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Abstract
Abstract This research sought to determine how public–private partnership (PPP) arrangements can more efficiently address risk management issues using the example of Mozambique as a case study. Analyses of 15 interviews in this country were conducted using the Gioia methodology. The results indicate that integrating key risk indicators into PPP contracts can improve risk management. These measures have been widely used in company risk management. The indicators can serve as monitoring, reviewing and supervising tools, allowing the integration of external factors into PPP contracts at the right time, which is hard to predict when the contracts are signed. Key risk indicators can capture megatrends, track risk evolution and develop future scenarios throughout the entire lifecycle of contracts, preventing conflicts between partners, contract renegotiations or early contract terminations by facilitating an improved understanding of contracts' current realities. The findings suggest that these measures should be applied by PPP units. The proposed approach encourages originality and empirical research-based improvements of PPP risk management frameworks and provides guidelines for future studies.
Highlights
Promoting human development is high on the agendas of countries worldwide whose governments are expected to take actions to ensure their citizens have access to utilities services (Tortajada, 2014)
Fifteen private partnership (PPP) experts based in Mozambique were interviewed to clarify their opinions and address a single research question: How can key risk indicators improve the current risk management frameworks applied to PPP contracts in Mozambique and similar countries?
Create, implement, maintain and update a risk management framework during the PPP contract lifecycle, partners need to introduce the concepts of communication, consultation and monitoring into the framework
Summary
Promoting human development is high on the agendas of countries worldwide whose governments are expected to take actions to ensure their citizens have access to utilities services (Tortajada, 2014). Economic infrastructure projects that include facilities and services contributing to the achievement of economic development targets have increasingly attracted researchers’ interest (Marques et al, 2015; Cui et al, 2018). In this context, public–private partnership (PPP) arrangements have emerged as an interesting solution that can fill infrastructure gaps, especially in developing countries (Idelovitch & Ringskog, 1995). PPP contracts are long-term strategic alliances (Grimsey & Lewis, 2002). They are signed by public and private sector parties (i.e., finance and/or industrial contractors), with programmed payments over the lifecycle of
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