doi:10.3850/978-981-08-7920-4_S1-P19-cd

ABSTRACT

Previous research indicates that existing PPP projects are plagued by risks and often have suffered poor performance in terms of cost overrun and schedule delay due to their complexity. Thus, it is essential to have a good risk management mechanism for a successful implementation. This paper reports the expanded research framework of a funded study, which aims to develop an equitable risk sharing mechanism for PPP projects in China. The study framework and methodologies adopted in this study are presented and discussed as are research findings for potential application in subsequent PPP projects. It is believed that the research framework designed for the PPP practices in China can also be replicated for other countries or other industries to produce similar research framework or models for risk management research.

Keywords: Risk management, PPP projects, Risk identification, Risk evaluation, Risk allocation, Risk response.

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