require progressive bottom lines while private partners need to realize that

Require progressive bottom lines while private

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require progressive bottom lines, while private partners need to realize that government moves slow, is not profit-driven, and has various issues to handle. In any PPP, the government sets the platform for any project and expedites any prerequisites needed before the commencement of the venture. By having a comprehensive understanding of each partner, it is easy to broker deals that serve the interests of all parties. In addition to the mentioned considerations, consistent, secure, and coordinated leadership is also essential to a private-public venture. Any PPP requires a leader capable of bringing all parties together, defining valid objectives, generating consensus, coordinating different processes, and bridging political leadership with private project management. In view
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PARTNERSHIPS 5 of Chou & Pramudawardhani (2015), good leadership underpins any successful PPP. In particular, good leadership elicits positive change and inspires all stakeholders to support and implement it. In a democratic society, a good leader is one who facilitates, coaches, and enables others to move in a given direction. What is more, such an individual takes the first step and does not wait for some one else to do it, and then follows through, diligently to see the project’s completion. However, good leadership does not exist in a vacuum; it is reinforced with integrity, awareness, courage, compassion, patience, and intellect (Delmon, 2017). With good leadership, the PPP can transcend political change since it maximizes opportunities for reaching an agreement with one set of public officials and transfer of responsibility to new leaders with similar ideals once the term of the current leadership expires. Possible Obstacles and Solutions Although a large number of PPPs are established with a focus on success, most of them fail to attain desired outcomes due to countless obstacles. In the context of the proposed PPP, lack of proper management is an impediment that requires considering. In a study carried out by Hodge, Greve, & Boardman (2010), the authors contend that PPP collapse due to poor management, which leads to cost overruns and delivery delays. A PPP requires a lot of time since it is characterized by high complexities. Management challenges lie in poor information sharing and coordination of activities. Therefore, suitable project management relies on creating a well- functioning corporate governance system that clearly outlines the roles and responsibilities of all stakeholders (Meidutē & Paliulis, 2011). If the structure and composition of the management board are defective, it is impossible to make crucial decisions. In light of this, access to important information and close communication are possible strategies to remediate management issues.
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PARTNERSHIPS 6 Conflicts of interest is a major obstacle that jeopardizes the success of PPPs.
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  • Spring '20
  • partner, Public–private partnership, Public-private partnerships

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