Management of investment projects in public sector2018

2005 Management of investment projects in public sector

  • Study programme and level: Master’s Degree Programme Administration- Public sector governance 2nd Cycle
  • 1st year
  • 6 ECTS
  • Course type: Core elective
  • Lectures: 21
  • Seminar: 11
  • Other forms of study: 88
  • Individual work: 60
  • Lecturer: Jože Benčina, PhD

1. Prerequisits

No prerequisits.

2. Content (Syllabus outline) 

  • Public investment, investment programs and projects
  • Principles of effective public investment
  • Efficiency, productivity and performance of public investment
  • Management of public investment assessment framework
  • Public investment design for sustainable value creation
  • Programming and planning of public investment projects
  • Public investment project management in the context of results based management
  • Planning and evaluation of public investment project design process
  • Principals of project management
  • Tools of project management
  • Assessing uncertainty and risk in public sector investment projects
  • Management of public investment projects in different contractual modes stressing PPP

3. Readings

  • Miranda Sarmento, J., Renneboog, L., 2017. Cost Overruns in Public Sector Investment Projects. Public Works Management & Policy 22, 140–164. doi:10.1177/1087724X16668357
  • Sartori, D., 2015. Guide to cost-benefit analysis of investment projects: economic appraisal tool for cohesion policy 2014 - 2020, Dec. 2014. ed. Publ. Office of the Europ. Union, Luxembourg. P.: 349.
  • IMF, 2015. Making Public Investment More Efficient. International Monetary Fund, Washington D.C. p.:68.
  • OECD, 2014. The Principles on Effective Public Investment across Levels of Government [WWW Document]. p:30. URL (accessed 8.29.16).
  • Blum, J.R., 2014. What predicts how World Bank public sector management projects perform? A review of the World Bank’s public sector management portfolio. Washington, DC: The World Bank. P.: 96. siteresources. worldbank. org/EXTPREMNET/Resources/EP100. pdf.
  • Pandremmenou, H., Sirakoulis, K., Blanas, N., 2013. Success Factors in the Management of Investment Projects: A Case Study in the Region of Thessaly. Procedia - Social and Behavioral Sciences, Selected papers from the 26th IPMA (International Project Management Association), World Congress, Crete, Greece, 2012 74, 438–447. doi:10.1016/j.sbspro.2013.03.032
  • Dabla-Norris, E., Brumby, J., Kyobe, A., Mills, Z., Papageorgiou, C., 2012. Investing in public investment: an index of public investment efficiency. J Econ Growth 17, 235–266. doi:10.1007/s10887-012-9078-5
  • IFAC, 2012. Project and Investment Appraisal for Sustainable Value Creation [WWW Document]. ePaperFlip. p: 31.
  • Bock, K., Trück, S., 2011. Assessing Uncertainty and Risk in Public Sector Investment Projects. Technology and Investment 2, 105–123. doi:10.4236/ti.2011.22011. URL (accessed 8.26.16).
  • 1Kettl, D.F., 2006. The global public management revolution. Brookings Institution Press. p.:385.

4. Objectives and competences


  • understands key project management efficiency factors and particularities of project management in public sector,
  • designs project with special consideration project goals,
  • designs project organisation considering public sector specialities (stakeholder interests) and optimisation of project team roles occupation,
  • analyses the progress of a project with special attention to relation between stakeholders interests and governance and management issues,
  • considering the results of the project progress analysis proposes or/and takes decisions about obstacles and discrepancies elimination,
  • plans and executes reconciliation of viewpoints between stakeholders of an investment project to gain an optimal level of consensus.

Student is qualified:

  • to elaborate project documentation and manage  budgetary projects financed by sources of European Union
  • planning and management considering risks at project management
  • to set-up an optimal project team from the given group of workers
  • to prepare and execute interests reconciliation between investment project stake holders.

5. Intended learning outcomes

Students will:

  • be acquainted with the importance of investment project evaluation and be able to implement project evaluation methods efficiently,
  • understand special issues of project management in public sector and be able to plan and execute stakeholders interests reconciliation
  • be capable of prioritisation of investment projects,
  • be able of project goals risk estimation and their minimisation ,
  • be capable of taking governance or management role in an investment project,
  • judge the project results in term of their meaning for different stakeholders.

6. Learning and teaching methods

  • lecture
  • seminars
  • research
  • project work
  • seminar paper
  • (group) presentation
  • e-learning

7. Assessment

  • written and/or oral exam 50 %
  • seminar or project work and/or oral presentatoin 30 %
  • coursework and active class participation 20 %

8. Lecturer's references

  • BENČINA, Jože, DEVJAK, Srečko (2010). Developing a system of indicators for local community results from the developmental planning point of view. Management (Engl. ed.), vol. 15, no. 54, str. 59-68
  • BENČINA, Jože, DEVJAK, Srečko (2011). Celovito obvladovanje kakovosti pri izvajanju nalog lokalne skupnosti : primer predšolske vzgoje = Total quality management in the implementation of tasks of the local community : the case of pre-school education. Uprava (Ljubl.), jun. 2011, letn. 9, št. 2, str. 37-57.
  • BENČINA, Jože (2011). Fuzzy decision trees as a decision-making framework in the public sector. Yugosl. j. oper. res., 2011, vol. 21, no. 2, str. 205-224.
  • BENČINA, Jože, MRĐA Anja (2013). The Factor Model of Decentralization and Quality of Governance in European Union. International Public Administration Review, Fakulteta za upravo 2013.
  • JUKIĆ, Tina, VINTAR, Mirko, BENČINA, Jože (2013). Ex-ante evaluation : towards an assessment model of its impact on the success of e-government projects. Information polity, , 2013, vol. 18, no. 4, str. 343-361.
  • BENČINA, Jože, DEVJAK, Srečko, UMEK, Lan (2015). Determining the adequacy of operation of DMUs in health care. Management, ISSN 2406-0658, 24. jan. 2015, issue 73, str. 25-34