Study On The Public Project BOE Mode With Multiple Stakeholders

The importance of the public project has been strengthened while the public project has been under poor management, which makes the related research has been more and more concerned. The management mode has huge difference between modern dynamic public projects with traditional inactive projects. In this way, the relationship among each stakeholders of public project has changed a lot. More and more stakeholders of public project need to establish real good cooperative relations between the owner and each stakeholder. It is necessary to look for a typical representative of the most of stakeholders whose value is positive correlated with stakeholders'value for managing the whole process integrated to improve the efficiency of project execution. And there is certain indeterminacy in building process. With the start of project investment, the government or its client has accessed to all kinds of information gradually, requiring the right of selecting project developing strategy according to the information obtained in the implement course. How to select the development strategy direction also is an urgent problem to be solved and studied.In this research background and research motivation, the public project BOE (Building-Operating-Evolving) mode with multiple stakeholders is established. In the case of not requiring what the next stage will be, in order to maximize the value of public projects, BOE mode can determine the development of the next phase in accordance with specific conditions and actual situation. This model has considered each stakeholders'value composition integrated and has represented the integrated planning and design of public project to maximize its value. The innovation of BOE mode is:1. E(Evolving) phase is brought forward;2. The public project value model is established from the angle of multiple stakeholders;3. With flexible value;4. The real options method is used to analyze the E (Evolving) angle and select the development strategy of public project;5. The integrated management method is used in the public project BOE mode; the research overall framework of the BOE mode integrated management is put forward; the basic elements structure and specific operation mode is discussed. Through the theoretical analysis, the qualitative analysis with quantitative analysis method, induction and deduction method, real options evaluation method, integrated managing method, such problems are studied like: how to use integrated management theory to plan and design public project BOE (Building- Operating- Evolving) process; how to use scientific real options method to select the development strategy of public project; how to establish the public project value model with multiple stakeholders; how to use the public project governance theory to solve the system and mechanism problem existing in the institutional level of public project, and ultimately maximize the value of public project.