Chapter
Nov 18, 2014
Project Selection Regarding Life-Cycle Oriented and Equity-Intensive Projects: A Critical Assessment of the PPP Project Selection Process in the Construction Industry
Publication: ICSI 2014: Creating Infrastructure for a Sustainable World
Abstract
At first glance, project selection decision making in construction companies dealing with life-cycle oriented and equity-intensive projects is dominated by intuition rather than structured quantitative processes. In contrast, companies from other business fields (e.g., institutional investors) that are also dealing with these projects are successfully using quantitative instruments to support their project selection processes. The objectives of this paper are to analyze if the assumption that intuition guides project selection processes in construction companies can be justified, and to investigate how this process can be enhanced. To meet these objectives, three main aspects are discussed. First, the state of practice in the construction industry is outlined by showing a practical example of a project selection process that is currently being applied by an international construction company. Second, the practically applied project selection process is assessed critically, and improvement potentials are outlined. Finally, the concept of a quantitative project selection model for life-cycle oriented projects in the construction industry is presented. This paper represents one of the first steps of a research project that aims to develop a quantitative project selection model, which will enable construction companies to select projects suitable to their specific profile.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Copyright
© 2014 American Society of Civil Engineers.
History
Published online: Nov 18, 2014
Permissions
Request permissions for this article.
Authors
Affiliations
Scientific Assistant and Doctoral Student, Institute of Construction and Infrastructure Management, ETH Zurich, Stefano-Franscini-Platz 5, IBI, HIL F 22.2, 8093 Zurich. E-mail: [email protected]
Chair of Construction Process and Enterprise Management, Institute of Construction and Infrastructure Management, ETH Zurich, Stefano-Franscini-Platz 5, IBI, HIL F 23.3, 8093 Zurich. E-mail: [email protected]
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.