Critical Success Factors (CSF's) for 3P's [Public, Private Partnership]
Subtitle: Infra Structure Projects in Developing Countries
Publisher: Alvin's Publishing House
Published: April 21, 2019
Place of publication: NewYork
Language: eng
Format: Paperback
Number of pages: 119
ISBN-13: 9780359175550
Copyright date: 2019
Description: P3 Procurement is considered to be complex in Pakistan due to the presence of diverse geographical and social behavior across the country and lack of P3 experience and knowledge by the government officials and private sector dealing with the involvement of heavy capital over the long duration with the achievement of different interests by various stakeholders. Therefore, for the successful implementation of P3 projects across the country without disputes and losses during concession period, reliable and effective risk management is needed at all levels during the initial phase of the P3 project and very few empirical studies have been carried out to address this important issue.
Table of contents: title: Table of Contents………………...……………………………………….…........09; title: List of Abbreviation……………………………………………………...……….12; title: List of Table…………………………………………………….…..…...................13; title: List of Figure…………………………………………………………....................14; title: Acknowledgement…...………………………………………………..………..…15; title: Abstract…………….……………………………………………….…………....16; title: CHAPTERS; title: INTRODUCTION ......................................................................................1; title: 1.2 Sustainable Economic & Social Development .................................................. 4; title: 1.3 Complexity of Problem ................................................................................... 4; title: 1.4 Learning Objectives ......................................................................................... 5; title: 1.5 Scope of this Book .......................................................................................... 6; title: 1.6 Structure of Building ....................................................................................... 6; title: 1.7 Summary ......................................................................................................... 6; title: LITERATURE REVIEW .............................................................................8; title: 2.1 Introduction .................................................................................................... 8; title: 2.2 Definition of P3 ............................................................................................ 12; title: 2.3 P3 Projects in Europe .................................................................................... 13; title: 2.4 P3 Projects in China ...................................................................................... 15; title: 2.5 P3 Projects in India ....................................................................................... 18; title: 2.6 P3 in Pakistan ................................................................................................ 24; title: 2.7 Types of P3 ................................................................................................... 30; title: 2.7.1 Service Contracts. ....................................................................................... 30; title: 2.7.2 Operation and Management Contracts........................................................ 31; title: 2.7.3 Lease/ Purchase.......................................................................................... 31; title: 2.7.4 Concession. ................................................................................................ 32; title: 2.7.5 Build Operate and Transfer (BOT). ............................................................ 32; title: 2.7.6 Private Divestures. ...................................................................................... 33; title: 2.8 Assessment and Allocation of P3 Constructional Risks .................................. 34; title: 2.8.1 Definition of Risk ....................................................................................... 34; title: 2.8.2 Risk in P3 Constructional project ................................................................ 36; title: 2.9 Risk Assessment ............................................................................................ 38; title: 2.10 Risk Allocation ............................................................................................ 39; title: 2.11 P3 Risk Types .............................................................................................. 42; title: 2.11.1 Political Risks. ........................................................................................... 45; title: 2.11.2 Constructional / Management Risks. ........................................................ 47; title: 2.11.3 Financial Risk. ........................................................................................... 50; title: 2.11.4 Operational / Transfer Risks..................................................................... 52; title: 2.11.5 Legal Risks. ............................................................................................... 54; title: 2.11.6 Relationship Risks. .................................................................................... 56; title: 2.11.7 Natural / Social Risks. .............................................................................. 57; title: 2.12 Summary ..................................................................................................... 59; title: RESEARCH METHODOLOGY ..............................................................59; title: 3.1 Introduction .................................................................................................. 59; title: 3.2 Identification of Risks ................................................................................... 60; title: 3.3 Sample Size ................................................................................................... 60; title: 3.4 Sample Composition ..................................................................................... 61; title: 3.5 Design of Questionnaire ................................................................................ 62; title: 3.6 Risk Rating .................................................................................................... 63; title: 3.7 Pilot Study ..................................................................................................... 63; title: 3.8 Data Collection ............................................................................................. 64; title: 3.9 Data Analysis Strategy ................................................................................... 67; title: RESULT ANALYSIS AND DISCUSSIONS .............................................69; title: 4.1 Introduction .................................................................................................. 69; title: 4.2 Measurement of Normality of Data ............................................................... 69; title: 4.3 Measurement of Reliability of Data (Non-Parametric) ................................... 69; title: 4.4 Measurement of Level of Agreement Among various Groups ....................... 70; title: 4.5 Comparison of Risk Rankings among Various Provinces / Parts ................... 71; title: 4.6 Comparison of Risk Rankings among Public, Private and Academic Sectors . 76; title: 4.7 MANN- WHITNEY U Test ......................................................................... 79; title: 4.8 Preferred Risk Allocation of P3 Constructional Projects of Pakistan ............ 82; title: 4.9 Risks to be allocated to Public Sector ............................................................ 85; title: 4.10 Risks to be allocated to Private Sector.......................................................... 85; title: 4.11 Risks to be shared by Public and Private Partners ........................................ 87; title: 4.12 Differences in risks perception by different provinces ................................. 88; title: CONCLUSION AND RECOMMENDATIONS ......................................92; title: 5.1 Review of Research Objectives ...................................................................... 92; title: 5.2 Conclusion ................................................................................................... 93; title: 5.3 Recommendations ........................................................................................ 96; title: 5.4 Knowledge Contribution .............................................................................. 98; title: 5.6 Recommendations for Future Research ......................................................... 99