Risk Management in Motorway PPP Projects: Empirical-based Guidelines

Nunzia Carbonara · Nicola Costantino · Louis Gunnigan · Roberta Pellegrino

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Public-Private Partnership Projects Construction Project Management and Performance Transport and Economic Policies

Abstract

This paper deals with the topic of risk management in Public Private Partnership (PPP). The analysis of the related literature reveals that risks must be analyzed and managed on a context-specific approach, and that there is a lack of a comprehensive study on the appropriate risk mitigation strategies for each risk embedded in PPP projects. Focusing on the transport sector, based on the results of a Delphi survey, the paper provides guidelines for both public and private parties in defining a list of significant risks in PPP motorway projects, and identifying for them both the effective allocation and the suitable mitigation strategies. Results of the Delphi survey have been compared with the common practices on risk management applied in eight real motorway PPP projects.

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References

1984Case Study Research: Design and Methods 1993Applications of case study research 1987The Case Research Strategy in Studies of Information Systems 2020The Delphi Technique: Making Sense of Consensus 2002Case research in operations management 1999The Delphi technique as a forecasting tool: issues and analysis 1976The Delphi Method: Techniques and Applications 2005On Becoming a Pragmatic Researcher: The Importance of Combining Quantitative and Qualitative Research Methodologies

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2020Risks in Public–Private Partnerships: A Systematic Literature Review of Risk Factors, Their Impact and Risk Mitigation Strategies 2018Revenue guarantee in public–private partnerships: a win–win model 2017Efficient risk transfer in PPP wastewater treatment projects 2019Taxonomy of risks in PPP transportation projects: a systematic literature review 2018Fuzzy Integral–Based Risk-Assessment Approach for Public–Private Partnership Infrastructure Projects

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