Risk identification, assessment, and allocation in PPP projects: A systematic review

Simple item page
dc.citation.issue1109
dc.citation.volume12
dc.contributor.authorRasheed N
dc.contributor.authorShahzad W
dc.contributor.authorKhalfan M
dc.contributor.authorRotimi JOB
dc.date.available2022-07-27
dc.date.issued2022-07-27
dc.description.abstractPublic private partnerships (PPPs) have gained widespread adoption as an innovative way of procuring public infrastructure projects over the last two decades. Risk identification, assessment, and allocation have received considerable attention from researchers due to the risk heavy nature of PPP projects. Adoption of PPPs has triggered a sudden increase in research interest in the area in recent years. This study attempts to provide an updated systematic review of literature related to risks in PPPs using a PRISMA flowchart. The results of the study offer some valuable insights into the future and current state of research. The study found that the focus of research on PPPs has shifted from an overall risk identification and assessment approach to individual risk analysis. Moreover, this research trend is on the rise in developing countries, and that quantitative methods for risk management in PPP research and qualitative methods in practice are preferred. In developed economies, due to negative public sentiments, transparency concerns, and arguments of value for money not being achieved, PPPs are becoming less popular. For these reasons a shift to availability-based payment mechanisms such as in Design-Build-Finance-Maintain (DBFM) from traditional revenue-based mechanisms as in Build-Operate-Transfer (BOT) has been observed. These shifts in research trends and practice offer researchers future opportunities to investigate these relatively newer approaches.
dc.description.confidentialfalse
dc.format.extent1 - 19 (19)
dc.identifierhttps://doi.org/%2010.3390/buildings12081109
dc.identifier.citationBuildings, 2022, 12 (1109), pp. 1 - 19 (19)
dc.identifier.doi10.3390/buildings12081109
dc.identifier.elements-id454889
dc.identifier.harvestedMassey_Dark
dc.identifier.issn2075-5309
dc.publisherMDPI AG
dc.publisher.urihttps://doi.org/%2010.3390/buildings12081109
dc.relation.isPartOfBuildings
dc.relation.urihttps://www.mdpi.com/2075-5309/12/8/1109
dc.rightsCC BY
dc.rights(c) The Author/s
dc.subject.anzsrc1201 Architecture
dc.subject.anzsrc1202 Building
dc.subject.anzsrc1203 Design Practice and Management
dc.titleRisk identification, assessment, and allocation in PPP projects: A systematic review
dc.typeJournal article
pubs.notesNot known
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/College of Sciences
pubs.organisational-group/Massey University/College of Sciences/School of Built Environment
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