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(PDF) Risk Management in the Malaysian Public Private Partnership Projects | arpah abu bakar - Academia.edu
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The literature shows that quite a number of PPP projects failed to achieve their objectives due to lack of risk management. Nonetheless, literature on risk management process for different type of PPP projects is lacking. In addition, the literature does not provide the robust measurements to study PPP risk management as a variable in the field of risk management. Therefore, this study aims to describe risk management practices for PPP projects in Malaysia. To facilitate the empirical research, the current study develops a set of items for describing PPP risk management processes by employing exploratory sequential research design. The findings show existence of some forms of risk management in PPP projects where the agreement and design concept form a vital role in risk management. ABSTRAK Kerajaan Malaysia telah melaksanakan Perkongsian Persendirian Awam (PPA) sejak tahun 1980 untuk pembangunan infrastruktur di negara ini. Kajian terdahulu menunjukkan beberapa projek PPA telah gagal mencapai objektif kerana ketiadaan pengurusan risiko. Walau bagaimanapun terdapat sangat sedikit karya mengenai proses pengurusan risiko untuk setiap jenis projek PPA. Tambahan pula, kajian terdahulu tidak menyediakan alat pengukuran yang mantap untuk mengkaji proses pengurusan risiko PPA sebagai pemboleh ubah dalam bidang sains sosial. Untuk membolehkan perlaksanaan kajian empirikal ini, satu set item pengurusan risiko telah dibangunkan melalui kaedah penyelidikan secara jujukan penerokaan. Penemuan kajian menunjukkan kewujudan amalan pengurusan risiko dalam projek-projek PPA, di mana konsep perjanjian dan konsep kaedah memainkan peranan penting. Kata kunci: Perkongsian persendirian awam; perjanjian; konsep kaedah; pengurusan risiko JP 54(2018) Bab 9.indd 101","publication_name":"Jurnal Pengurusan","grobid_abstract_attachment_id":"63447084"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"Risk Management in the Malaysian Public Private Partnership Projects","broadcastable":true,"draft":null,"has_indexable_attachment":true,"indexable":true}}["work"]; window.loswp.workCoauthors = [159358341]; window.loswp.locale = "en"; window.loswp.countryCode = "SG"; window.loswp.cwvAbTestBucket = ""; window.loswp.designVariant = "ds_vanilla"; window.loswp.fullPageMobileSutdModalVariant = "full_page_mobile_sutd_modal"; 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 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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="82048477" 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/82048477/Risk_Management_of_West_Semarang_Water_Supply_PPP_Project_Public_Sector_Perspective">Risk Management of West Semarang Water Supply PPP Project: Public Sector Perspective</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="49305891" href="https://independent.academia.edu/JHatmoko">Jati Hatmoko</a></div><p class="ds-related-work--metadata 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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="5" data-entity-id="38123000" 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/38123000/EVALUASI_PENJADWALAN_WAKTU_DAN_BIAYA_PROYEK_DENGAN_METODE_PERT_DAN_CPM_Studi_Kasus_Proyek_Pembangunan_Gedung_Kantor_Badan_Pusat_Statistik_Kota_Medan_Di_Jl_Gaperta_Medan_Sumatera_Utara_">EVALUASI PENJADWALAN WAKTU DAN BIAYA PROYEK DENGAN METODE PERT DAN CPM (Studi Kasus : Proyek Pembangunan Gedung Kantor Badan Pusat Statistik Kota Medan Di Jl. 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Gaperta Medan, Sumatera Utara.)","attachmentId":58155238,"attachmentType":"pdf","work_url":"https://www.academia.edu/38123000/EVALUASI_PENJADWALAN_WAKTU_DAN_BIAYA_PROYEK_DENGAN_METODE_PERT_DAN_CPM_Studi_Kasus_Proyek_Pembangunan_Gedung_Kantor_Badan_Pusat_Statistik_Kota_Medan_Di_Jl_Gaperta_Medan_Sumatera_Utara_","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/38123000/EVALUASI_PENJADWALAN_WAKTU_DAN_BIAYA_PROYEK_DENGAN_METODE_PERT_DAN_CPM_Studi_Kasus_Proyek_Pembangunan_Gedung_Kantor_Badan_Pusat_Statistik_Kota_Medan_Di_Jl_Gaperta_Medan_Sumatera_Utara_"><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="79053550" 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/79053550/Manajemen_Pusat_Pendidikan_Dan_Latihan_Pelajar_PPLP_Balap_Sepeda_Jawa_Tengah_Dalam_Pencapaian_Prestasi_Atlet_Dan_Pelatih">Manajemen Pusat Pendidikan Dan Latihan Pelajar (PPLP) Balap Sepeda Jawa Tengah Dalam