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(PDF) IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT | IRJET Journal - Academia.edu
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The Public private partnership" /> <title>(PDF) IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT | IRJET Journal - Academia.edu</title> <link rel="canonical" href="https://www.academia.edu/44333980/IRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT" /> <script async src="https://www.googletagmanager.com/gtag/js?id=G-5VKX33P2DS"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-5VKX33P2DS', { cookie_domain: 'academia.edu', send_page_view: false, }); gtag('event', 'page_view', { 'controller': "single_work", 'action': "show", 'controller_action': 'single_work#show', 'logged_in': 'false', 'edge': 'unknown', // Send nil if there is no A/B test bucket, in case some records get logged // with missing data - that way we can distinguish between the two cases. // ab_test_bucket should be of the form <ab_test_name>:<bucket> 'ab_test_bucket': null, }) </script> <script> var $controller_name = 'single_work'; var $action_name = "show"; var $rails_env = 'production'; var $app_rev = '9387f500ddcbb8d05c67bef28a2fe0334f1aafb8'; var $domain = 'academia.edu'; var $app_host = "academia.edu"; var $asset_host = "academia-assets.com"; var $start_time = new Date().getTime(); var $recaptcha_key = "6LdxlRMTAAAAADnu_zyLhLg0YF9uACwz78shpjJB"; var $recaptcha_invisible_key = "6Lf3KHUUAAAAACggoMpmGJdQDtiyrjVlvGJ6BbAj"; var $disableClientRecordHit = false; </script> <script> window.require = { config: function() { return function() {} } } </script> <script> window.Aedu = window.Aedu || {}; window.Aedu.hit_data = null; window.Aedu.serverRenderTime = new Date(1733049663000); window.Aedu.timeDifference = new Date().getTime() - 1733049663000; </script> <script type="application/ld+json">{"@context":"https://schema.org","@type":"ScholarlyArticle","abstract":"A contract agreement is mandatory for all construction projects it is also important in public and private sectors for establish effective risk allocation strategies in Public-Private Partnership (PPP) projects. The Public private partnership infrastructure projects that leads to the value for money and balance of interests between public and end users. The Public private partnership project arrangements have been used in huge sectors such as transport, technology, water, prisons, health, welfare, and urban regeneration. On an average around 26 percent of construction projects are failed or delayed due to risks in construction contracts. There is no proper framework for managing risks in contracts. This paper found that properly assessing risk. The following risk are (planning and designing risk, construction risk, financial risk, environmental risk and political risk) for a successful Public private partnership project, risks should be managed carefully, this study focused on the managing risk in PPP relations between public and private entities to achieve success in PPP projects. The major objective of this research is analysis the risk using SPSS analysis software and provide effective risk mitigation measures for major risk occurred in PPP project.","author":[{"@context":"https://schema.org","@type":"Person","name":"IRJET Journal"}],"contributor":[],"dateCreated":"2020-10-20","dateModified":"2020-10-20","datePublished":"2020-01-01","headline":"IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT","inLanguage":"en","keywords":[],"locationCreated":null,"publication":"IRJET","publisher":{"@context":"https://schema.org","@type":"Organization","name":null},"image":null,"thumbnailUrl":null,"url":"https://www.academia.edu/44333980/IRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT","sourceOrganization":[{"@context":"https://schema.org","@type":"EducationalOrganization","name":"irjet"}]}</script><link rel="stylesheet" media="all" 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"https://www.academia.edu/login?post_login_redirect_url=https%3A%2F%2Fwww.academia.edu%2F44333980%2FIRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT%3Fauto%3Ddownload"; window.loswp.translateUrl = "https://www.academia.edu/login?post_login_redirect_url=https%3A%2F%2Fwww.academia.edu%2F44333980%2FIRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT%3Fshow_translation%3Dtrue"; window.loswp.previewableAttachments = [{"id":64723986,"identifier":"Attachment_64723986","shouldShowBulkDownload":false}]; window.loswp.shouldDetectTimezone = true; window.loswp.shouldShowBulkDownload = true; window.loswp.showSignupCaptcha = false window.loswp.willEdgeCache = false; window.loswp.work = {"work":{"id":44333980,"created_at":"2020-10-20T03:46:32.707-07:00","from_world_paper_id":null,"updated_at":"2021-01-15T17:29:17.339-08:00","_data":{"abstract":"A contract agreement is mandatory for all construction projects it is also important in public and private sectors for establish effective risk allocation strategies in Public-Private Partnership (PPP) projects. The Public