The Quantitative Analysis of Value for Money Evaluation: From the Perspective of Process Management

摘要

At present, the imperfect of the development on PPP mode, the lack of mature operational experience on actual projects and the shortage of funds trigger local governments' urgent demands on the application of PPP model. Value for money, known as a scientific judgement basis for decision-makers, is commonly used to determine to choose PPP model or government's traditional model. To this end, this paper aims to improve the accuracy of the value for money evaluation and give a quantitative analysis from the perspective of process management. In particular, the definition of PPP value and PSC value is crucial. Results presented in this paper may provide some management insights on the development of China's PPP model.