Risk Management at Implementation of Social Projects of Public-Private Partnership

Public‐private‐partnership projects are long term, complex and very challenging contractual arrangements and relationships. They bring new roles for public sector and also for private sector in terms of construction and services. This paper will go through some features of the Finnish PPPs. Proactive law focuses in practical views as regards contract law and contractual issues. The main target is to prevent problems instead of confronting them. This paper will clarify what proactive law is about in terms of contract law and contracting especially in PPPs. For instance, 20–40 years’ partnership relation with PPPs brings up also dozens of different risks into the picture. This paper will discuss the risks and risk management in terms of proactive law and after that, focus on PPPs in Finland. Santruka Viešojo ir privataus sektoriu partnerystes (VPP) projektai ‐ tai ilgalaikiai, sude tin gi ir itin daug pastangu reikalaujantys sutartiniai susitarimai ir santykiai. Ne tik viešajame, bet ir privačiajame sektoriuje jie sukuria naujus, su statyba ir paslaugomis susijusius, vaidmenis. Šiame darbe apžvelgiami kai kurie Suomijos VPP bruožai. Iniciatyvi teise glaudžiai susijusi su prak ti nemis pažiūromis, sutarčiu teise ir pan. Pagrindinis tikslas ‐ išvengti problemu užuot jas sprendus. Šiame darbe paaiškinama iniciatyvios teises esme sudarant sutartis, ypač VPP. Pavyzdžiui, kai VPP trunka 20–40 metu, susiduriama su daugybe ivairiu rizikos rūšiu. Todel straipsnyje pirmiausia aptariamos rizikos rūšys ir rizikos valdymo būdai taikant iniciatyvia teise, o po to ‐ Suomijos VPP.

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RISK MANAGEMENT PRACTICE IN CHINA'S PUBLIC-PRIVATE PARTNERSHIP PROJECTS

Journal of Civil Engineering and Management ◽

10.3846/13923730.2012.723380 ◽

2012 ◽

Vol 18 (5) ◽

pp. 675-684 ◽

Cited By ~ 36

Author(s):

Yongjian Ke ◽

ShouQing Wang ◽

Albert P. C. Chan

Keyword(s):

Risk Management ◽

Quantitative Methods ◽

Management Practice ◽

Risk Identification ◽

Public Private Partnership ◽

Assessment Tools ◽

Dominant Factor ◽

Private Partnership ◽

Management Culture ◽

Empirical Survey

Project risks were not properly managed in the many past Public-Private Partnership (PPP) projects in China. Although numerous research studies have been conducted on risk management in China's PPP projects, the realization of risk management in China's construction industry especially in PPP projects with high risk exposure and complicated contract structure has hitherto not been well studied. This paper therefore attempted to examine the current use of risk management in China's PPP projects by an empirical survey. The results indicated that the use of risk management was inadequate; qualitative risk analysis methods were preferred to quantitative and semi-quantitative methods; risk management usage in the execution was found to be much higher than in the planning, conceptual or termination stage; interviewees were unfamiliar with most of the risk identification and assessment tools. All above could be partly due to the project nature, but more fundamentally due to the local industrial culture. The absence of risk management culture was found to be the dominant factor which limited the implementation of risk management in practice. Recommendations to alleviate the difficulties of risk management were thereafter provided in this paper.

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Comparative Analysis of the Success Criteria for Public–Private Partnership Projects in Ghana and Hong Kong

Project Management Journal ◽

10.1177/875697281704800407 ◽

2017 ◽

Vol 48 (4) ◽

pp. 80-92 ◽

Cited By ~ 21

Author(s):

Robert Osei-Kyei ◽

Albert P. C. Chan

Keyword(s):

Risk Management ◽

Hong Kong ◽

Project Success ◽

Developed Countries ◽

Public Private Partnership ◽

Private Partnership ◽

Developed Economies ◽

Success Criteria ◽

Project Success Criteria ◽

Developing And Developed Countries

The criteria for measuring the success of public–private partnership (PPP) projects have become very topical because of the global interest in PPP project success. This article empirically investigates the differences and similarities of PPP project success criteria in developing and developed economies, represented by Ghana and Hong Kong, respectively. Results reveal profitability, meeting output specifications, and adherence to budget as the top three success criteria in Ghana, whereas adherence to budget, adherence to time, and effective risk management are considered more important in Hong Kong. The findings inform practitioners of the success measures considered in PPP in developing and developed countries.

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Risk management of public-private partnership charging infrastructure projects in China based on a three-dimension framework

Energy ◽

10.1016/j.energy.2018.09.092 ◽

2018 ◽

Vol 165 ◽

pp. 1089-1101 ◽

Cited By ~ 17

Author(s):

Yunna Wu ◽

Zixin Song ◽

Lingwenying Li ◽

Ruhang Xu

Keyword(s):

Risk Management ◽

Public Private Partnership ◽

Three Dimension ◽

Infrastructure Projects ◽

Private Partnership ◽

Charging Infrastructure

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Risk Management in the Malaysian Public Private Partnership Projects

Jurnal Pengurusan ◽

10.17576/pengurusan-2018-54-09 ◽

2018 ◽

Vol 54 ◽

pp. 101-114

Author(s):

Usman Ahmad ◽

Yusnidah Ibrahim ◽

Arpah Abu Bakar

Keyword(s):

Risk Management ◽

Public Private Partnership ◽

Private Partnership

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Public Private Partnership Operational Model – A Conceptual Study on Implementing Scientific-Evidence-Based Integrated Risk Management at Regional Level

Journal of Disaster Research ◽

10.20965/jdr.2019.p0667 ◽

2019 ◽

Vol 14 (4) ◽

pp. 667-677 ◽

Cited By ~ 3

Author(s):

Yanling Lee ◽

Kenji Watanabe ◽

Wei-Sen Li ◽

◽

Keyword(s):

Risk Management ◽

Large Scale ◽

Science And Technology ◽

Disaster Risk ◽

Economic Security ◽

Public Private Partnership ◽

Regional Level ◽

Economic Losses ◽

Disaster Resilience ◽

Private Partnership

The 2004 South-East Asia earthquake and tsunami as well as the 2011 Great East Japan Earthquakes and tsunamis caused the greatest economic losses and challenged the continuity of business operations across the continents. Thereafter, regions most at risk when the 2016 Kaohsiung earthquake shook an electronics hub in Southern Taiwan, where lies at the heart of Apple’s supply chain. The large-scale disasters demonstrate the fragility of supply chains and the importance of enhancing disaster resilience through innovative technology and keen collaboration on information sharing/dissemination, resources allocations and risks communication/awareness across borders. With review of the global and regional lessons learn from the large-scale disasters, the increasing threats from devastating earthquakes and extreme weather call for the actions to enhance economic security. Base on the practical experience of DRR project implementations in decades, APEC identifies several key factors to promote disaster resilience in business sectors while the Sendai Framework for Disaster Risk Reduction (SFDRR) declared to promote the disaster risk governance and encourages innovation, science and technology DRR approaches on raising the risk awareness and level of preparedness. At regional level of disaster risk management, empowering the cross-cutting collaborations on science and technology as well as enabling the inter-disciplinary information intelligence platform for communications are keys to resilient society and human well-being. This paper aims to identify conceptual model for enhancing regional resilience and connectivity through public-private partnership. The country-level case studies and comprehensive regional reviews for promoting inclusive and disaster resilient development will be cover.

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