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Witz, Petr; Oehmen, Josef

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Abstract:

With the financial crisis having casted doubt on many standard business models a search for adaptations began. Infrastructure investments around the world have produced rather mixed results. Previous research identified the main success/failure factors. At the same time, stakeholders’ perception of risks has evolved having unforeseen implications. Our findings indicate that in order to bring risks under control and to secure a wider value creation, a new open system design needs to be applied in the process of planning, funding and managing complex transport infrastructure schemes.

Keywords:

open system design, cost management, multi-/cross-/trans-disciplinary approaches, performance indicators, transport infrastructure