Concept Symposium 2006 - Principles of Governance for Major Investment Projects

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Norway: A Regime for External Quality Assurance of Major Public Projects
Accountable Megaproject Decision-making
United Kingdom: Experiences of Implementing the OGC Gateway Process for Governance of Large Projects
Excellence and Improvisation in Life and Projects – by Way of Jazz
Predictable and Competitive Investment Processes. Experience from the Private Sector and Norwegian Petroleum Industry
Welcome speech by the Pro-Rector of the Norwegian University of Science and Technology (NTNU)
Canada: Governance of Major Projects – the Case of Quebec
Finland: Governing Major Investment Projects by Result Oriented Budgeting, Reforming Administration and Utilizing Markets Efficiently
Organizational Governance and Project Success: Lessons from Boston’s Big Dig
Improving Quality at Entry – Principles and Procedures
The Governance of Major Projects: Lessons from the Channel Fixed Link
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Posters presented at the Poster Session day 2
The Coastal Express and dinner at the Archbishop's Palace
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Finland: Governing Major Investment Projects by Result Oriented Budgeting, Reforming Administration and Utilizing Markets Efficiently



 

 Pelkonen, Pekka
Budget Counsellor
Ministry of Finance
Finland
 

Presentation:
Finland: Governing Major Investment Projects by Result Oriented Budgeting, Reforming Administration and Utilizing Markets Efficiently
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Summary of presentation


Experiences from major / public investments and their organizing in Finland: Basic approach in projects and their financing / budgeting. Shifting from administrative investment programs to competition-, client- and service orientation. Striving after efficiency by using market/competition methods and allowing more market pressure on public agencies. Developing market conditions: more firms, more supply, and transparent competition. Risk of “under investments”. Creating a new form of public organisation, agency-enterprise with clearly defined / limited / undiscriminating mandate. Focusing on the efficient use of capital.
 

Autobiography


Pekka Pelkonen is MSc / Civil Engineering from Helsinki University of Technology. He works for the Budget Department of the Ministry of Finance of Finland since 1982. Prior to that he has been active in a private consultant firm in the field of infrastructure planning and in the City Planning Agency of Helsinki, from where he was employed to the Ministry of Education to responsibilities related to the university building projects.

Major investment projects, their costs, financing and contracting, have been an essential part of his professional experience in the course of 30 years. Since 1995 the scope includes also the organizing of the state real property ownership and management.