Risks and Projects Phases

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Copyright: 2017
Pages: 37
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.ch003

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

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Abstract

This chapter provides the rational for the importance of developing an effective and efficient replica for risks in PPP arrangement in order to optimize measures to handle them. Various attempts have been made to dig up all the risks in the project phases as an alternative service delivery improvement but to date there has been a lack of proper analogies of risks in the PPP project phases. This is also a lack of clear codification for risk of the project phases in the literature to provide useful benchmark mechanisms to improve a particular phase and to share risk optimally. The aim of this chapter is to develop a conceptual replica to comprehend risks in the project phases, and to determine means to advance risk-free PPP project phase. The different case studies will be examined in an effort to simplify the tasks of creating a risk-free PPP projects. In unearthing the melodrama in handling risks in PPP project phases, it is concluded that there is a lack of proper risk sharing formula that make most PPP projects to fail and a lack of emphasis in designing a less risk prone PPP projects.

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