PPP project risk relationships based on the interpretive structure model
- Advanced Institute of Convergence Information Technology Research Center
- Publication Type:
- Journal Article
- Advances in Information Sciences and Service Sciences, 2013, 5 (9), pp. 618 - 627
- Issue Date:
Risk management is important for public-private partnerships (PPP). A clear comprehension about the relationships among the risk factors involved in PPP projects will be helpful to manage these risks more effectively. This article, firstly establishes a risk system involving 20 risk factors for PPP projects through identification of risk factors and analysis of the interrelationships between each pair of them, and then employs the interpretive structure model (ISM) system structure analysis method to analyse the risk system. Based on the analysis, this article proposes a risk system structural model showing the relations among all the 20 risk factors and, pursuant to the model’s characteristics, classifying them into three categories: dominating factors, transferring factors and indicating factors. The article finally proposes some suggestions on managing the risks in each category by considering their specific attributes.
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