private partnership infrastructure projects that leads to the value for money and balance of interests between public and end users. The Public private partnership project arrangements have been used in huge sectors such as transport, technology, water, prisons, health, welfare, and urban regeneration. On an average around 26 percent of construction projects are failed or delayed due to risks in construction contracts. There is no proper framework for managing risks in contracts. This paper found that properly assessing risk. The following risk are (planning and designing risk, construction risk, financial risk, environmental risk and political risk) for a successful Public private partnership project, risks should be managed carefully, this study focused on the managing risk in PPP relations between public and private entities to achieve success in PPP projects. The major objective of this research is analysis the risk using SPSS analysis software and provide effective risk mitigation measures for major risk occurred in PPP project.","publication_date":"2020,,","publication_name":"IRJET"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT","broadcastable":true,"draft":null,"has_indexable_attachment":true,"indexable":true}}["work"]; window.loswp.workCoauthors = [31493941]; window.loswp.locale = "en"; window.loswp.countryCode = "SG"; window.loswp.cwvAbTestBucket = ""; window.loswp.designVariant = "ds_vanilla"; window.loswp.fullPageMobileSutdModalVariant = "control"; window.loswp.useOptimizedScribd4genScript = false; window.loswp.appleClientId = 'edu.academia.applesignon';</script><script defer="" src="https://accounts.google.com/gsi/client"></script><div class="ds-loswp-container"><div class="ds-work-card--grid-container"><div class="ds-work-card--container js-loswp-work-card"><div class="ds-work-card--cover"><div class="ds-work-cover--wrapper"><div class="ds-work-cover--container"><button class="ds-work-cover--clickable js-swp-download-button" data-signup-modal="{"location":"swp-splash-paper-cover","attachmentId":64723986,"attachmentType":"pdf"}"><img alt="First page of “IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT”" class="ds-work-cover--cover-thumbnail" src="https://0.academia-photos.com/attachment_thumbnails/64723986/mini_magick20201020-10894-34tsv6.png?1603191959" /><img alt="PDF Icon" class="ds-work-cover--file-icon" src="//a.academia-assets.com/assets/single_work_splash/adobe.icon-574afd46eb6b03a77a153a647fb47e30546f9215c0ee6a25df597a779717f9ef.svg" /><div class="ds-work-cover--hover-container"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span><p>Download Free PDF</p></div><div class="ds-work-cover--ribbon-container">Download Free PDF</div><div class="ds-work-cover--ribbon-triangle"></div></button></div></div></div><div class="ds-work-card--work-information"><h1 class="ds-work-card--work-title">IRJET- RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT</h1><div class="ds-work-card--work-authors ds-work-card--detail"><a class="ds-work-card--author js-wsj-grid-card-author ds2-5-body-md ds2-5-body-link" data-author-id="31493941" href="https://irjet.academia.edu/IRJET"><img alt="Profile image of IRJET Journal" class="ds-work-card--author-avatar" src="https://0.academia-photos.com/31493941/9304077/11813823/s65_irjet.journal.jpg" />IRJET Journal</a></div><div class="ds-work-card--detail"><p class="ds-work-card--detail ds2-5-body-sm">2020, IRJET</p></div><p class="ds-work-card--work-abstract ds-work-card--detail ds2-5-body-md">A contract agreement is mandatory for all construction projects it is also important in public and private sectors for establish effective risk allocation strategies in Public-Private Partnership (PPP) projects. The Public private partnership infrastructure projects that leads to the value for money and balance of interests between public and end users. The Public private partnership project arrangements have been used in huge sectors such as transport, technology, water, prisons, health, welfare, and urban regeneration. On an average around 26 percent of construction projects are failed or delayed due to risks in construction contracts. There is no proper framework for managing risks in contracts. This paper found that properly assessing risk. The following risk are (planning and designing risk, construction risk, financial risk, environmental risk and political risk) for a successful Public private partnership project, risks should be managed carefully, this study focused on the managing risk in PPP relations between public and private entities to achieve success in PPP projects. The major objective of this research is analysis the risk using SPSS analysis software and provide effective risk mitigation measures for major risk occurred in PPP project.