe to measure the performance and how these models can be adopted within the PFI in Malaysians. Finally, a conceptual framework is proposed for measuring performance of PFI projects in Malaysia. The outcomes of this paper can serve as a theoretical base for the development of an effective performance measurement tool for monitoring and measuring PFI projects performance in Malaysia.
format	Article
author	Nor Suzila Lop, Kharizam Ismail, Haryati Mohd Isa,
spellingShingle	Nor Suzila Lop, Kharizam Ismail, Haryati Mohd Isa, A conceptual framework of performance assessment for private finance initiative projects in Malaysia
author_facet	Nor Suzila Lop, Kharizam Ismail, Haryati Mohd Isa,
author_sort	Nor Suzila Lop,
title	A conceptual framework of performance assessment for private finance initiative projects in Malaysia
title_short	A conceptual framework of performance assessment for private finance initiative projects in Malaysia
title_full	A conceptual framework of performance assessment for private finance initiative projects in Malaysia
title_fullStr	A conceptual framework of performance assessment for private finance initiative projects in Malaysia
title_full_unstemmed	A conceptual framework of performance assessment for private finance initiative projects in Malaysia
title_sort	conceptual framework of performance assessment for private finance initiative projects in malaysia
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2018
url	http://journalarticle.ukm.my/13431/ http://journalarticle.ukm.my/13431/ http://journalarticle.ukm.my/13431/1/216-997-1-PB.pdf
first_indexed	2023-09-18T20:04:50Z
last_indexed	2023-09-18T20:04:50Z
_version_	1777407089442816000

A conceptual framework of performance assessment for private finance initiative projects in Malaysia

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