ISSN: 2222-6990
Open access
Private Finance Initiative (PFI) is a collaboration between private and public sector in procuring public infrastructure projects begin with designing until the operational phase. The notion has existed in Malaysia since 1980s and trend would have been maintained to the present day. The schemes have unveiling by Malaysian government with aimed to enhancing the efficiency and quality of public infrastructure projects. However, there are some criticism arises during the operational related to the quality of the service delivery had been provided by the facilities management Contractors (FMC). Hence, the aim of this paper is to cultivate the significant success factors in operation phase in order to upsurge the effectiveness of PFI projects. Nine critical factors of operational phase has been identified through in depth analysis of case study via semi structured interviews. The research output is expected to assists the FMC to identify success factors during the operational phase, which could be reinforcing the quality of the service delivery performance of PFI projects.
Abdul Rashid, K. (2007). Private Finance Initiative (PFI): Concept and method of procurement for construction projects with specific reference to Malaysia. . International Islamic University Malaysia
Alshawi, M. (2009). Concept and background to Public Private Partnership (PPP)/ Private Finance Initiative (PFI), UK experience. Iraq Institute for economic Reforms (IIER), Baghdad, Iraq.
Broadbent. J., Gill, J. and Laughlin, R. (2003). Evaluating the Private Finance Initiative in the National Health Service in the UK. Accounting, Auditing and Accountability Journal, 16 (3), 95 – 114.
Cartlidge, D. (2006). Public private partnerships in construction. London: Taylor & Francis.
Clifton, C., and Duffield, C. (2006). Improved PFI/PPP service outcomes through the integration of Alliance principles, International Journal of Project Management, 24(7), 573—586
Government of Malaysia. (2010) Tenth Malaysian Plan 2011-2015. Putrajaya: Economic Planning Unit Prime Minister’s Department
Government of Malaysia. (2006). Ninth Malaysia Plan 2006-2010. Putrajaya: Economic Planning Unit Prime Minister‘s Department
Harris, S. (2007). Public Private Partnerships: Delivering better infrastructure services. Inter-American development Bank, Washington, D. C
Grimsey, D., and Lewis, M. K. (2005), Are Public Private Partnership Value for money? Evaluating alternative approaches and comparing academic and practitioner view. Accounting forum (29) pp 345 – 376
HM Treasury. (2006). Value for money assessment guidance. Crown copyright.
HM-Treasury. (2003). PFI: meeting the investment challenge. London. : © Crown copyright
Ismail, K. (2012). 'Value for Money (VFM) Assessment Framework for Public Private Partnership (PFI) Approach'. Unpublished PhD Thesis. Universiti Teknologi MARA
National Treasury South Africa. (2004). Public Private Partnership manual: Pretoria, South Africa: National Treasury PPP unit.
PPP unit Prime Minister Department. (2009) “Public Private Partnership (PPP) guidelines”, Prime Minister Department, Malaysia, 2009
Sheshu, Z. (2008). The framework for effective adoption and implementation of programme management within the UK construction industry. . Unpublished PhD Thesis, University of Glasgow Caledonian
Sekaran, U. (2003). Research methods for business: A skill building approach. John Wiley & Sons, Inc.
Yong, H. K. (2010). Public Private Partnerships policy and practice: A reference guide. Commonwealth Secretariat, London.
In-Text Citation: (Ismail, Talib, Salleh, & Japri, 2018)
To Cite this Article: Ismail, K., Talib, Y. A., Salleh, N., & Japri, A. (2018). Critical Success Factors in Operation Phase of Private Finance Initiative (PFI) Projects. International Journal of Academic Research in Business and Social Sciences, 8(1), 877–886.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode