The significant on risk factors for public private partnership (PPP) infrastructure projects in Malaysia

Abd Karim, Nur Alkaf (2015) The significant on risk factors for public private partnership (PPP) infrastructure projects in Malaysia. Masters thesis, Universiti Tun Hussein Onn Malaysia.

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Abstract

Risk plays an important role in project management, thus risks management is indeed a significant key issue in project management, even without exception for Public Private Partnership (PPP) project. Moreover, the identification and the management of risks are some essential aspects in PPP processes. In addition, due to the lack of PPP experience, as well as expertise in many countries and regions, identifying and managing risks are decisive to the success of PPPs. Therefore, in order to achieve the research aim, three objectives were outlined in this study; 1) To identify the common risks for PPP construction projects; 2) To determine risk ranking and significant risk factors for PPP infrastructure projects in Malaysia, and; 3) To determine the impact of the risk factors of PPP infrastructure project in Malaysia towards successful delivery. The scope of this study focused on the identification and the assessment of risk factors. Apart from that, data collection was carried out by using structured questionnaire, which was designed based on the findings from literature review. Besides, pilot study was conducted based on the opinions gathered from 11 experts involved in the construction industry, as well as PPP researchers, to improve the questionnaire. The questionnaire survey was carried out among both the public and the private sectors that were involved in the construction industry. A total of 36 sets of completed questionnaires were received. The data were analysed statistically with Risk Significance Index approach, and via Partial Least Square (PLS) Path Modelling. The findings retrieved from the Risk Significance Analysis showed that the five most significant risk factors are construction cost overruns, construction time delay, availability of skilled labour, corruption, and geotechnical conditions. Meanwhile, from from the PLS Path Modelling analysis, finance group give the highest variance value which is 0.506. Therefore, finance related risk factors give the impact towards PPP infrastructure project in Malaysia towards successful delivery. Furthermore, the Global Fit Index (GoF) of the model depicted 0.79, which meant that the developed model had enough explaining power in describing the causal relationship between the risk factor and the success of PPP. Hence, this study provide a broader view pertaining to the common risk factor as far as the Malaysian PPP infrastructure is concerned.

Item Type:Thesis (Masters)
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
ID Code:8966
Deposited By:Mr. Mohammad Shaifulrip Ithnin
Deposited On:14 Mar 2017 13:30
Last Modified:14 Mar 2017 13:30

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