Abstract
AbstractThe governance risks, defined as the likelihood, impact, and manageability of stakeholders’ uncertain behavior, vary in different Private—Public Partnership (PPP) projects. While previous research focuses on project management risks in PPP project, such as quality risks, safety risks, cost risks, etc., only few addressed the governance risks that derived from the stakeholders and their governance relationships. The purpose of this study is to find the basic units that constitute the governance risks associated with PPP projects. The paper categorized the project stakeholders into four basic roles and established four basic project governance structures through different role combination. The project governance risks were identified by analyzing the project governance structure through Social Network Analysis (SNA), and this model was validated through a case study of a PPP project in China. This research provides a framework to support the decision-making process for PPP stakeholders by identifying the governance risks and providing guidance on how to mitigate these risks.KeywordsGovernance structureGovernance roleProject riskPPP project
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