Identifying Measures of Effective Risk Management for Public–Private Partnership Infrastructure Projects in Developing Countries

Khwaja Mateen Mazher, Albert P.C. Chan, Rafiq M. Choudhry, Hafiz Zahoor, David J. Edwards, Ahmed M. Ghaithan, Awsan Mohammed, Mubashir Aziz

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)

Abstract

The inadequate risk management of public–private partnership (PPP) projects is a principal cause of project distress or failure. This research seeks to identify and empirically validate measures of effective risk management (ERM) in the context of PPPs in a developing country, a subject that has received scant attention in the extant literature. The research is based on a comprehensive literature review, expert interviews and a questionnaire survey. Mean score ranking and factor analysis were employed to rank and group the identified measures, respectively. Tests were performed to determine the respondents’ agreement and establish the reliability and validity of the survey instrument. Analysis results indicate that all identified measures are important, are distributed over the entire project’s life cycle and exhibit a multi-organizational focus. The most significant measures focus on PPP-specific artifacts and procurement activities that are vital for ERM. Factor analysis established six critical underlying dimensions for the ERM of PPP projects. The extracted factors generally acknowledge the need for expert public-and private-sector project stakeholders with mature organizational structures, business processes and relevant experience to successfully handle and deliver PPP projects. Furthermore, a comprehensive PPP policy and sound legal and regulatory frameworks are essential for supporting the ERM of PPP projects. The findings will enable a better understanding of factors that influence the quality and outcomes of risk management efforts and promote sustainable infrastructure development via PPPs, where the success of a project strongly relies on positively managing a project’s risks in the economic and the social domains.

Original languageEnglish
Article number14149
JournalSustainability
Volume14
Issue number21
DOIs
Publication statusPublished - 29 Oct 2022

Keywords

  • construction project success
  • effective risk management
  • public–private partnerships (PPP)
  • sustainable procurement

ASJC Scopus subject areas

  • Computer Science (miscellaneous)
  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Building and Construction
  • Environmental Science (miscellaneous)
  • Energy Engineering and Power Technology
  • Hardware and Architecture
  • Computer Networks and Communications
  • Management, Monitoring, Policy and Law

Fingerprint

Dive into the research topics of 'Identifying Measures of Effective Risk Management for Public–Private Partnership Infrastructure Projects in Developing Countries'. Together they form a unique fingerprint.

Cite this