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Lifecycle-oriented framing of value at the front end of infrastructure projects

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Details

Original languageEnglish
Title of host publicationProceedings of EURAM18 European Academy of Management conference 2018
PublisherEuropean Academy of Management, EURAM
Number of pages36
ISBN (Electronic)978-2-9602195-0-0
Publication statusPublished - Jun 2018
Publication typeA4 Article in a conference publication
EventEURAM European Academy of Management Conference -
Duration: 19 Jun 201822 Jun 2018

Publication series

NameEURAM conference
ISSN (Print)2466-7498

Conference

ConferenceEURAM European Academy of Management Conference
Period19/06/1822/06/18

Abstract

Infrastructure projects are expected to deliver value to their stakeholders long after their completion. Project value is multi-dimensional and subjective and evolves over the project lifecycle. The framing of the expected value by stakeholders is central to the public debate about proposed infrastructure projects and influences the financing decisions, however this framing is inadequately understood. The objective is to develop new knowledge on the ways in which stakeholders frame project lifecycle value at the front end of infrastructure projects. We compare two transport infrastructure projects in a qualitative, document-based study, map their dimensions of value at the project front end, and identify their approaches to lifecycle-oriented framing of value. The results reveal the dominance of financial, social and comparative value in the project front end, and identify four core themes in the lifecycle-oriented framing of value, including uncertainties, timing of cost and benefit realization, project relations, and external sponsorship.

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