Project management and the private finance initiative

5 Conclusions and Recommendations
5.1 Introduction 29
5.2 Project management opportunities in PFI 29
5.3 Managing the PFI process 29
5.4 Barriers, critical success factors and key skills in PFI 31
5.5 Project management knowledge and expertise 32
5.6 The way forward 33
6 References 34
7 Appendices
Appendix A: Glossary of terms 36
Appendix B: Useful websites 38
Appendix C: Gateway Review Process (sourced from www.ogc.gov.uk) 39
Appendix D Successful Delivery Skills Matrix 40
Appendix E: Interview schedule 41
Appendix F: Questionnaire 44
Tables and Figures
Table 3.1 Matrix of interviewees 10
Table 3.2 Job Descriptions 10
Table 4.1 Involvement in PFI 22
Table 4.2 Reasons for not being involved in PFI projects 27
Figure 2.1 PFI project structure 3
Figure 2.2 PFI contracts awarded by government department (1992-2002) 5
Figure 3.1 Management Structure within Awarding Bodies 11
Figure 4.1 Type of organisation 20
Figure 4.2 Size of office and organisation 20
Figure 4.3 Level of responsibility 21
Figure 4.4 Role of project managers 21
Figure 4.5 PFI activity by job role 22
Figure 4.6 Location of privately financed infrastructure projects 23
Figure 4.7 Number of PFI project worked on by respondents 23
Figure 4.8 Type of PFI project 23
Figure 4.9 Location of PFI-active respondents 23
Figure 4.10 Approximate value of PFI projects including the construction element 24
Figure 4.11 Employers of PFI project participants 24
Figure 4.12 PFI stages work on by PFI active members 24
Figure 4.13 Critical success factors for PFI 25
Figure 4.14 Most important skills for successful PFI project management 25
Figure 4.15 Most important PFI skills, by employer type 26
Figure 4.16 Reasons for not being involved in PFI projects 27
Figure 5.1 Barriers, critical success factors and key skills for PFI 31
Figure 5.2 Project management / PFI skills balance sheet 32