Le, P T; Kirytopoulos, K; Chileshe, N and Rameezdeen, R (2022) Taxonomy of risks in PPP transportation projects: A systematic literature review. International Journal of Construction Management, 22(2), pp. 166-181. ISSN 1562-3599
Abstract
Despite the existence of previous studies on risks in Public Private Partnership transportation projects, there is still absence of an overall risk catalogue, common terminology and consistent risk structure. This research provides comprehensive risk inventory, harmonious language and taxonomy for risk classification. A systematic literature review was conducted that resulted in 72 recent articles. The Concept-driven and the Grounded theory approaches were combined for the qualitative data analysis. As a result, 86 unique risks were identified and grouped according to the phase of the project life cycle they are likely to occur. As obtained from the analysis, the most frequent risks in literature are 'low traffic demand', 'escalation of operation-maintenance cost', 'inflation rate fluctuation', 'problems with land acquisition and compensation', 'change in laws and regulations' and 'interest rate fluctuation'. The proposed terminology and taxonomy appear to be appropriate and provide an overall understanding of risk identification and classification as well as improve the effectiveness of communications for both PPP practitioners and academics in this area.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | public private partnership; risks; systematic literature review; taxonomy; transportation |
| Index terms: | interest rate, data analysis, land acquisition, maintenance cost, transportation project, life cycle, systematic literature review, inflation, risk identification, grounded theory, inventory, practitioner, public private partnership, regulation, taxonomy, compensation, effectiveness |
| Subjects: | financial risk, value management, data analysis and analytics, theoretical framing, real estate economics, practitioner, financial management, political science, economic analysis, dispute resolution, contractual arrangements, infrastructure and transport systems, inventory management, performance management, research evaluation and metrics |
| Topics: | Legal Issues, Roles and Professions, Quality Management, Cost Management, Project Management, Research Practice, Supply Chain Management, Governance, Procurement, Business Strategy, Urban Studies, Engineering Principles |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here