Abstract
Design and Development of a Risk Identification and Analysis Tool (RIAT) for Australian Public-Private Partnership Infrastructure Projects
Highlights
The recent history of failed and inefficient Public-Private Partnership (PPP) infrastructure projects across Australia, due to their inappropriate risk identification and analysis, suggests the need to rethink a more appropriate and robust mechanism that quantifies the risk and selects the optimal allocation of risk for all participants involved in a PPP project Australian Infrastructure Plan [1]
The desired ultimate outcome is the enhancement of the capability and accuracy of the decision-making process in PPP projects
A list of over 2000 potential survey respondents was constructed based on the core project stages of a PPP Project
Summary
The recent history of failed and inefficient Public-Private Partnership (PPP) infrastructure projects across Australia, due to their inappropriate risk identification and analysis, suggests the need to rethink a more appropriate and robust mechanism that quantifies the risk and selects the optimal allocation of risk for all participants involved in a PPP project Australian Infrastructure Plan [1]. Past studies and research have identified the need to improve the quality of decision making in PPP projects. The variability of risk management processes and the lack of lucid and systematic practices towards risk analysis and allocation have often proved to be the downfall of PPP projects in Australia Fischer [2]. The research aims to design and develop a computerized Risk Identification and Analysis Tool using Visual Basics Application (VBA) that would assist stakeholders of PPP’s in appropriately assessing and quantifying the risks inherent to such projects. The desired ultimate outcome is the enhancement of the capability and accuracy of the decision-making process in PPP projects
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