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Previous studies investigate factors affecting project outcomes. Yet, it has not been fully explored regarding which factors differentiate healthy projects from distressed projects in the early stage of the project delivery process. The purpose of this study is to investigate the links between project-planning factors and project outcomes in the closing phase.

The authors use a longitudinal survey method to examine the predictability of project-planning factors. Subsequently, the authos employ confirmatory factor analysis and hierarchical logit regression to develop project-distress classification models.

Analysis of 90 capital projects shows that performance variation in the project planning phase explains a substantial portion of project distress at completion. Subsequent univariate logit analysis shows that S5 (quality of scope control system) and Tn1 (new practices and technologies) variables have the strongest predictive abilities. Hierarchical logit analysis further shows that a combination of 15 metrics in the project-distress measurement model produces strong and stable predictive power.

This study assesses how well performance variation in the project-planning phase predicts project distress before construction phase. It does not assume the reported results apply to all types of projects. Nonetheless, future studies could generalize our findings by incorporating more types of projects.

This study takes a systematic approach, combining longitudinal survey, measurement theory and hierarchical logit analysis to identify distressed projects early, offering managers an opportunity to take early corrective actions. Practitioners may use this approach to investigate other types of projects and further refine the project-distress classification model into a project-specific model, thereby reflecting projects' unique characteristics.

This chapter uses data from the World Bank’s Private Participation in Infrastructure project database, and hand-collected evidence on project performance, to examine how PPPs are applied to infrastructure development in Africa, and how well they have delivered expected benefits. It has two analytical parts: an investment trend analysis and a meta-analysis of project performance and explanatory factors. The analysis shows growth both in number and volume of PPP investments that is weaker than that observed in other developing regions, and more volatile. The performance of PPP contracts appears to be improving over time with an overall cancelation rate of 7% over the assessment period. Although PPPs have contributed to increasing infrastructure stock, they have not completely met their potential, especially with respect to increasing infrastructure access rates. The main determinants of performance include accuracy of costing and allocation of risks, consistency of macro policies with the objectives and functioning of PPPs, coherence of sector policies and plans and local capacity. Contract cancellations are mainly explained by the misalignment of outcomes with government objectives, in particular, access and investment objectives. These findings suggest that PPP application should be well planned to ensure coherence of a wide range of policies, readiness of institutions and capacity of public sector actors. This chapter contributes to closing information gaps on a relatively novel policy instrument, and provides useful evidence to support prudent policy making at the time of considerable growth in PPP application.

In 1993, US Congress launched the Urban Revitalization Demonstration program, later to become known as HOPE VI, a national plan whose declared aim was to transform public housing stock into "bridges of opportunities".

In the following decade, Hope VI has awarded grants to demolish public housing projects and replace them with "attractive developments that not only blend with but enhance the surrounding community while providing housing for families of all incomes" (HUD, 1999). In 1995, Congress repealed the one-for-one replacement requirement and de facto Hope VI was turned primarily into a demolition program.

In 2003, the American Dream Downpayment Act re-authorised the Hope VI program throughout the fiscal year 2006. It now seems that the federal government has no intention to continue its financing.

Despite the extensive debate on the program, a comprehensive analysis of the social, economic and political process underlying the transformation of all the specific sites and a systematic overview of the stories behind these projects, from the first decision to build to the decision to raze are not available.

An atlas with a description of the sites, based on qualitative secondary sources (planning and architecture magazines, urban history and geographic history journals, local authorities reports), and three maps for each of them - before and after the public housing project and after Hope VI, could prove to be very useful. Such a tool would indeed provide the context for an interdisciplinary reflection of how the city affects and is affected by a multitude of variables with particular emphasis on the political controversies on location, and the role of different players - city council, public housing authorities, developers, community residents, unions, the media. At the end, city is "history condensed".

Being impossible for a single researcher to complete such a body of work, this paper intends to make a contribution to the existing literature and focus on the projects built between 1933 and 1949, now demolished or in the way to be demolished in 58 cities, "thanks" to Hope VI (1).

The purpose of this paper is to present an overview of the concept of early warning signs in projects and explain how a performance measurement system can be utilized as a source of data for an early warning approach signaling that a project is about to experience problems at some stage in the future.

Combination of action research and semi‐structured interviews and document analysis supplemented by a post‐mortem analysis after project close‐out.

Detection of early warning signals in projects can be better enabled through the application of a performance measurement system with properly defined key performance indicators. Utilization of this tool can positively affect the overall success of the project.

The case study involved only one project from the oil and gas industry.

The empirical case study was developed to illustrate the usefulness of exploiting a performance measurement system in a project. A procedure was demonstrated for developing and implementing an early warning system based on performance measurement, and specific performance indicators have been described for other projects to copy.

This paper highlights the gap in the literature concerning the link between early warning and project management and the link between early warning and performance measurement. It offers a new idea on how performance measurement can be used as an effective early warning system and is intended to be primarily of use to project management practitioners and practically‐oriented academics who are interested in developing fresh insights into new approaches for better management of projects.

In developing countries, delays in highway infrastructure projects caused by financial distress-related factors threaten the construction industry’s capacity to contribute optimally to economic development. Against this backdrop, this paper aims to determine factors contributing to financial distress and develops a conceptual framework to illustrate the relationship between financial distress and project delay.

