CRITICAL SUCCESS FACTORS (CSFs) FOR PUBLIC PRIVATE PARTNERSHIPS (PPP) IN MALAYSIAN

Abstract

Public Private Partnership (PPP) is an increasingly popular choice for policymakers in implementing important public projects. To ensure the ultimate objectives of PPP/PFI, identifying the critical success factors (CSFs) of PPP implementation is crucial. For countries that are new at adopting PPP it is even more important for them to identify the success factors in order to maximize the advantages of this method and to reduce the risks for all concerned parties. PPP was officially announced in Malaysia under the Ninth Malaysia Plan in 2006. Since then, many government projects were delivered via PPP. In this study, the factors that are considered critical to the success of PPP project implementation in Malaysia have become a subject for investigation. Factor analysis and survey expert were used in this case. The findings showed that the 17 CSFs could be grouped into six underlying factors. The main contribution of this study is supplement and improves knowledge in the management of PPP projects by exploring the relative importance of CSFs associated with PPP construction projects in the Malaysia. Several recommendations have been suggested in order to improve the overall performances of Malaysian PPP procurement.