Decision-support methodology for planning and evaluating public-private partnerships

This paper explains the need for an objective, structured methdology for considering public-private partnerships (PPP), and the development of automated decision-support systems for marina and golf-couse PPP development projects. The paper also explains the use of such methodologies and automated systems to plan and evaluate alternative PPP development strategies. It is noted that this approach will result in more rational and successful development of public land. Pro forma finacial statements, life-cycle cost models, and simulation and sensitivity analysis of management control and exogenous parameters can help govenment agencies identify the feasible set of PPP project parameters. A structured methodology, including quantitative simulation models for financial planning, evaluation, and cost justification is presented and demonstrated.