Awuah, E (2020) A conceptual risk management framework for public private partnership in developing countries: A Ghanaian and South African perspective. PhD thesis, University of South Africa, South Africa.
Abstract
Purpose––No public-private partnership (PPP) project is risk free. Therefore, there is the need for an efficient risk management procedure to deal with the inherent threats and opportunities represented by such potential risks. The purpose of this research aims at explaining the key issues and concepts involved in risk management processes and principles in PPPs, and also to design a risk management framework that can reinforce the management of PPPs.Design/methodology/approach––Stakeholders in PPPs expect risk management to be appropriate and adequate to aid in the successful implementation of PPPs. In theory and practice, it seems that risk management in PPPs has been approached in an unstructured manner, which lowers the quality of risk management activities and does not support the successful management of PPPs. A survey of risk management and PPP experts’ opinions was conducted on multiple PPP projects, following an extensive literature review and an empirical case study. This approach was adopted to test the applicability of the proposed conceptual risk management framework for PPPs.Findings––The research presents and describes PPP modalities and theories, analyses the various types of risks in PPPs, and describes the risk management processes and principles that are applicable in PPPs. The conclusions drawn from the literature review were used to develop a structured approach to risk identification in PPPs, and to design a conceptual risk management framework for PPPs.Originality/Value––The study used a scientific approach to test the proposed framework and its applicability to PPPs. The proposed conceptual risk management framework for PPPs bridges the gap between the unstructured and structured approaches to risk management activities in PPPs, both at the theoretical and practical levels. The proposed conceptual risk management framework broadens PPP stakeholders’ views on the importance of adopting a structured approach to risk management in PPPs, which seems to have received less attention previously in research efforts or studies on risk management in PPPs.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Young, J |
| Uncontrolled Keywords: | case study; developing countries; partnership; public-private partnership; risk identification; risk management |
| Index terms: | partnership, case study, public private partnership, implementation, risk management, survey, risk identification, literature review, developing country, methodology |
| Subjects: | contractual arrangements, research methods, development economics, financial risk, data analysis and analytics, data collection methods, risk assessment, partnership management |
| Topics: | Procurement, Risk Management, International Construction, Stakeholder Management, Research Practice, Cost Management |
| Descriptive scope: | 5 PCTEA |
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