eBook - ePub

Risk Management in Public-Private Partnerships

Name: Risk Management in Public-Private Partnerships
Author: Mohammad Heydari,Kin Keung Lai,Xiaohu Zhou,Zhou Xiaohu

332 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Risk Management in Public-Private Partnerships

About this book

Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms.

The book also stresses 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. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.

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Yes, you can access Risk Management in Public-Private Partnerships by Mohammad Heydari,Kin Keung Lai,Xiaohu Zhou,Zhou Xiaohu in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.