Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220119
Title: RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS IN SINGAPORE � FROM A PRIVATE SECTOR �S PERSPECTIVE
Authors: GAY JIANG SHU, MINDY
Keywords: Building
Project and Facilities Management
Hwang Bon-Gang
2010/2011 PFM
Issue Date: 19-May-2011
Citation: GAY JIANG SHU, MINDY (2011-05-19). RISK MANAGEMENT IN PUBLIC PRIVATE PARTNERSHIP (PPP) PROJECTS IN SINGAPORE � FROM A PRIVATE SECTOR �S PERSPECTIVE. ScholarBank@NUS Repository.
Abstract: The Singapore government (Ministry of Finance) started its first Public-Private Partnership (PPP) project in Singapore in 2003. Under the PPP scheme, selected public sector projects worth more than S$50 million will be outsourced to the private sectors. To date, there are only ten successfully procured PPP projects in Singapore. The purpose of this study is to identify risk factors that perceived as obstacles to the private sector in emerging PPP projects in Singapore. A questionnaire survey was conducted to explore the criticality of the risk categories and the preferred risk allocation (Risk allocated to public sector, private sector and shared between parties) from the private sectors’ perspective. The respondents were requested to rank the importance of the identified risk categories according to the five point Likert scale in PPP projects. In addition, they were also requested to indicate their preferred risk allocation. The results show that seven out of the twelve risk categories were found to be critical. The seven critical risk factor categories are: (1) Macroeconomic Risk; (2) Political and Government Policy Risk; (3) Relationship Risk; (4) Construction risk; (5) Legal Risk; (6) Project Finance Risk and (7) Design Risk. Majority of risks are mainly in the macro-level risks (risks external to the project itself). On top of that, it was found that most of the macro-level risks were preferred to be allocated to the public sector, whereas most of the meso-level risks were preferred to be allocated to the private sector. Micro-level risks were mainly preferred to be shared between the public and private sector. By identifying the risk factors and preferred risk allocation, the private sector can better manage and cope with the risks found in PPP projects. Also, the findings from this study should enable the private sector to establish a quick identification of major/critical risks and the most efficient risk allocation framework in the early stages of project development. Keywords: PPP projects, Criticality of Risk, Preferred Risk Allocation
URI: https://scholarbank.nus.edu.sg/handle/10635/220119
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Gay Jiang Shu Mindy 2010-2011.pdf1.03 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

14
checked on Feb 2, 2023

Download(s)

6
checked on Feb 2, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.