</p><div class="ds-work-card--button-container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--work-card","attachmentId":64723986,"attachmentType":"pdf","workUrl":"https://www.academia.edu/44333980/IRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT"}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{"location":"download-pdf-button--work-card","attachmentId":64723986,"attachmentType":"pdf","workUrl":"https://www.academia.edu/44333980/IRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT"}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div></div><div data-auto_select="false" data-client_id="331998490334-rsn3chp12mbkiqhl6e7lu2q0mlbu0f1b" data-doc_id="64723986" data-landing_url="https://www.academia.edu/44333980/IRJET_RISK_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT" data-login_uri="https://www.academia.edu/registrations/google_one_tap" data-moment_callback="onGoogleOneTapEvent" id="g_id_onload"></div><div class="ds-top-related-works--grid-container"><div class="ds-related-content--container ds-top-related-works--container"><h2 class="ds-related-content--heading">Related papers</h2><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="0" data-entity-id="1361033" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/1361033/RISK_ALLOCATION_IN_PUBLIC_PRIVATE_PARTNERSHIP_PPP_PROJECT_A_REVIEW_ON_RISK_FACTORS">RISK ALLOCATION IN PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECT A REVIEW ON RISK FACTORS</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="647165" href="https://uthm.academia.edu/NurAlkafAbdKarim">Nur Alkaf Abd Karim</a></div><p class="ds-related-work--abstract ds2-5-body-sm">It is important for the public and private sectors to establish effective risk allocation strategies for Public-Private Partnership (PPP) projects. According to Malaysia’s PPP Guideline, one of the key feature or characteristics is to optimal sharing of risk whereby risk is allocated to the party who is the best able to manage. This mean that in PPP itself, it emphasis risk allocation in construction project. This paper presents on reviewing the risk factors of PPP construction project by mapping previous research works on PPP project around the world. The matrix of the mapping gives the frequency of factors that are considered the risk allocation of PPP project. The risk factors are clustered into 10 groups namely: Political, Construction, Legal, Economic, Operation, Market, Project selection, Project finance, Relationship and Natural factor. Result shows that the highest score frequency factors are change in law, delay in project approvals & permits and land acquisition. By knowing the risk factors gives better understanding in allocating them to parties/stakeholders involved.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"RISK ALLOCATION IN PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECT A REVIEW ON RISK FACTORS","attachmentId":8462776,"attachmentType":"pdf","work_url":"https://www.academia.edu/1361033/RISK_ALLOCATION_IN_PUBLIC_PRIVATE_PARTNERSHIP_PPP_PROJECT_A_REVIEW_ON_RISK_FACTORS","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/1361033/RISK_ALLOCATION_IN_PUBLIC_PRIVATE_PARTNERSHIP_PPP_PROJECT_A_REVIEW_ON_RISK_FACTORS"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="1" data-entity-id="93535061" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/93535061/EFFECTIVE_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT">EFFECTIVE MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="31493941" href="https://irjet.academia.edu/IRJET">IRJET Journal</a></div><p class="ds-related-work--metadata ds2-5-body-xs">IRJET, 2022</p><p class="ds-related-work--abstract ds2-5-body-sm">The combination of Government and private sector is known as Public and Private Partnership project. The Contract agreement is necessary for all construction projects now it is important in public and private sectors for establishing effective risk allocation strategies in Public-Private Partnership (PPP) projects. The Public private partnership infrastructure projects that leads to the value for money and balance of interests between public and end users. It is used in various sectors such as Transportation, Industrialization, water, prisons, health, welfare, and urban regeneration. On an average around 26 percent of construction projects are failed or delayed due to risks in construction contracts. There is no proper framework for managing risks in contracts. This paper found that properly assessing risk. The following risk are (planning and designing risk, construction risk, financial risk, environmental risk and political risk) for a successful Public private partnership project, risks should be managed carefully, this study focused on the managing risk in PPP relations between public and private entities to achieve success in PPP projects. The major objective of this research is analysis the risk using SPSS analysis software and provide effective risk mitigation measures for major risk occurred in PPP project</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"EFFECTIVE MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP