Use of sensitivity analysis in build-own-operate-transfer project evaluation


Woodward, David G. (1995) Use of sensitivity analysis in build-own-operate-transfer project evaluation. International Journal of Project Management, 13, (4), 239-246. (doi:10.1016/0263-7863(95)00016-J).

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Description/Abstract

Sensitivity analysis has long been recognised as a useful analytical procedure when applied to the financial evaluation of capital projects. Whilst the technique cannot evaluate risk per se, it is nevertheless considered useful in identifying those variables which contribute most to the overall riskiness of an investment, and in respect of which most attempts at control must therefore be directed. The paper presents findings from a survey of the use of sensitivity analysis by the various parties involved in build-own-operate-transfer contracts to illustrate the application of the technique at the practical level to assist in the risk-management process associated with major projects. Both the usefulness and limitations of the technique are thereby identified.

Item Type: Article
ISSNs: 0263-7863 (print)
Related URLs:
Keywords: sensitivity analysis, risk, build-own-operate-transfer projects
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HA Statistics
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36665
Date Deposited: 08 Mar 2007
Last Modified: 27 Mar 2014 18:23
Contact Email Address: d.g.woodward@soton.ac.uk
URI: http://eprints.soton.ac.uk/id/eprint/36665

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