Establishing Boundaries for Risk Taking

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Copyright: 2017
Pages: 38
Source title: Risk Management Strategies in Public-Private Partnerships
Source Author(s)/Editor(s): Peter Adoko Obicci (POA-Kittim Consultants, Uganda)
DOI: 10.4018/978-1-5225-2503-5.ch006

Keywords: Business Science Reference / Government & Law / Public & Sector Management / Risk Assessment

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Abstract

In this chapter, a model for risk taking tool directed towards and tailored specifically for establishing risk boundaries. The goal of the chapter is to cover the particular threats pertinent to the risk context and provide an interface between the broader philosophy of risk raking frameworks and the risk attitude perception, thus aiding in the successful and secure risk taking. The model incorporates a wide range of factors concerning risk returns and risk responses, assembled into a checklist to ensure properly manageable risks are taken by the parties. It is concluded that this is the starting point for a systematic risk management in PPPs.

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