PROJECT","attachmentId":96246874,"attachmentType":"pdf","work_url":"https://www.academia.edu/93535061/EFFECTIVE_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/93535061/EFFECTIVE_MANAGEMENT_IN_PUBLIC_PRIVATE_PARTNERSHIP_PROJECT"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="2" data-entity-id="87274157" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/87274157/Risk_assessment_framework_of_PPP_megaprojects_focusing_on_risk_interaction_and_project_success">Risk assessment framework of PPP-megaprojects focusing on risk interaction and project success</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="172071365" href="https://tehran.academia.edu/GholamrezaHeravi">Gholamreza Heravi</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Transportation Research Part A: Policy and Practice, 2019</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk assessment framework of PPP-megaprojects focusing on risk interaction and project success","attachmentId":91529615,"attachmentType":"pdf","work_url":"https://www.academia.edu/87274157/Risk_assessment_framework_of_PPP_megaprojects_focusing_on_risk_interaction_and_project_success","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/87274157/Risk_assessment_framework_of_PPP_megaprojects_focusing_on_risk_interaction_and_project_success"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="3" data-entity-id="27435853" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/27435853/RISK_ANALYSIS_OF_INFRASTRUCTURE_PROJECTS_UNDER_PUBLIC_PRIVATE_PARTNERSHIPS">RISK ANALYSIS OF INFRASTRUCTURE PROJECTS UNDER PUBLIC PRIVATE PARTNERSHIPS</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="39122404" href="https://iaeme.academia.edu/publication">IAEME Publication</a></div><p class="ds-related-work--abstract ds2-5-body-sm">India is a developing country and in the recent years there has been a rapid economic growth. This growth has resulted in the need for well established Infrastructure development and investment. Strong Infrastructure facilities form the backbone on nation's economy. However the ability of the current Infrastructure sectors to keep up with the fast expansion has been constrained by the availability of investment. Indian Government has shown keen interest on improving the standards of its Infrastructure sectors by promoting active participation of private involvement in many large scale Infrastructure projects. Public Private Partnership are increasingly becoming the preferred mode for construction and operation of commercially viable Infrastructure projects by effective combination of private and public investment. Interviews were conducted to investigate the risk in such projects. The data collected are analyzed with SPSS software. A fuzzy logic model is developed and validated to quantify the risk occurring in infrastructure projects under public private partnerships. This model will provide the concessionaire and the government authority about the detailed analysis of risk in such infrastructure projects; finally some recommendations and suggestions will be given to the construction industry.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"RISK ANALYSIS OF INFRASTRUCTURE PROJECTS UNDER PUBLIC PRIVATE PARTNERSHIPS","attachmentId":47693642,"attachmentType":"pdf","work_url":"https://www.academia.edu/27435853/RISK_ANALYSIS_OF_INFRASTRUCTURE_PROJECTS_UNDER_PUBLIC_PRIVATE_PARTNERSHIPS","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/27435853/RISK_ANALYSIS_OF_INFRASTRUCTURE_PROJECTS_UNDER_PUBLIC_PRIVATE_PARTNERSHIPS"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="4" data-entity-id="10530950" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/10530950/Risk_Identification_and_Assessment_in_Malaysian_Public_Private_Partnership_Projects">Risk Identification and Assessment in Malaysian Public Private Partnership Projects </a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="2608281" href="https://teknologimalaysia.academia.edu/AlirezaValipour">Alireza Valipour</a><span>, </span><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="304132" href="https://teknologimalaysia.academia.edu/NordinYahaya">Nordin Yahaya</a></div><p class="ds-related-work--abstract ds2-5-body-sm">In the past two decades, public private partnership has been one of the prevailing ways for the development of infrastructures in Malaysia. However, it involves many risks and uncertainties due to a large amount of investment and long concession period. It is very important to recognize and find out the ways to cope with the critical risks that are related to the investments made in PPP projects for the foreign investors. The aim of this article is risk ranking associated with the PPP projects using risk matrix. First, the paper reviews the current literature, consultation and a written survey distributed to the panel of experts to identify common risks in PPP projects . The risks identified from the literature were classified according to the type of risk. From the results, it was found that the critical risks associated with the PPP projects include the third party tort liability, interest rate volatility, construction cost overrun and the change in law. This research study is supposed to provide awareness and highlight the management of the risks associated with the PPP risks in Malaysia.