Risk management: Awareness, Identification and Mitigation in Public Private Partnerships of Technical infrastructure Projects in Da Nang

Pham, Thi Trang; Phan, Cao Tho

doi:10.1109/gtsd.2018.8595510

Cited by 7 publications

(8 citation statements)

References 9 publications

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“…The topic of risk in PPP projects has become a very popular subject in recent years and is a much-discussed issue amongst all levels of industry and government. Many researchers have offered detailed PPP risk registers and assessed their relative importance, such as the United Nations Development Organization (UNIDO) (1996), Ozdoganm and Birgonul (2000), Zayed and Chang (2002), Hardcastle and Boothroyd (2003), Ke et al (2012), Sarvari et al (2014), Fayek and Omar (2016), Shrestha et al (2017), and Pham and Phan (2018). Some of the frequently adopted risk identification techniques reported in international construction management journals include checklist (Goh et al 2013;Marcelino-Sádaba et al 2014) and decision trees, as well as Delphi techniques, as demonstrated by Osei-Kyei and .…”

Section: Literature Reviewmentioning

confidence: 99%

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

Sarvari

Valipour

Yahya

et al. 2019

Administrative Sciences

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The complexity of public–private partnership (PPP) projects ensures that risks could emerge and spread in unpredictable ways if they are not well identified and managed. The emergence of PPP projects has brought major changes in the construction industry, the most notable being in procurement methods influencing risk allocation to private parties. Thus, it is crucial to have an effective risk management for public and private partners to eliminate or minimise risks. Formulating an effective risk management system is a crucial challenge faced by both of parties in order to minimise or optimise risks. The aim of this study was to investigate the process of risk identification of private partners in Malaysian PPP projects. Data were collected throughout a 2-month period using a survey with a sample of nine Malaysian companies engaged in PPP projects, and the survey results were analysed using mean scores. The findings indicate that due to a lack of knowledge and experience of Malaysian private partners in the risk identification process, a comprehensive database for risk identification is highly necessary for the private sector. Another issue emerging from the findings is that it may be reasonable to use a combination of risk identiﬁcation tools for PPP projects with a high level of complexity. The findings of the present study can greatly assist public and private partners to select the most appropriate tools for risk identification at the early stages of PPP projects.

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Section: Literature Reviewmentioning

confidence: 99%

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

Sarvari

Valipour

Yahya

et al. 2019

Administrative Sciences

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“…Maintain a good relationship with local government and higher officials Obtain insurance for political risks Include clauses for delays and additional payments in contract, which occur due to new rules or change in the law (Wang et al, 2000;Pham and Phan, 2018;Royer, 2000;Wang et al, 2004) Contractors and subcontractor issues…”

Section: Changes In Regulations and Lawsmentioning

confidence: 99%

“…Ensure that construction and operation are as per examination and concerned approving authority's expectation (Perera et al, 2009;Chan, 2011;Wang et al, 2004) Get third-party insurance for compensation to the general public and staff study and implement the local accident regulations stringently and effectively Adopt proper safety control program, management system, supervision, incentives and preventive measures mitigation measures Force majeure A party which fails to meet his contractual obligation due to force majeure must notify the other one within a reasonable time (Wang et al, 2000;Pham and Phan, 2018;Perera et al, 2009;Wang et al, 2004); Obtain local government guarantee to adjust tariff or extend concession period (for BOT projects) Insure all of the insurable force majeure risks Obtain local government's guarantee to provide financial help when needed Include delay clauses for a contingency plan in contract mitigation Table 5. IJESM 17,1 primary reasons for failure in oil and gas projects.…”

Section: Health and Safetymentioning

confidence: 99%

A review on prospective risks and mitigation for oil and gas projects: implication for Indian CGD companies

Rawat

Gupta

Rao

2022

IJESM

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Purpose This study aims to focus on identifying the business risks that cause a delay in the oil and gas projects and suggest the way forward toward the better development of the city gas distribution (CGD) sector in India by suggesting the appropriate mitigation strategies. Design/methodology/approach The study is a systematic review of literature on risks causing a delay in oil and gas projects. Comprehensive literature was carried out following a seven-step model to develop an exhaustive list of risk classifications and factors, risk identification methods and strategies to mitigate the risks. Weighted average ranking method is used to identify the top ten risks affecting oil and gas projects. Findings This research identifies the top ten risks frequently impacting the oil and gas projects, which are project cost, improper project management, change in economic parameters, currency exchange rate, government regulations and laws, contractor and subcontractors issues, lack of skilled labor, delay in approvals, health and safety issues and force majeure. These risks are primarily responsible for cost overrun and project delay. Additionally, this study recommends the implementation of joint risk management to avoid CGD project delay. Originality/value The CGD industry is in the growing stage with many projects under construction. However, there is a lack of research to manage risks in the CGD project. This study contributes to the limited literature available on risk management in oil and gas projects. Additionally, it highlights the need for further research to explore the different risks factors affecting the CGD business and its operations and subsequently develop appropriate mitigation strategies.

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“…• environmental pollution (Caparros-Midwood et al, 2019;Alam et al, 2019;Munoz-Pandiella et al, 2018;Kosheleva et al, 2018); • urban logistics (Nataraj et al, 2019;Firdausiyah et al, 2019;Bjørgen et al, 2019;Cleophas et al, 2019;Faramehr et al, 2019;Mesjasz-Lech, 2014;Tomaszewska & Florea, 2018); • technical infrastructure (Petrova & Prodromidou, 2019;Faramehr et al, 2019;Pham & Phan, 2018;Juget & Ryckewaert, 2018); • waste management (Bugge et al, 2019;Amritha & Kumar, 2019;Dlamini et al, 2019;Scorţar et al, 2010); • aging population (Jayantha et al, 2018;Fang & Lai, 2018;Onoda, 2018;Greenfield, 2018;Jarocka & Wang, 2018); • stratification of wealth levels, areas of poverty (Muktiali, 2018;Lanjouw & Marra, 2018;Ma et al, 2018;Aguilar & López, 2016); • low level of citizen participation in the management of public affairs (Mavrodieva et al, 2019;Sou, 2019;van Holm, 2019;de Castro Pena et al, 2017). Knowing the identified challenges and the expected increase in the number of urban residents around the world, there is an increasing need for new and innovative ways to manage the complexity of urban life.…”

Section: Literature Reviewmentioning

confidence: 99%

Smart city concept in the light of the literature review

Winkowska

Szpilko

Pejić

2019

Engineering Management in Production and Services

146

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A B S T R A C T Nowadays, the transformations of metropolises into smart cities is a crucial factor in improving the living conditions of the inhabitants. The goal of the smart city concept is modern urban management using technical tools that offer state-of-the-art technologies, considering the applicable ecological standards while saving resources and achieving the expected results. The purpose of this article is to identify the areas of research analysed in the international literature in the field of smart cities. The bibliometric analysis was carried out to achieve the purpose. The analysis covered publications on smart cities published in Scopus and Web of Science databases from January 2009 to May 2019. Based on the bibliometric analysis, a bibliometric map was developed using the mapping technique VOS -the visualisation of similarities. Original clusters were created using the VOSviewer software. The bibliometric map visualises the results of the analysis that targeted the word coexistence. K E Y W O R D S smart city, smart city subareas, bibliometric map

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Risk management: Awareness, Identification and Mitigation in Public Private Partnerships of Technical infrastructure Projects in Da Nang

Cited by 7 publications

References 9 publications

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

A review on prospective risks and mitigation for oil and gas projects: implication for Indian CGD companies

Smart city concept in the light of the literature review

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