Risk in a Partnership

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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.ch005

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

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Abstract

Each partner has an enormous obligation in the management of risks in any PPP arrangement. The partner must ensure that concerted efforts are exerted that risks are specifically specified in their natures and where they fall. The partners thus have to comprehensively get to the knowledge of the nature and kind of the risk and where they hit most. Literature review is used to identify all forms of risks in a PPP arrangement, and their effects, and their probable solutions. These are then explored through deeper systematic reviews of case studies of implemented PPP projects and those on-going ones implemented and being implemented in various countries. Risk issues in PPP relate to typology, perspectives of parties and criteria. The findings show that effective identification and comprehension of risk in PPP will increase the likelihood that intended purpose is achieved in PPP especially when the boundaries for risk taking is well established.

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