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Identification and Assessment in Malaysian Public Private Partnership Projects ","attachmentId":36523789,"attachmentType":"pdf","work_url":"https://www.academia.edu/10530950/Risk_Identification_and_Assessment_in_Malaysian_Public_Private_Partnership_Projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/10530950/Risk_Identification_and_Assessment_in_Malaysian_Public_Private_Partnership_Projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="5" data-entity-id="27583164" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/27583164/Risk_Awareness_Identification_and_Mitigation_in_PPP_Projects">Risk: Awareness, Identification and Mitigation in PPP Projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="7371781" href="https://independent.academia.edu/irpublications">Innovative Research Publications</a></div><p class="ds-related-work--abstract ds2-5-body-sm">Public Private Partnerships have emerged as one of the latest and successful means for building and rebuilding infra structure framework in developed and developing countries. Shortage of funds and associated constraints has given rise to PPP model. There are various phases in development of PPP projects in which different risks come into play. Due to the risks PPP projects are always subjected to probability of failure. In PPP projects, risk management plays a crucial role. Risk management is handling risks involved in a project, which is an ongoing process that continues throughout the life cycle of the concession period of PPP project. This study is focused on survey methodology in order to check the awareness and knowledge regarding risk management through which an attempt is made to formulate criticality of risks. In this paper different types of project risks will be identified. Attempt to prepare general framework for risk management which include identification of risk events and finally risk mitigation measures will be done. Based on the survey results, the Collection risk, Political risk, and Construction risk are most critical. Risk mitigating measures are drafted to these critical risks and a risk management framework for PPP models is proposed.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk: Awareness, Identification and Mitigation in PPP Projects","attachmentId":47841966,"attachmentType":"pdf","work_url":"https://www.academia.edu/27583164/Risk_Awareness_Identification_and_Mitigation_in_PPP_Projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/27583164/Risk_Awareness_Identification_and_Mitigation_in_PPP_Projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="6" data-entity-id="27437970" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/27437970/Risk_Management_in_PPP_Project_at_Construction_Companies_in_India">Risk Management in PPP Project at Construction Companies in India</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="14715764" href="https://ramjimmakwana.academia.edu/ijirstjournal">IJIRST - International Journal for Innovative Research in Science and Technology</a></div><p class="ds-related-work--abstract ds2-5-body-sm">Construction projects are experiencing several problems, these are related tonon-standard demonstrate financing in country. During and after modulation period, unexploited duration, insufficient but before all obsolete public private partnership project in India became an requisite problem for further development of main economic resources like as (transportation resources, agriculture resources, mining resources, tourism resources etc.). The Public project partnership network is requirement for the development of different sphere (gumption, agriculture area, industry and commerce etc.). The risk analysis of potential elements, throughout the processes from command to operational public private partnership projects, is one of the most important elements to expand profit and functionality in Indian industries or firms, and the educated country infrastructure construction and public private partnership, while solving potential problems that may create. Much of the risk of a PPP project creates from the complexness of financing, taxation, law regulative, acquired technical certification and construction process involved in a major construction venture. Main risks, their study and management on public private partnership projects are elaborate in this paper. After risk analysis, risk management model are represent for solving risks on PPP projects in India. To investigate critical risks associated with Build Operate Transfer projects in India is main purpose of this paper.