The Study on the Risk Factors and the Success Factors of Public Private Partnership Project : Focusing on China and the Middle East

2013 ◽  
Author(s):  
Song-Il Kim ◽  
◽  
Dong-Youl Lee ◽  
Yong-Jun Lee ◽  
Min-Jae Lee ◽  
...  
Keyword(s):  
Risk Factors ◽  
Middle East ◽  
Success Factors ◽  
Public Private Partnership ◽  
Private Partnership

scholarly journals Developing an AHP Risk Assessment Model for PPP Projects in Jordan

2021 ◽  
Author(s):  
Maram Almuhisen ◽  
◽  
Hüseyin Gökçekuş ◽  
Tahir Çelik ◽  
◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Success Factors ◽  
Quantitative Model ◽  
Public Private Partnership ◽  
Assessment Model ◽  
Study Phase ◽  
Private Partnership ◽  
Factors Affecting ◽  
Goods And Services

For the Jordanian government, meeting the growing demand for goods and services on its own is very difficult, leading to the increased dependence on other sectors of society. This research is aimed at understanding the critical success factors of local public-private partnership projects, identifying the most vital risk factors affecting projects, and establishing a quantitative model for risk assessment. The model can assist public-private partnership contributors by transforming the basic risk assessment principles into a more facilitated and systematic arithmetical based approach. The results showed that the risk factors with the highest ranks (respectively) are transfer phase, organizational risks, financing phase, project management risks, and feasibility study phase. The research is ultimately aimed at developing a framework for the risk evaluation of public-private partnerships within the construction industry in Jordan.

scholarly journals Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

2020 ◽  
Vol 12 (17) ◽  
pp. 7121
Author(s):  
Goran Amović ◽  
Rado Maksimović ◽  
Sonja Bunčić
Keyword(s):  
Critical Success Factors ◽  
Success Factors ◽  
Principal Component ◽  
Transitional Economies ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
Methodological Research ◽  
Critical Success ◽  
National Governments

In the initial stages of the adoption and institutionalization of Public-Private Partnerships (PPPs), national governments of transitional economies have accepted, developed, and organized Public-Private Partnerships with varying degrees of success. This study aims to investigate the critical success factors (CSFs) influencing the establishment of a sustainable Public-Private Partnership in transition conditions. In the first part of the paper, based on an extensive review of the literature, previous studies and relevant results in this field are presented as a background for this research. In the second part of this article, the survey used a factor analysis, which, with the application of the Principal Component Analysis and Varimax method with Kaiser normalization, has extracted four CSFs: (1) the establishment of a central PPP unit—knowledge center; (2) the establishment of a compatible legal/regulatory framework; (3) development of national PPP policies and strategies; and (4) standardization and transparency of the process. In the concluding remarks, the authors address the perspectives and methodological research constraints, examining possibilities to develop new knowledge and more efficient Public-Private Partnership implementation in the developing PPP markets of transitional economies.

scholarly journals THE ROLE OF THE MIDDLE EAST INVESTMEN INITIATIVE (MEII) IN DEVELOPMENT IN THE WEST BANK, PALESTINE IN THE U.S.-PALESTINE PARTNERSHIP (UPP) FRAMEWORK

2018 ◽  
Author(s):  
Presya Ramadhan
Keyword(s):  
Middle East ◽  
Private Sector ◽  
West Bank ◽  
Public Private Partnership ◽  
The West ◽  
Private Partnership ◽  
Security Issues ◽  
Private Sector Investment ◽  
The U.S

This paper examines the role of Middle East Investment Initiative (MEII) in development in the West Bank, Palestine in the U.S.-Palestine Partnership (UPP) framework. Answering the question of how the role of the Middle East Investment Initiative (MEII) in development in Palestine in the US-Palestine Partnership (UPP) framework and how the contribution of Public-Private Partnership (PPP) to development in Palestine, the author's thesis statement is that amid diplomatic and territorial disputes, The Middle East Investment Initiative (MEII) as a public-private partnership becomes the main channel for collecting and channeling development assistance such as resources and private sector investment that can benefit the West Bank and bring prosperity to people Palestinians. While the private sector such as the Middle East Investment Initiative (MEII) cannot do much to address diplomacy or security issues, the private sector can play an equally important role through the contribution of resources and investment to conflict areas such as Palestine to help economic development In the West Bank, Palestine.

