Delphi Approach to Operation Environment Indicators for Public-Private Partnership Risk Management in Construction Industry in Ghana

The peaceful economic environment necessitates the implementation of national policies, institutional structures, and a stable political environment that resolve corruption-related issues, attracting investors and increasing their confidence to invest in such an economy. Public-private partnership (PPP) is an innovative mechanism that requires private partners to inject their financial resources into developing infrastructure in a given economy. Hence the research enquires to ascertain the impact of PPP operation environment indicators to manage PPP risk in the construction industry in Ghana through the Delphi approach. The study employs 12 Delphi panelists who are experienced in PPP projects and risk management. Out of 15 indicators, the panelist attains consensus on 13 of the variables in three iterations and the variables were ranked accordingly. The findings of the study imply that government institutions, private institutions, investors are necessitated to engage in PPP where there is a tranquil environment in other to attain value for money on their investment. The discovery of the research can be adopted on the ground to manage PPP risk in construction in Ghana as well as other developing countries. The study discoveries contribute to body of knowledge as regard managing PPP project risk in construction industry.