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Management in PPP Project at Construction Companies in India","attachmentId":47695393,"attachmentType":"pdf","work_url":"https://www.academia.edu/27437970/Risk_Management_in_PPP_Project_at_Construction_Companies_in_India","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/27437970/Risk_Management_in_PPP_Project_at_Construction_Companies_in_India"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="7" data-entity-id="88262786" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/88262786/Risks_in_Public_and_Private_Partnership_Projects_Identification_and_Prioritization">Risks in Public and Private Partnership Projects -Identification and Prioritization</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="31493941" href="https://irjet.academia.edu/IRJET">IRJET Journal</a></div><p class="ds-related-work--metadata ds2-5-body-xs">IRJET, 2022</p><p class="ds-related-work--abstract ds2-5-body-sm">Infrastructure is an important sector which contributes to the growth of overall development of the nation. Recently, Public Private Partnerships (PPP) has become the key factor to facilitate this development. Due to long concession periods and large investments, the risk management plays a crucial role in these types of projects. This thesis deals with the risk quantification and risk allocation of PPP projects using a fuzzy based questionnaire survey. Fuzzy logic can express and handle vague or imprecise judgments mathematically and therefore can effectively deal with errors due to human subjectivity. 20 risk factors in PPP projects are summarized from a comprehensive literature review. Interdependencies among the main risk factors affecting PPP projects are assessed using fuzzy Decision-Making Trial and Evaluation Laboratory (DEMATEL) approach. Sub risk factors are prioritized using a fuzzy hybrid method involving fuzzy Failure Mode and Effect Analysis (FMEA) and fuzzy Analytic Hierarchy Process (AHP) method. The obtained results have shown that approvals and permits, construction cost overrun, construction time overrun and land acquisition risks are the key risks affecting PPP projects.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risks in Public and Private Partnership Projects -Identification and Prioritization","attachmentId":92268737,"attachmentType":"pdf","work_url":"https://www.academia.edu/88262786/Risks_in_Public_and_Private_Partnership_Projects_Identification_and_Prioritization","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/88262786/Risks_in_Public_and_Private_Partnership_Projects_Identification_and_Prioritization"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="8" data-entity-id="39188959" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/39188959/Implementation_of_Risk_Management_in_Public_Private_Partnership_PPP20190519_1027_1c4j9pp">Implementation of Risk Management in Public Private Partnership PPP20190519 1027 1c4j9pp</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="3490771" href="https://independent.academia.edu/SandaNehemiahYakubu">Sanda Nehemiah Yakubu</a><span>, </span><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="4838236" href="https://unijos.academia.edu/NataliaAnigbogu">Natalia Anigbogu</a></div><p class="ds-related-work--metadata ds2-5-body-xs">International Journal of Science and Advanced Innovative Research., 2019</p><p class="ds-related-work--abstract ds2-5-body-sm">This paper appraised the implementation of risk management in Public Private Partnership (PPP) housing projects in Abuja, Nigeria with the view to suggest measures for improving the practice towards effective housing provision. Data for the research was obtained through questionnaire. The data was analysed using descriptive statistic, mean rating and Kruskal-Walis test. Strong support from top management, level of company's turnover and the need to comply with set regulations were the main drivers to effective implementation of risk management while lack of information/knowledge of risk management, lack of awareness of the importance of risk management and risk management not been a priority in clients requirements were the inhibiting factors. Results of the hypotheses testing shows there is significant variations in the perceptions of respondents on both the drivers and barriers to to effective implementation of risks management in PPP housing projects. The study suggested formal and structured approach to managing risks in construction projects such as PPP housing, elaborate risk management plan be made a requirement in bidding for PPP housing projects with backing legislations to ensure its implementation and the need for top management to make conscious effort towards creating enabling environment to encourage the implementation of risk management in their organisations.