DEVELOPMENT OF RISK ANALYSIS MODEL IN PUBLIC PRIVATE PARTNERSHIP PROJECTS

Abstract

Multiple-Criteria Decision Analysis techniques are utilized for prioritizing, finding the stakeholder perception of the risk factors and determining the interrelationship between the main risk heads in PPP projects. Risk remedial measures are identified to mitigate the risks in PPP projects. The risk factors are modelled in Partial Least Square Structural Equation Modelling (PLS-SEM) to find their impact on PPP project performance. The study concluded that social, legal, financial and construction risks have a significant negative impact on project performance. The effects of social and legal risks on economic risk and political risk on financial risk are also significant.