What Successful Public-Private Partnerships Do

Posted: 01/08/19

In this article in Harvard Business Review, Elyse Maltin, an associate consultant at JMW Consultants Inc., explains how large public-private infrastructure projects that involve multiple organizations need to be managed. If the companies cannot work together effectively, costs can go way over budget and projects are seldom completed on time.

The three things that successful P3 projects have in common are: 1) commitment to a strong partnership, 2) built-in mechanisms to share concerns, and  3) using periodic project breakdowns as opportunities to strengthen partnership and rebound.