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Implementation of Risk Management in Public Private Partnership PPP20190519 1027 1c4j9pp","attachmentId":59316333,"attachmentType":"pdf","work_url":"https://www.academia.edu/39188959/Implementation_of_Risk_Management_in_Public_Private_Partnership_PPP20190519_1027_1c4j9pp","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/39188959/Implementation_of_Risk_Management_in_Public_Private_Partnership_PPP20190519_1027_1c4j9pp"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="9" data-entity-id="35011564" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/35011564/A_research_framework_for_effective_risk_management_in_public_private_partnership_PPP_infrastructure_projects_in_Pakistan">A research framework for effective risk management in public-private partnership (PPP) infrastructure projects in Pakistan</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="1024741" href="https://nust.academia.edu/HafizZahoor">Hafiz Zahoor</a><span>, </span><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="53808836" href="https://independent.academia.edu/AlbertChan15">Albert Chan</a></div><p class="ds-related-work--metadata ds2-5-body-xs">13th International Postgraduate Research Conference (IPGRC 2017), University of Salford, Manchester UK, 2017</p><p class="ds-related-work--abstract ds2-5-body-sm">Public-private partnerships (PPPs) are being heralded as a potentially promising alternative to overcome the chronic inefficiencies which characterize the traditional public infrastructure delivery and shortage of development budgets to meet increasing demands for public services. However, such arrangements present their own set of challenges which are primarily attributable to the complex organizational structures and long duration of underlying contractual relationships. In particular, the need for effective risk management becomes all the more important to ensure a successful project and a lapse in this domain is known to deliver disastrous outcomes. Pakistan, a developing country with a large population, abundant natural resources and geopolitical significance, boasts all the drivers to promote and benefit from PPPs. It also harbors elements that expose the stakeholders to significant risks. Therefore, a research framework is developed to identify critical risks, determine risk allocation practices, develop robust models for efficient project risk assessment and allocation, and determine measures to ensure efficient risk management on future PPP projects. Existing literature is reviewed and summarized to determine the significance, drivers, barriers, and risk management characteristics of infrastructure PPPs in the Pakistani context. In addition, results of the preliminary interviews with experts have uncovered multiple lifecycle risks and suggest immature and unsystematic risk management practices, which subsequently inform the development of the research framework.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"A research framework for effective risk management in public-private partnership (PPP) infrastructure projects in Pakistan","attachmentId":54875746,"attachmentType":"pdf","work_url":"https://www.academia.edu/35011564/A_research_framework_for_effective_risk_management_in_public_private_partnership_PPP_infrastructure_projects_in_Pakistan","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/35011564/A_research_framework_for_effective_risk_management_in_public_private_partnership_PPP_infrastructure_projects_in_Pakistan"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div></div></div><div class="ds-sticky-ctas--wrapper js-loswp-sticky-ctas hidden"><div class="ds-sticky-ctas--grid-container"><div class="ds-sticky-ctas--container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--sticky-ctas","attachmentId":64723986,"attachmentType":"pdf","workUrl":null}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{"location":"download-pdf-button--sticky-ctas","attachmentId":64723986,"attachmentType":"pdf","workUrl":null}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div><div class="ds-below-fold--grid-container"><div class="ds-work--container js-loswp-embedded-document"><div class="attachment_preview" data-attachment="Attachment_64723986" style="display: none"><div class="js-scribd-document-container"><div class="scribd--document-loading js-scribd-document-loader" style="display: block;"><img alt="Loading..." src="//a.academia-assets.com/images/loaders/paper-load.gif" /><p>Loading Preview</p></div></div><div style="text-align: center;"><div class="scribd--no-preview-alert js-preview-unavailable"><p>Sorry, preview is currently unavailable. You can download the paper by clicking the button above.</p></div></div></div></div><div class="ds-sidebar--container js-work-sidebar"><div class="ds-related-content--container"><h2 class="ds-related-content--heading">Related papers</h2><div class="ds-related-work--container js-related-work-sidebar-card" data-collection-position="0" data-entity-id="10892280" data-sort-order="default"><a class="ds-related-work--title js-related-work-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/10892280/Impediments_to_Risk_Assessment_Techniques_in_Public_Private_Partnership_Construction_Projects_in_Abuja_Nigeria">Impediments to Risk Assessment Techniques in Public-Private Partnership Construction Projects in Abuja-Nigeria </a><div class="ds-related-work--metadata"><a class="js-related-work-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="27653" href="https://futminna.academia.edu/RichardJimoh">Richard Jimoh</a></div><div 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