Collaborative risk management for public-private partnership projects in Australia

Emphasizing risk sharing, collaborative-based procurement methods such as Project Alliancing (PA) have achieved excellence in many public and private projects in Australia. In light of the heightened trend in Public-Private Partnership (PPP) utilization in the State Governments in Australia, improving risk management serves even greater motivation in engaging this procurement model on the back of past failures. It is feasible in suggesting there are risk management lessons to be learnt and traits to be borrowed from PA from the PPP model. This paper conducts a comprehensive review of the literature, of both PPP and PA procurement, with respect to model characteristics, risk management processes, and past successes and failures. As a collective, these areas of research shall complement both the investigation of industry opinion as well as to ultimately generate collaborative-based risk management framework, which seek to successfully integrate into PPP risk management. The former aspect will withdraw feedback and judgment from an array of industry professionals, with varying fields and backgrounds, in light of feasibilities and statuses of both models and their gaps. The later shall act to definitively set in place a list of inclusions characterized by PA delivery but of which is both subtle and efficient enough to be regarded as acceptable from PPP perspectives.