APPLICATION OF MULTI-CRITERIA DECISION MAKING PROCESS TO DETERMINE CRITICAL SUCCESS FACTORS FOR PROCUREMENT OF CAPITAL PROJECTS UNDER PUBLIC-PRIVATE PARTNERSHIPS
Investigation about project success has attracted the interest of many researches and practitioners. Determining the critical success factors for procurement of capital projects is a contemporary phenomenon. This paper presents the outcome of an investigation into the critical success factors in Public-Private-Partnerships (P-P-P) for procurement of capital projects using the multi-criteria decision making process. Drawing from the results of responses to a survey of 705 experts involved in P-P-P projects worldwide, the paper presents the critical success factors (CSF) from a list of 47 factors, identified as contributing to the successful delivery of capital projects. The study revealed that owner satisfaction with the delivered project, adherence to schedules/budget/quality/ safety/environmental controls, and appropriate funding mechanisms were predictable factors while lack of legal encumbrances, clearly defined project mission and adequate planning and control techniques were less commonly expected factors.