Technical Papers
Jun 29, 2022

Review of Critical Success Factors and Key Performance Indicators in Performance Assessment of P3 Transportation Projects

Publication: Journal of Management in Engineering
Volume 38, Issue 5

Abstract

What is a successful public–private partnership (P3)? The existing literature has continued to explore critical success factors (CSFs), key performance indicators (KPIs), and P3 drivers that are linked to P3 performance and outcomes, but some fundamental variations remain in the use of such factors and metrics to assess P3s. Studies have characterized CSFs as the “ingredients” necessary for P3 success and KPIs as the “metrics” to evaluate P3 outcomes or performance. As work in the area has progressed, the literature has evolved to consider CSFs and KPIs more holistically by broadening the factors considered to encompass social, political, economic, and financial categories. These areas in the literature are rather distinct, yet CSFs and KPIs sometimes serve as substitutes for one another, because the definition of and classification between CSFs and KPIs lack clarity. To address this issue, this work characterizes and synthesizes the literature on CSFs and KPIs to identify how to employ these factors and metrics to assess various aspects of P3 performance in transportation projects. CSFs identified were grouped into six categories such as project planning and environment and lifecycle perspectives, while KPIs were combined into four categories such as project delivery and socioeconomic. This work updates prior literature reviews, which is an important contribution because papers addressing CSFs and KPIs in P3s have increased in the last several years. Additionally, the distinction between CSFs and KPIs is clarified, and knowledge gaps such as the relationships between CSFs and future areas of research are presented.

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Data Availability Statement

Some or all data, models, or code that support the findings of this study are available from the corresponding author upon reasonable request.

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Journal of Management in Engineering
Volume 38Issue 5September 2022

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Received: Oct 18, 2021
Accepted: Apr 8, 2022
Published online: Jun 29, 2022
Published in print: Sep 1, 2022
Discussion open until: Nov 29, 2022

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Graduate Research Assistant, Dept. of Civil and Environmental Engineering, Virginia Polytechnic Institute and State Univ., Blacksburg, VA 24061 (corresponding author). ORCID: https://orcid.org/0000-0002-8488-7256. Email: [email protected]
Professor, Dept. of Civil and Environmental Engineering, Virginia Polytechnic Institute and State Univ., Blacksburg, VA 24061. ORCID: https://orcid.org/0000-0002-3209-8749. Email: [email protected]

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