ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS

The implementation of Public Private Partnership (PPP) initiatives in Malaysia aims to improve the delivery of infrastructure facilities and services for the public sectors. However, there are failure in financial risk due to lack of financial risk control between Government and SPV. This paper aims...

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Published in:Malaysian Construction Research Journal
Main Author: Ramli N.H.; Adnan H.; Ismail W.N.W.
Format: Article
Language:English
Published: Construction Research Institute of Malaysia 2021
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85129758018&partnerID=40&md5=1cae176a433030dbd96775243d9a3003
id 2-s2.0-85129758018
spelling 2-s2.0-85129758018
Ramli N.H.; Adnan H.; Ismail W.N.W.
ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
2021
Malaysian Construction Research Journal
35
3

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85129758018&partnerID=40&md5=1cae176a433030dbd96775243d9a3003
The implementation of Public Private Partnership (PPP) initiatives in Malaysia aims to improve the delivery of infrastructure facilities and services for the public sectors. However, there are failure in financial risk due to lack of financial risk control between Government and SPV. This paper aims to identify the financial risk in Public-Private Partnership (PPP) projects. The questionnaire was prepared in Google Form and sent at randomly 80 industry players experienced in PPP projects; however, only 66 questionnaires were answered with an 83 percent response rate. Based on the result and findings, most of the respondents are well experienced on financial risk management in the PPP projects. Risk management knowledge is essential in managing the financial risk on the PPP projects. In term of classification of financial risk, majority of the respondent agreed on the statement of construction cost overruns in PPP projects. It was found that risk analysis, identification and management to deal with uncertainty and unexpected event in term of scope, time, cost, and quality are proposed as the most agreed for financial risk management in PPP projects. The findings of this study may benefit practitioners to further improve financial risk in PPP and its source of financing towards successful PPP projects. © 2021, Construction Research Institute of Malaysia. All rights reserved.
Construction Research Institute of Malaysia
19853807
English
Article

author Ramli N.H.; Adnan H.; Ismail W.N.W.
spellingShingle Ramli N.H.; Adnan H.; Ismail W.N.W.
ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
author_facet Ramli N.H.; Adnan H.; Ismail W.N.W.
author_sort Ramli N.H.; Adnan H.; Ismail W.N.W.
title ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
title_short ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
title_full ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
title_fullStr ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
title_full_unstemmed ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
title_sort ASSESSING FINANCIAL RISK IN MANAGING PUBLIC-PARTNERSHIP (PPP) PROJECTS
publishDate 2021
container_title Malaysian Construction Research Journal
container_volume 35
container_issue 3
doi_str_mv
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85129758018&partnerID=40&md5=1cae176a433030dbd96775243d9a3003
description The implementation of Public Private Partnership (PPP) initiatives in Malaysia aims to improve the delivery of infrastructure facilities and services for the public sectors. However, there are failure in financial risk due to lack of financial risk control between Government and SPV. This paper aims to identify the financial risk in Public-Private Partnership (PPP) projects. The questionnaire was prepared in Google Form and sent at randomly 80 industry players experienced in PPP projects; however, only 66 questionnaires were answered with an 83 percent response rate. Based on the result and findings, most of the respondents are well experienced on financial risk management in the PPP projects. Risk management knowledge is essential in managing the financial risk on the PPP projects. In term of classification of financial risk, majority of the respondent agreed on the statement of construction cost overruns in PPP projects. It was found that risk analysis, identification and management to deal with uncertainty and unexpected event in term of scope, time, cost, and quality are proposed as the most agreed for financial risk management in PPP projects. The findings of this study may benefit practitioners to further improve financial risk in PPP and its source of financing towards successful PPP projects. © 2021, Construction Research Institute of Malaysia. All rights reserved.
publisher Construction Research Institute of Malaysia
issn 19853807
language English
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