A Framework for Identifying Key Decision Makers for Institutional Owner Capital Projects

Identifying key decision makers is important for understanding the capital project delivery process for public sector institutional owners. The US Federal Government spends $40 billion dollars a year maintaining its facility portfolio. As a result of the size of investment and current economic condi...

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Bibliographic Details
Published in:International journal of technology, knowledge and society knowledge and society, 2010-01, Vol.6 (6), p.123-142
Main Authors: Shenoy, Sushil, Pearce, Annie, Garvin, Michael, Fiori, Chris
Format: Article
Language:English
Subjects:
Capital
Decision makers
Decision making
Economic Conditions
Federal Government
Government
Investment
Investments
Life cycle costs
Owners
Ownership
Portfolios
Public Sector
United States of America
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Summary:Identifying key decision makers is important for understanding the capital project delivery process for public sector institutional owners. The US Federal Government spends $40 billion dollars a year maintaining its facility portfolio. As a result of the size of investment and current economic conditions, the government and other institutional owners are facing increased pressure to optimize their investment in their portfolios. Sustainable design offers a way for owners to optimize their investments by minimizing the total life-cycle ownership cost of a facility. Many tools are available to aid institutional owners in this task; however, most do not take into account non-rational behavior since they apply a strict rational logic. In order to develop tools that take non-rational behavior into account, a framework needs to be developed for identifying which actors are worth studying or modeling. This research seeks to fill this gap by developing and applying a framework for public sector institutional owners to find their key decision makers.
ISSN:1832-3669
DOI:10.18848/1832-3669/CGP/v06i06/56159