Risk Management in Public-Private Partnerships

Public-Private Partnerships (PPP) are a channel for the public sector to seek alternative funding and expertise from the private sector. However, they can be at risk of corruption. This book explores the vulnerability of PPP models and corruption risk, discusses potential control mechanisms, and emphasizes the importance of good governance for PPP. It proposes strategies and solutions to overcome the limitations and challenges of the current approach.

Format: Paperback / softback
Length: 348 pages
Publication date: 30 June 2022
Publisher: Taylor & Francis Ltd

A Public-Private Partnership (PPP) is a strategic collaboration between the public sector and the private sector that enables the procurement of public infrastructure through alternative funding and expertise. Governments worldwide have embraced PPPs as a means to deliver essential goods and services, recognizing their potential to enhance efficiency and effectiveness in infrastructure development. However, like any public procurement, PPPs are susceptible to corruption risks.

This comprehensive book delves into the fundamentals of PPP and the complexities involved in the PPP process. It explores the vulnerability of different stages of PPP models and the corruption risks associated with them, drawing upon contract theory, principal-agent theory, and transaction cost economics. The book also discusses potential control mechanisms to mitigate these risks.

Furthermore, the book emphasizes the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. These PRM principles and procedures provide a framework for managing risks and ensuring transparency and accountability in PPP projects.

In conclusion, this book offers valuable insights into PPP and its potential to contribute to sustainable infrastructure development. It provides a comprehensive examination of the challenges and risks associated with PPP, as well as strategies and solutions to overcome them. By promoting good governance and implementing effective project risk management practices, PPPs can become a powerful tool for delivering public services in a sustainable and corruption-free manner.

Weight: 640g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367630829