Viable risk evaluation model of public-private-partnership (PPP) in infrastructural development.
Tan, Tze Wei.
Date of Issue2009
School of Mechanical and Aerospace Engineering
This final year report will cover the basic background of Public Private Partnerships (PPP) and how the study of it leads to the development of the PPP Model. The Model is also being put to use by analyzing 3 case studies carefully chosen for this project. The demand for infrastructure investment is ever increasing due to the globalization. Hence to effectively construct infrastructures, a PPP contract is being used to facilities it. The theory of PPP was being discussed in detailed and the various forms of PPP were also being introduced and explained. The various forms of risk were also being introduced because there are a lot of risks involved in a PPP contract. Hence, there is a need to know and understand all the risk. The principle of risk transfer was also being looked into, and it was clearly explained in detail. The PPP Risk Evaluation Model (REM) was being developed after studying these risks. We also looked into the various type of modeling technique and the Soft Systems Methodology (SSM) was chosen. The REM and SSM were then jointly used for pre-construction analysis to analyze these PPP case studies which were being carefully chosen to validate the model. The REM helped to identify the various conceivable risks involved in the projects. This will help the primary stakeholders in the PPP contract to be fully prepared to anticipate and deal with the risks. The overall research and lesson learned will help future PPP planning and development by identifying the risks with ease so that there will be no delay in the constructing the infrastructure. This will also ensure PPP project success for entire completion with an overall and to bring benefits to stakeholders.
DRNTU::Engineering::Industrial engineering::Project management
Final Year Project (FYP)
Nanyang Technological University