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Developing the Deliberative Key Performance Indicators (Kpis) in Assessing the Performance of Public Infrastructure Provision Via Private Finance Initiative (Pfi) in Malaysia Essay

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Developing the Deliberative Key Performance Indicators (KPIs) In Assessing the Performance of
Public Infrastructure Provision via Private Finance Initiative (PFI) In Malaysia

Syuhaida Ismai1l
Aminah Md Yusof, PhD2
Faculty of Civil Engineering,
University of Technology Malaysia,
81310 Skudai, Johor.

1syuhaida_ismail@yahoo.com
2aminah_mdyusof@yahoo.com

Keywords: Private Finance Initiative (PFI), Deliberative Key Performance Indicators (KPIs), Performance, Public Infrastructure Provision.

ABSTRACT

An escalating demand for good quality services and an increasing pressure to achieve value for money (VFM) in public infrastructure projects are apparent in many countries.   Whilst belt-tightening fund has been major constraint in public infrastructures provision, efforts have been made to reduce financial burden on the government’s part as a public procurer. Shifting from traditional tendering, contracting out to privatisation borne some merits and demerits to the ways of delivering public infrastructure projects. Nonetheless, as it becomes more impossible for government to cope with the public infrastructure provision whilst to maintain the control over the project at same time, a new procurement approach known as Private Finance Initiative (PFI) has been adopted. For the reasons of efficiency, accountability for performance, productivity and monetary policy, PFI, as a form of concession seems to be quite a reasonable solution to the dilemma. Nevertheless, in streamlining the PFI of Eighth Malaysia Plan (8MP) towards the viable Ninth Malaysia Plan (9MP), despite strengthening approval procedures, restructuring the implementation process, enhancing viability through risk distribution, reinforcing the institutional and regulatory framework as well as increasing Bumiputera participation, the government has an ambitious endeavour to clearly stipulate the standard regular evaluation and audition of the privatised entities’ performance through a benchmarking measurement...

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MLA Citation

"Developing the Deliberative Key Performance Indicators (Kpis) in Assessing the Performance of Public Infrastructure Provision Via Private Finance Initiative (Pfi) in Malaysia". Anti Essays. 18 Nov. 2017

<http://www.antiessays.com/free-essays/Developing-The-Deliberative-Key-Performance-Indicators-613131.html>

APA Citation

Developing the Deliberative Key Performance Indicators (Kpis) in Assessing the Performance of Public Infrastructure Provision Via Private Finance Initiative (Pfi) in Malaysia. Anti Essays. Retrieved November 18, 2017, from the World Wide Web: http://www.antiessays.com/free-essays/Developing-The-Deliberative-Key-Performance-Indicators-613131.html