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 Determining critical risk factors affecting public‐private partnership waste‐to‐energy incineration projects in China

2020 ◽  
Vol 8 (4) ◽  
pp. 1181-1193 ◽  
Author(s):  
Caiyun Cui ◽  
Chenjunyan Sun ◽  
Yong Liu ◽  
Xiaoyan Jiang ◽  
Qing Chen
Keyword(s):  
Risk Factors ◽  
Public Private Partnership ◽  
Waste To Energy ◽  
Private Partnership ◽  
Factors Affecting

scholarly journals USING FUZZY ANALYTIC NETWORK PROCESS AND ISM METHODS FOR RISK ASSESSMENT OF PUBLIC-PRIVATE PARTNERSHIP: A CHINA PERSPECTIVE

2019 ◽  
Vol 25 (2) ◽  
pp. 168-183 ◽  
Author(s):  
Yan Li ◽  
Xinyu Wang
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Assessment Tool ◽  
Analytic Network Process ◽  
Interest Rate Risk ◽  
Public Private Partnership ◽  
Interpretive Structural Modeling ◽  
Private Partnership ◽  
Network Process ◽  
Fuzzy Analytic Network Process

The public-private partnership (PPP) has been adopted globally to meet intensifying demands for public facilities and services. However, PPP projects contain a variety of risks which may lead to project failure. Many researchers have explored risk factors associated with PPP projects in developing countries. However, these investigations have limited their aim to understanding risk impact without considering the interactions of these factors. Hence, to fill this gap, this study proposes a risk assessment method, addressing vital interrelationships and interdependencies. Two methodologies, fuzzy analytic network process (F-ANP) and interpretive structural modeling (ISM), were applied to avoid vagueness and data inaccuracies. The primary contributions of this paper were considering the relationships among risk factors and risk priority; and offering a risk analysis approach based on linguistic scales and fuzzy numbers to reflect different neutral, optimistic and pessimistic viewpoints from expert respondents’ judgments. Results from this analysis showed that legal and policy risk was the most influential and interdependent risk, and interest rate risk was the most essential risk in Chinese PPP projects. The ISM structure diagram demonstrated that most of 35 identified risk factors had high driving and dependence power. This study proposed a systematic and practical method to identify and assess PPP risk factors, utilizing an integrated approach consisting of F-ANP and ISM, which has not been used for risk assessment in the construction field. This paper provides a new risk assessment tool and a basis for risk management strategies in the construction engineering and management field.

scholarly journals Critical Success Factors in Public-Private Partnership

2021 ◽  
Vol 4 (1) ◽  
pp. 81
Author(s):  
Sri Mulyani
Keyword(s):  
Success Factors ◽  
Organizational Factors ◽  
Public Private Partnership ◽  
External Factors ◽  
Structural Factors ◽  
Key Factors ◽  
Private Partnership ◽  
Goods And Services ◽  
Critical Success ◽  
The Government

Public Private Partnership (PPP) is an alternative solution for the government in order to provide public goods and services that the government cannot fulfill itself due to budget constraints.    However, not all PPP implementations are successful. In this article, the determinants of the success of PPP implementation are examined.  The analysis was carried out based on articles discussing the keys success factors of implementing PPP. These articles are taken from articles published in reputable journals. The results of the analysis show that organizational factors, interactional factors, structural factors and external factors are the key factors for the success  of the implementation of PPP.

scholarly journals Understanding of CSFs in the Application of Public-Private Partnership (PPP) Toll Expressway in Malaysia

2019 ◽  
Vol 9 (1) ◽  
pp. 2082-2087
Keyword(s):  
Success Factors ◽  
Descriptive Analysis ◽  
Legal Framework ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Factors Affecting ◽  
Public Investments ◽  
Innovation Cluster ◽  
Critical Success ◽  
The Government

Expressways are extremely expensive to build and maintain. A major infrastructure project and services involve massive public investments starting from planning, land acquisition, grading, paving and other expenditure. As an alternative, Public Private Partnership (PPP) is a popular tool for the government to cope and meet the increasingly demand by capitalising on private sectors ‘resource and expertise. Given the inherent advantages of PPP model over conventional model, the PPP model was highly favoured and adopted for toll expressway development in Malaysia. Many studies have been made on PPP in the literature but very few have been conducted to investigate factors affecting adoption of PPP toll expressway in Malaysia. Thus, this paper attempts to register all these Critical Success Factors (CSFs) from available journal articles published since 2012. Twenty (20) articles were identified and all the CSFs in them were registered in one list. A two stage exploratory sequential mixed method design was adopted. The first stage was to list all the 161 CSFs that illustrated in the articles and qualitatively analysed them (using thematic analysis) and this resulted in reducing the number to 77. Then these 77 themes of CSFs went through of consolidating exercise into grouping them under the relevant Clusters. Overall, there are nine (9) clusters of criteria of CSFs that can be consolidated as factors affecting on adoption of PPP namely;(1) risks cluster, (2) governmental influence cluster, (3)project viability cluster, (4)organisational cluster, (5)economic and financial cluster, (6)legal framework cluster, (7)technology and innovation cluster, (8) social and environment cluster, and (9) trust cluster. The consolidated nine (9) clusters of CSFs list then went through a final stage of analysis for validation. A set of questionnaire to validate the degree of importance of these nine (9) clusters of factor affecting was prepared and sent to thirty (30) experts in PPP from three (3) main sectors; public, private and academic. The descriptive analysis was done by using Statistical Package for Social Sciences (SPSS) Version 23.0 to differentiate these nine (9) clusters of factor affecting through their mean score. Finally, based on the group mean score value higher than 3.95, three (3) clusters of CSFs were selected as the most factor affecting in adoption of PPP namely; governmental influence, project viability and trust. This list is recommended to be considered in future studies of the influencing factors of involvement private sectors into PPP particularly on expressway projects.

Risk assessment of public-private partnership in Russia based on the fuzzy logic method

2020 ◽  
pp. 132-143
Author(s):  
A. N. Savrukov ◽  
N. Т. Savrukov ◽  
E. A. Kozlovskaya
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Fuzzy Logic ◽  
Public Private Partnership ◽  
Risk Level ◽  
Project Implementation ◽  
Private Partnership ◽  
Aggregate Risk ◽  
Fuzzy Logic Method ◽  
Project Level

This paper is the first to assess the integral level of risks in public-private partnership (PPP) projects being implemented in Russia, taking into account the stages of project implementation. The results of empirical assessments have shown that the aggregate risk level is now estimated by experts as high. The key risks are incorrect assessment of project parameters, possible change of tariffs as well as risks related to the construction stage and demand for services. The majority of risk factors in PPP projects are of sectoral, project-level nature and are not related to economic, political or legal conditions. The study has shown differences in the structure of risks that partnership subjects are willing to take and transfer to another party, which has allowed to justify the distribution of risks among participants.

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.

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