Pencapaian Prestasi Atlet Dan Pelatih</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="10449794" href="https://ums-indonesia.academia.edu/LuthfiFuadha">Luthfi Fuadha</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2016</p><p class="ds-related-work--abstract ds2-5-body-sm">ABSTRAK Latar belakang: Sepeda merupakan salah satu sarana transportasi manusia yang di rancang sejak tahun 1818, semakin berkembangnya jaman sepeda bukan lagi sebagai sarana transportasi, namun sudah merambah ke gaya hidup. Bersepeda juga merupakan salah satu kegiatan olahraga yang bertujuan pada suatu prestasi. Untuk mencetak prestasi maka di butuhkan sebuah pembinaan dalam sebuah sentra olahraga. Sentra olahraga adalah wadah pembinaan dan pengembangan kegiatan olahraga prestasi yang dilakukan oleh masyarakat/kelompok dengan bakat dan kemampuan yang tumbuh dan berkembang sesuai kondisi dan nilai budaya masyarakat setempat untuk pencapaian prestasi, salah satunya adalah PPLP. PPLP tidak terlepas dari sebuah manajemen guna pencapaian tujuan. Tujuan : (1) Mendiskripsikan struktur organisasi PPLP Balap Sepeda Jawa Tengah. (2) Mengidentifikasi sistem manajemen rekrutmen PPLP Balap Sepeda Jawa Tengah. (3) Mendiskripsikan manajemen sarana dan prasarana dalam mendukung prestasi atlet PP...</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":"Manajemen Pusat Pendidikan Dan Latihan Pelajar (PPLP) Balap Sepeda Jawa Tengah Dalam Pencapaian Prestasi Atlet Dan Pelatih","attachmentId":85905490,"attachmentType":"pdf","work_url":"https://www.academia.edu/79053550/Manajemen_Pusat_Pendidikan_Dan_Latihan_Pelajar_PPLP_Balap_Sepeda_Jawa_Tengah_Dalam_Pencapaian_Prestasi_Atlet_Dan_Pelatih","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/79053550/Manajemen_Pusat_Pendidikan_Dan_Latihan_Pelajar_PPLP_Balap_Sepeda_Jawa_Tengah_Dalam_Pencapaian_Prestasi_Atlet_Dan_Pelatih"><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="10530784" 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/10530784/Risk_Ranking_of_Malaysian_Public_Private_Partnership_Projects">Risk Ranking of 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 (PPP) has been one of the prevailing ways for the development of infrastructure in Malaysia. However, it involves many risks and uncertainties due to large investments and a long concession period. It is very important to recognize and find out ways to cope with the critical risks that are related to the investments made in PPP projects by foreign investors. The aim of this article is to risk ranking associated with PPP projects using a risk matrix. The papers carries out literature review, consultation and questionnaire survey (among a panel of experts) to identify common risks in PPP projects. The risks identified from the literature were classified according to the type of risk. Finally, the results show that third party tort liability, interest rate volatility, construction cost overruns, and changes in law are critical risks.</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 Ranking of Malaysian Public Private Partnership Projects","attachmentId":36523673,"attachmentType":"pdf","work_url":"https://www.academia.edu/10530784/Risk_Ranking_of_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/10530784/Risk_Ranking_of_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="8" data-entity-id="74021445" 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/74021445/Peran_BPK_Sebagai_Lembaga_Pengawas_Eksternal_Pengelolaan_Keuangan_Negara">Peran BPK Sebagai Lembaga Pengawas Eksternal Pengelolaan Keuangan Negara</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="179907486" href="https://unpad.academia.edu/MuthiAulia">Muthi Aulia</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Jurnal Fundamental Justice, 2020</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":"Peran BPK Sebagai Lembaga Pengawas Eksternal Pengelolaan Keuangan Negara","attachmentId":82325695,"attachmentType":"pdf","work_url":"https://www.academia.edu/74021445/Peran_BPK_Sebagai_Lembaga_Pengawas_Eksternal_Pengelolaan_Keuangan_Negara","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/74021445/Peran_BPK_Sebagai_Lembaga_Pengawas_Eksternal_Pengelolaan_Keuangan_Negara"><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="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></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":63447084,"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":63447084,"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_63447084" 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. 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