A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects

X. H. Jin; H. Doloi

A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects

X. H. Jin
, H. Doloi

University of Melbourne

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

2 Citations (Scopus)

Abstract

Previous studies focusing on risk management dealt with general construction projects. However, appropriate mechanism of risk allocation and management is of critical importance to the success of PPP projects in which many risks traditionally retained by government are transferred to private sectors. This necessitates specific research on understanding of risk allocation and management in PPP projects. Ongoing criticism and discussion on a number of PPP projects across Australia over last few years also justify the need for an independent viewpoint in this context. In this paper, a theoretical framework is proposed to predict risk criticality under different risk allocation patterns and optimize risk allocation strategy in PPP projects. The relationships among risk factors, risk allocation strategies, and possible future disputes, which have been found closely related to inappropriate risk allocation practice, are explored theoretically. Further research based on the theoretical framework is set forward.

Original language	English
Title of host publication	Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction
Pages	1495-1500
Number of pages	6
Publication status	Published - 2008
Externally published	Yes
Event	4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction - Melbourne, VIC, Australia Duration: 26 Sept 2007 → 28 Sept 2007

Publication series

Name	Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction
Volume	2

Conference

Conference	4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction
Country/Territory	Australia
City	Melbourne, VIC
Period	26/09/07 → 28/09/07

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 17 Partnerships for the Goals

Cite this

Jin, X. H., & Doloi, H. (2008). A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects. In Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction (pp. 1495-1500). (Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction; Vol. 2).

Jin, X. H. ; Doloi, H. / A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects. Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction. 2008. pp. 1495-1500 (Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction).

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title = "A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects",

abstract = "Previous studies focusing on risk management dealt with general construction projects. However, appropriate mechanism of risk allocation and management is of critical importance to the success of PPP projects in which many risks traditionally retained by government are transferred to private sectors. This necessitates specific research on understanding of risk allocation and management in PPP projects. Ongoing criticism and discussion on a number of PPP projects across Australia over last few years also justify the need for an independent viewpoint in this context. In this paper, a theoretical framework is proposed to predict risk criticality under different risk allocation patterns and optimize risk allocation strategy in PPP projects. The relationships among risk factors, risk allocation strategies, and possible future disputes, which have been found closely related to inappropriate risk allocation practice, are explored theoretically. Further research based on the theoretical framework is set forward.",

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year = "2008",

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isbn = "0415457556",

series = "Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction",

pages = "1495--1500",

booktitle = "Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction",

note = "4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction ; Conference date: 26-09-2007 Through 28-09-2007",

}

Jin, XH & Doloi, H 2008, A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects. in Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction. Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction, vol. 2, pp. 1495-1500, 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction, Melbourne, VIC, Australia, 26/09/07.

A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects. / Jin, X. H.; Doloi, H.
Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction. 2008. p. 1495-1500 (Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction; Vol. 2).

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

TY - GEN

T1 - A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects

AU - Jin, X. H.

AU - Doloi, H.

PY - 2008

Y1 - 2008

N2 - Previous studies focusing on risk management dealt with general construction projects. However, appropriate mechanism of risk allocation and management is of critical importance to the success of PPP projects in which many risks traditionally retained by government are transferred to private sectors. This necessitates specific research on understanding of risk allocation and management in PPP projects. Ongoing criticism and discussion on a number of PPP projects across Australia over last few years also justify the need for an independent viewpoint in this context. In this paper, a theoretical framework is proposed to predict risk criticality under different risk allocation patterns and optimize risk allocation strategy in PPP projects. The relationships among risk factors, risk allocation strategies, and possible future disputes, which have been found closely related to inappropriate risk allocation practice, are explored theoretically. Further research based on the theoretical framework is set forward.

AB - Previous studies focusing on risk management dealt with general construction projects. However, appropriate mechanism of risk allocation and management is of critical importance to the success of PPP projects in which many risks traditionally retained by government are transferred to private sectors. This necessitates specific research on understanding of risk allocation and management in PPP projects. Ongoing criticism and discussion on a number of PPP projects across Australia over last few years also justify the need for an independent viewpoint in this context. In this paper, a theoretical framework is proposed to predict risk criticality under different risk allocation patterns and optimize risk allocation strategy in PPP projects. The relationships among risk factors, risk allocation strategies, and possible future disputes, which have been found closely related to inappropriate risk allocation practice, are explored theoretically. Further research based on the theoretical framework is set forward.

UR - https://www.scopus.com/pages/publications/55549120241

M3 - Conference Paper

AN - SCOPUS:55549120241

SN - 0415457556

SN - 9780415457552

T3 - Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction

SP - 1495

EP - 1500

BT - Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction

T2 - 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction

Y2 - 26 September 2007 through 28 September 2007

ER -

Jin XH, Doloi H. A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects. In Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction. 2008. p. 1495-1500. (Proceedings of the 4th International Structural Engineering and Construction Conference, ISEC-4 - Innovations in Structural Engineering and Construction).

A theoretical framework for optimizing risk allocation and management in Public-Private Partnership projects

Abstract

Publication series

Conference

UN SDGs

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