Malaysian public–private partnerships: Risk management in build, lease, maintain and transfer projects

Ahmad, Usman; Ibrahim, Yusnidah; Minai, Mohd Sobri

doi:10.1080/23311975.2018.1550147

Cited by 17 publications

(17 citation statements)

References 15 publications

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“…The knowledge of risks impact which is determined by its criticality index is essential in risk management because it is expected that resources should be allocated to critical risk factors otherwise the entire risk management exercise would amount to waste of time and resources with attendant consequences on the project objectives (Savari et al, 2019). It has earlier been suggested that a better understanding of the risks inherent in the PPP projects as well as knowledge of the magnitude and possible impact of those risks shall lead to a better risk response measures (Ahmad et al, 2018).…”

Section: Background Of the Studymentioning

confidence: 99%

Critical Risk Factors Associated with Public Private Partnership Housing Projects

et al. 2020

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Studies have shown that project risks are responsible for the failure of most Public Private Partnership (PPP) projects. The study examined the critical risk factors associated with PPP housing projects. Data for the research was obtained through a questionnaire. The data were analysed using descriptive statistics and mean ratings. Corruption and bribery among contracting parties (0.681), Exchange rate volatility (0.621) Availability of development funds (0.599) and Change in government (0.580) were the critical risk factors identified. The study also indicated that project cost is highly influenced by lack of development funds and changes in interest rates. The quality of PPP housing projects in Abuja was found to be influenced by partner selection risks. The study suggested a competitive, transparent, and efficient bid process to eliminate corruption, workable strategies for ensuring the availability of development funds at a cheaper rate and adopting mixed strategy in which government continues to provide social housing to the low-income class while providing the enabling environment for the private sector to thrive.

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Section: Background Of the Studymentioning

confidence: 99%

Critical Risk Factors Associated with Public Private Partnership Housing Projects

et al. 2020

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“…PPP projects are unique and complex in nature due to number of parties involved. This distinct nature and complexity, in addition to intrinsic risky nature of construction projects and the increasing demand from clients increases project risks which require robust risk management practice (Ahmad et al, 2018). Risk refers to any factor, event or influence that threatens the successful completion of a project.…”

Section: ____________________________________________________________mentioning

confidence: 99%

“…These risks vary from one place to another and between projects depending on the economic, political and socio-cultural conditions where the projects are undertaken (Carbonara et al, 2011). These risks affect project objectives of cost, time, quality, clients' satisfaction, safety environmental sustainability, and accessibility to housing units by the target group; thus proper risk management in PPP projects becomes a necessity to ensure that the desired objectives are attained (Ahmad et al, 2018). However, most project managers are ill prepared when it comes to identifying or adequately addressing potential risks in PPP projects (El-Sayegh, 2007).…”

Section: ____________________________________________________________mentioning

confidence: 99%

A Life-Cycle Framework for Managing Risks in Public Private Partnership Housing Projects

2020

EPPM-Journal

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Public private partnership projects have been adjudged to contain more risks than traditionally procured projects due to more number of parties involved and their varying interests. These risks affect the achievement of projects objectives and therefore need to be identified and treated to guarantee project success. This paper developed a life cycle framework for managing risks in PPP housing projects in Nigeria. The respondents were selected using purposeful sampling technique. The data used for the study were obtained through semi-structured questionnaire and were analysed using mean rating. Risk transfer was found to be the widely used measure for responding to risks in PPP housing projects. The criteria mostly used for risk allocation were party with the best ability to manage specific risks should they occur and ability of the party to foresee risks. A four-stage life cycle framework was developed, evaluated and validated by experts in the built environment to ascertain its reliability. The framework is recommended for PPP housing projects in Nigeria.

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“…Likewise, for Malaysian Light Rail Transit (LRT) PPP project, Markom (2012) and Mottain (2017) reported the lack of risk management in handling demand risk, design risks and risk of technical feasibility. Keers and Van Fenema (2018) claims that recent literature on risk management of PPP mostly emphasizes on risk identification and allocation as the strategy to manage the risks while few studies consider only risk identification (Ahmad et al 2018;Hwang, Zhao & Gay 2013). Moreover, studies on PPP around the globe focused on risk ranking or risk allocation only (Li et al 2005;Ahmad et al 2017).…”

Section: Introductionmentioning

confidence: 99%

“…Prior literature indicates that many types of PPP projects implemented around the globe (Ahmad et al 2018a;Li 2003), therefore, the Malaysian government has also adopted various types of PPP projects (Ahmad et al 2018a). As the nature of PPP project is distinct from a normal project due to the involvement of public and private sector, the definition of PPP project success and risk management may differ from that of other projects (Ahmad, Ibrahim & Minai 2018;Osei-Kyei & Chan 2018). In addition, the scale and measurement for risk management as a variable for PPP studies are not well defined in the existing literature.…”

Section: Introductionmentioning

confidence: 99%

Risk Management in the Malaysian Public Private Partnership Projects

Ahmad¹,

Ibrahim²,

Bakar³

2018

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The Malaysian government has been implementing Public Private Partnership (PPP) program since 1980s for infrastructure development. The literature shows that quite a number of PPP projects failed to achieve their objectives due to lack of risk management. Nonetheless, literature on risk management process for different type of PPP projects is lacking. In addition, the literature does not provide the robust measurements to study PPP risk management as a variable in the field of risk management. Therefore, this study aims to describe risk management practices for PPP projects in Malaysia. To facilitate the empirical research, the current study develops a set of items for describing PPP risk management processes by employing exploratory sequential research design. The findings show existence of some forms of risk management in PPP projects where the agreement and design concept form a vital role in risk management.

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Malaysian public–private partnerships: Risk management in build, lease, maintain and transfer projects

Cited by 17 publications

References 15 publications

Critical Risk Factors Associated with Public Private Partnership Housing Projects

Critical Risk Factors Associated with Public Private Partnership Housing Projects

A Life-Cycle Framework for Managing Risks in Public Private Partnership Housing Projects

Risk Management in the Malaysian Public Private Partnership Projects

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