Risk management of public-private partnership
DOI:
https://doi.org/10.21847/1728-9343.2013.5(125).18952Keywords:
public-private partnership (PPP), risks, risk management, risk matrixAbstract
This article is devoted to the problems of risk management of public-private partnerships. The author identifies five stages of the risk management process characterized by PPP and the whole cycle of the process. Particular attention is given in the article categories of risks of public-private partnership and a key factor in their evaluation. In addition, emphasis is placed on the methods of assessment of probability and consequences of risks, as well as sources of information about them. The article outlines the main steps in the order determining the allocation of risks between the project partners. The author proposes the use of a matrix of risk PPPs. The essence of the proposed matrix is the need to identify the range of risks that can arise at each phase of the project of public-private partnership, set out the best positions of the parties with respect to their distribution, are summarized in tabular form.
References
Головатенко О. С. Ризики та напрями їх подолання при розвитку державно-приватного партнерства у житлово-комунальному господарстві / О. С. Головатенко // Науковий вісник Академії муніцип. управління. - К., 2008. - Вип. 2 (4): Державне та муніципальне управління. - С. 264-270.
Піроженко Н. В. Проблема управління ризиками, що пов'язані з державно-приватним партнерством, в довготерміновій перспективі / Н. В. Піроженко // Сучасна регіональна політика: освіта, наука, практика. - 2011. - Т. 2. - С. 91-92.
Furnell C. Risk identification and risk allocation in project finance transactions / C. Furnell. - The University of Melbourne, May 2000. - Р. 1.
Quiggin J. Risk, PPPs, and the Public Sector Comparator / J. Quiggin // Australian Accounting Review. - 2004. - 14 (2). - Рр. 51-61.
Wright Brian D. Public Insurance of Private Risks: Theory and Evidence from Agriculture / Brian D. Wright // Government Risk-Bearing: Proceedings of a Conference Held at the Federal Reserve Bank of Cleveland, May 1991 / [ed. S. Mark]. - Boston : Kluwer Academic Publishers, 1993. - Рр. 45-65.
REFERENCES
Holovatenko O. S. (2008), Scientific Bulletin of the Academy of Municipal Management, Kyiv, Issue. 2 (4): State and municipal management, рр. 264-270 (ukr).
Pirozhenko N. V. (2011), Modern regional policy: education, science and practice, vol. 2, pp. 91-92 (ukr).
Furnell Chris (2000), Risk identification and risk allocation in project finance transactions, paper presented at the Faculty of Law, The University of Melbourne, May, p. 1.
Quiggin John (2004), Risk, PPPs, and the Public Sector Comparator, Australian Accounting Review, 14 (2), рр. 51-61.
Wright Brian D. (1993), Public Insurance of Private Risks: Theory and Evidence from Agriculture, in Mark S. (ed.), Government Risk-Bearing: Proceedings of a Conference Held at the Federal Reserve Bank of Cleveland, May 1991, Kluwer Academic Publishers, Boston, рр. 45-65.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2013 Illia Brailovskyi
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
1. Authors bear responsibility for the accuracy of facts, quotations, numbers and names used.
2. Manuscripts are not sent back.
3. The publisher does not always agree with the authors' opinion.
4. The authors reserve the right to authorship of the work and pass the first publication right of this work to the journal under the terms of a Creative Commons Attribution Non-Commercial License, which allows others to freely distribute the published research with the obligatory reference to the authors of the original work and the first publication of the work in this journal.
5. The authors have the right to conclude separate supplement agreements that relate to non-exclusive work distribution in the form in which it has been published by the journal (for example, to upload the work to the online storage of the journal or publish it as part of a monograph), provided that the reference to the first publication of the work in this journal is included.
