Key Success Indicators for PPP Projects: Evidence from Hong Kong

Table 8

Exploratory factor analysis of Public-Private Partnership project success measures.

Question items	Com.	FAC 1	FAC 2	FAC 3	FAC 4	FAC 5
Did the project outcome meet the schedule goal?	0.619	0.744
Did the project outcome meet the cost goal?	0.755	0.850
Did the project outcome meet the technical specifications?	0.717	0.783
Did the project outcome meet the functional requirements?	0.681	0.722
Did the project outcome meet the end user’s requirements of user charge?	0.598	0.601
Was the project outcome delivered to the end user on time?	0.614	0.725
Was the project outcome utilized for a long lifespan?	0.675		0.802
Has the project outcome substantially improved the end user’s quality of life?	0.640		0.611
Is the end user satisfied with the project outcome?	0.633		0.739
Did the profits gained exceed the plans?	0.622			0.755
Did the profits gained exceed similar projects?	0.490			0.695
Has a new market been explored by the private partner?	0.551			0.699
Has a new technology been developed by the private partner?	0.578			0.551
Have new knowledge and expertise been developed by the private partner?	0.426			0.622
Has the private partner generated a positive reputation?	0.452			0.652
Could the private partner respond to a competitive threat through project implementation?	0.503			0.691
Was the project life-cycle cost controlled as expected?	0.503			0.645
Did the financial input of the government decrease as expected?	0.540				0.732
Was the government reputation improved through project implementation?	0.567				0.720
Was the service provided better than that of a traditional project?	0.667				0.774
Was the process to provide service shortened?	0.418				0.614
Was the local economic development benefited by the project implementation?	0.649					0.763
Were innovative approaches developed in the project implementation?	0.753					0.821
Was a new outcome created by the project implementation?	0.656					0.751
Was the industry prepared to make changes for future challenges based on the project implementation?	0.634					0.750
Eigenvalue		2.842	1.357	6.496	1.976	2.271
Variance explained		11.369	5.426	25.985	7.904	9.086
Cumulative variance explained		11.369	16.795	42.78	50.684	59.771
Scale’s Cronbach’s alpha		0.875	0.725	0.839	0.701	0.812

Note. Com.: communalities; FAC 1: meeting planning goals; FAC 2: benefits to end user; FAC 3: benefits to private partner; FAC 4: benefits to public partner; FAC 5: preparing for the future.