Framework for 'sports' infrastructure assets management and transformation post-2022 world cup adapting PPP module - critical success factors

Abstract

The research aims to study the importance and the effect of the critical success factors that are important to engage the private party resources to assist the public party objectives from both parties' perspectives under the Public-Private Partnership arrangement (PPP). The study area is the Social type of Infrastructure - Sports assets related to a specific event as these assets' usage usually becomes a burden for the public party when there is no clear view of how they intend to be used once the event iscompleted. Engaging the private party on the project lifecycle under the PPP module will have benefits from sustainable development perspectives and more efficient assets management on top of the commercial gains for both public and private bodies. Based on a literature review, these factors will be identified, then categorized into groups. A total of 35 factors categorized under eight groups had been selected and formed into an online survey where experts from all over the world had given their inputs in the survey.The survey results were analyzed using the structural equation model method and relative importance index to identify the weightage and the importance of each of the 35 factors and groups. The results indicated that the finance-related factors are the most critical factor for both public and private bodies, followed by Risk Factors, Operation, Legal, Stakeholders, Construction, Design and Sports related Factors came last. The research recommends that the public party consider the groups' importance when drafting a framework and tender documents for sports assets linked with event-specific use. Also, to assume the same while evaluating the same. The private party also needs to consider the hierarch obtained. It also represents the public party view and focuses on understanding the importance and the best way to tackle these groups.