Risk assessment in public-private partnership infrastructure projects

2017 ◽  
Vol 17 (2) ◽  
pp. 204-223 ◽  
Author(s):  
Robert Osei-Kyei ◽  
Albert P.C. Chan
Keyword(s):  
Risk Factors ◽  
Hong Kong ◽  
Significant Risk ◽  
Developed Countries ◽  
Public Private Partnership ◽  
Cost Overruns ◽  
Private Partnership ◽  
Content Type ◽  
Project Completion ◽  
Rate Fluctuation

Purpose The purpose of this paper is to empirically compare the risk factors in public-private partnership (PPP) projects in developing and developed countries, represented by Ghana and Hong Kong, respectively. Design/methodology/approach A structured questionnaire survey was conducted with PPP practitioners in Ghana and Hong Kong. In total, 103 valid responses were received for analysis. Kendall’s coefficient of concordance and mean ranking were used for data analysis. Findings The results show that respondents from Ghana ranked country risk factors higher, whereas their Hong Kong counterparts ranked project-specific risks higher. The top five significant risks in Ghana are corruption, inflation rate fluctuation, exchange rate fluctuation, delay in project completion and interest rate fluctuation. In Hong Kong, the top five significant risk factors are delay in land acquisition, operational cost overruns, construction cost overruns, delay in project completion and political interference. Originality/value The results of the study inform international investors of the appropriate risk mitigation measures and preventive actions to use when engaging in PPP arrangements in any part of the world. Further, governments who are yet to use the PPP concept would be informed of the prevailing risk factors in other neighbouring countries (i.e. developing or developed countries).

The Influence of Critical Success Factors on Value for Money Viability Analysis in Public–Private Partnership Projects

2017 ◽  
Vol 48 (4) ◽  
pp. 93-106 ◽  
Author(s):  
Khalid Almarri ◽  
Halim Boussabaine
Keyword(s):  
Critical Success Factors ◽  
Success Factors ◽  
Public Private Partnership ◽  
Value For Money ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Public Projects ◽  
Viability Analysis ◽  
Critical Success

Governments are increasingly entering partnerships with the private sector through the public–private partnership (PPP) model for the development of public projects. Value for money analysis is used to assess the viability of these ventures. This research aims to investigate the contribution of the PPP critical success factors to value for money viability analysis. Relevant data were collected through a questionnaire to establish the PPP critical success factors and value for money success criteria. Data were collected from 92 participants. The data obtained were analyzed using mean score, t-test, and regression analysis. The research found that government guarantees, macroeconomic conditions, shared authority between the public and private sectors, social support, and transparent procurement process contributed positively to value for money viability analysis. The results imply that practitioners should consider these key indicators for improving the value for money viability of PPP projects.

scholarly journals Investigation of the challenges facing public-private partnership projects in Australia

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Godfrey Charles Mwakabole ◽  
Argaw Tarekegn Gurmu ◽  
Linda Tivendale
Keyword(s):  
Success Factors ◽  
Risk Measures ◽  
Business Case ◽  
Project Planning ◽  
Public Private Partnership ◽  
Light Rail ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Critical Success ◽  
Political Interference

The practice of implementing infrastructure projects through a public-private partnership (PPP) arrangement is widely employed around the world with successful outcomes. However, this practice is not without challenges related to cost, time and quality variations, which the public is forced to bear. This study aims to explore factors influencing the termination of the East West Link project in Melbourne and present time and cost variation challenges facing the Sydney Light Rail project. This paper utilizes literature, investigating the critical success factors (CSF) for PPP infrastructure projects in an international context, and other readily available data sources such as Australian government publications, the case projects’ reports, news articles, and websites as the sources of data. The data gathered from these sources was then analysed to understand the project challenges and to investigate the relationship between CSF and the challenges. Four challenges were identified, including insufficiency of the business case, political interference, non-independence of implementing organizations and insufficient risk profile identification. The findings can assist to cover the loopholes that might cause similar failures in project planning, risk management, and policy and guideline frameworks. However, efforts should be made in improving the existing policies to accommodate political interests as part of risk measures under the national PPP guidelines. 

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