A questionnaire survey collected data on factors that contributed to financial distress and delays in highway infrastructure delivery. In total, 78 responses were obtained, and factor analysis revealed that factors associated with payment, project financing, cash flow, economic issues, project planning and cost control influenced project delays.

The research identifies the importance of efficient public and private policies to engender financial sustainability among construction firms in developing countries.

This work presents the first research of its kind and strives to engender wider academic debate and renewed economic development in some of the world’s most impoverished nations.

In this article, Sarah Wright introduces the Strategies for Living project; Karen Ledger then describes her experiences of working as a researcher within the programme.Strategies for Living was established as a project within the Mental Health Foundation in 1997, after the publication of a survey, Knowing our Own Minds (Faulkner, 1997). This survey was groundbreaking as, at the time, no other piece of research had directly asked people who used mental health services what they found useful as support for living and coping with mental distress.The report from the survey stated ‘we are all the primary experts on our own mental health, and about what works for us’. This belief underpins the work of Strategies for Living.

The purpose of the study is to systematically review the literature of indirect cost of financial distress to understand its scope, measurements, impact size and determinants to synthesis with future research agenda.

Five-step process of systematic literature review (SLR) as applied by Opoku et al. (2015) is used. SLR extracted 47 studies of indirect cost after applying specified search criteria. Data regarding measurement, impact size and determinants are presented and summarised in specified tables.

SLR showed that the study of indirect cost in developing countries is a literature gap. It is also found that opportunity loss, operating profit loss, market loss and risk premium are most studied indirect costs using legal definition or ex ante proxy of financial distress. However, future studies are recommended to use both non-linear leverage and ex ante proxy of financial distress. Future studies are also suggested to use the moderation technique while studying the determinants of indirect cost.

Literature selection is based on specific search criteria that can miss some of the other related literature.

The indirect cost of financial distress is more costly and difficult to measure due to its complex concealed effects. A detailed literature of indirect cost is needed to understand the construct that eventually will help to define the future research agenda. To the best of the authors’ knowledge, no SLR of indirect cost is provided yet. Therefore, the outcome of this research will be valuable for both academicians and practitioners.

This article is about North Devon's Adult Learning Forum Pilot Project, which offered a range of interesting and unusual cultural activities to people recovering from mental distress. The Project arose from an innovative partnership between local cultural and leisure agencies and the mental health trust.

The purpose of this paper is to assess the determinants of the early termination of infrastructure projects implemented under public–private partnerships (PPP), concessions or privately managed divested assets.

Cross-section and duration model estimations were applied to a sample of 2,655 infrastructure projects implemented in Latin America and the Caribbean for the period 1993–2017. Estimation techniques consist of a logistic model and cox proportional hazards model (CPHM) applied to alternative specifications, including diverse causal factors.

Evidence is found that early termination of infrastructure projects is determined by intrinsic and extrinsic factors. Among the intrinsic factors, the main characteristics of projects that increase the likelihood of failure are the size or scale of the project, the sector in which the project is developed (transport and water and sanitation) and being investments in divested assets. Extrinsic factors that showed a negative impact on the risk of early termination are good regulatory quality and domestic macroeconomic stability. Likewise, external real and financial shocks also contribute importantly to explain the likelihood of early termination of infrastructure projects.

The results reveal that particular care must be put in design and supervision of large-scale projects, either in transport or water and sanitation. As well, risks associated with external shocks must be explicitly acknowledged in project design, with appropriate remedies and safeguards. The prevalence of relatively high rates of early termination in projects in divested assets in contrast with PPP suggests the importance of introducing simpler way out mechanisms for concessionaires. Finally, the results show the key importance of institutional factors like regulatory quality in determining project failure on economic performance of infrastructure projects.

In contrast to the previous literature, the analysis shows the decisive role played by financial external factors and institutional factors of Latin American and Caribbean countries in early termination of private participation in infrastructure projects. As well, the finding of a higher likelihood of failure in projects that involve investments in divested assets versus concession or PPP suggests the need of investigate further the tradeoffs regarding the balance that must exist among guarantees offered to investors in infrastructure projects and the need to keep contractual decisions in line with market signals.

The most problematic area of any carbon policy debate is the treatment of incumbent CO2 intensive coal‐fired electricity generators. Policy applied to the electricity sector is rarely well guided by macroeconomic theory and modeling alone, especially in the case of carbon where the impacts are concentrated, involve a small number of firms and an essential service. The purpose of this paper is to examine the consequences of poor climate change policy development on the efficiency of capital markets within the Australian electricity sector.

The authors conducted a survey of Australian project finance professionals to determine the risk profiles to be applied to the electricity sector, in the event a poorly‐designed climate change policy is adopted.

The Australian case study finds that if zero compensation results in the financial distress of project financed coal generators, finance costs for all plant rises, including new gas and renewables, leading to unnecessary increases in electricity prices. Accordingly, an unambiguous case for providing structural adjustment assistance to coal generators exists on the grounds of economic efficiency.

Accordingly, the paper shows that an unambiguous case for providing structural adjustment assistance to coal generators exists, on the grounds of economic efficiency.