scholarly journals Port risk management and Public Private Partnerships: factors relating to risk allocation and risk sustainability

2010 ◽  
Vol 3 (1/2) ◽  
pp. 150 ◽  
Author(s):  
Morrison Handley Schachler ◽  
Jyoti Navare
Keyword(s):  
Risk Management ◽  
Public Private Partnerships ◽  
Risk Allocation

Evaluating the Effectiveness of Public–Private Partnerships in Highway Development: The Case of Virginia

2018 ◽  
Vol 2672 (4) ◽  
pp. 43-53 ◽  
Author(s):  
Yin Wang ◽  
Zhirong Jerry Zhao
Keyword(s):  
Risk Reduction ◽  
Partner Selection ◽  
Public Private Partnerships ◽  
Risk Allocation ◽  
Cost Overrun ◽  
Efficiency Gains ◽  
Highway Projects ◽  
Public Benefits ◽  
Financial Arrangements

Given the current momentum for public–private partnerships (PPPs), it is critical to review the experiences of PPP highway projects to see whether they succeed in serving public benefits. This article applies a goal-centered approach to evaluate the effectiveness of nine PPP highway projects in the Commonwealth of Virginia, U.S.A., that were implemented and opened to traffic between 1990 and 2016. Virginia has used highway PPPs more for financing or risk reduction than for efficiency gains. The authors examine four elements of contract agreements—PPP type, private partner selection, financial arrangements, and risk allocation—in these Virginian projects, and find that these arrangements have been effective in accessing innovative finance and preventing cost overrun, while the evidence is limited regarding shifting revenue risk or achieving efficiency gains.

Strategies for Managing Risk on Pipeline Projects

2006 ◽  
Author(s):  
Peter Wallace ◽  
Mark Cohen ◽  
Guy Lembach ◽  
Matthew Murch ◽  
Reena Sahney
Keyword(s):  
Risk Management ◽  
Life Cycle ◽  
Resource Constraints ◽  
Significant Risk ◽  
Regulatory Compliance ◽  
Risk Allocation ◽  
Capital Projects ◽  
Management Project ◽  
Managing Risk ◽  
Capital Construction

The risk factors pressuring pipeline projects are very similar to those that influence any capital construction project, except that the scale and complexity are magnified as are the consequences of even minor disruptions to the progress of the work. Essential to the successful planning, design, and construction of large capital projects is risk management. Project issues such as regulatory compliance, resource constraints, aggressive competition, and the access to and requirements of capital markets require aggressive and thorough risk management and control. Moreover, the ability to influence and mitigate cost and schedule risk decreases as the project progresses through the construction life cycle. This paper will discuss the major components of proper risk management including scoping, identification, analysis and evaluation, timely response, mitigation, control, and risk allocation using proven techniques. The significant risk areas in each phase of the project life cycle including, feasibility, planning and design, construction, and start up & turnover will also be discussed. This paper will also focus on tools and strategies in dealing with the common and costly areas of risk, particularly the use of CPM scheduling in the identification, control and quantification of risk management issues using statistical models, such as Monte Carlo simulations, and the use of CPM scheduling in the avoidance of claims will be highlighted.

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