PPP project risk relationships based on the interpretive structure model

Sheng, H; Liang, W; Wang, SQ; Ke, Y

PPP project risk relationships based on the interpretive structure model

Sheng, H Liang, W Wang, SQ Ke, Y

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Publisher:: Advanced Institute of Convergence Information Technology Research Center
Publication Type:: Journal Article
Citation:: Advances in Information Sciences and Service Sciences, 2013, 5 (9), pp. 618 - 627
Issue Date:: 2013-05-15

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Field	Value	Language
dc.contributor.author	Sheng, H	en_US
dc.contributor.author	Liang, W	en_US
dc.contributor.author	Wang, SQ	en_US
dc.contributor.author	Ke, Y https://orcid.org/0000-0003-3426-703X	en_US
dc.date.issued	2013-05-15	en_US
dc.identifier.citation	Advances in Information Sciences and Service Sciences, 2013, 5 (9), pp. 618 - 627	en_US
dc.identifier.issn	2233-9345	en_US
dc.identifier.uri	http://hdl.handle.net/10453/117151
dc.description.abstract	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.	en_US
dc.publisher	Advanced Institute of Convergence Information Technology Research Center	en_US
dc.relation.ispartof	Advances in Information Sciences and Service Sciences	en_US
dc.relation.isbasedon	10.4156/AISS.vol5.issue9.73	en_US
dc.title	PPP project risk relationships based on the interpretive structure model	en_US
dc.type	Journal Article
utslib.citation.volume	9	en_US
utslib.citation.volume	5	en_US
utslib.for	120201 Building Construction Management and Project Planning	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.issue	9	en_US
pubs.publication-status	Published	en_US
pubs.volume	5	en_US

Abstract:

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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http://hdl.handle.net/10453/117151