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Books > Reference & Interdisciplinary > Communication studies
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Risk Management in Public-Private Partnerships (Hardcover)
Loot Price: R4,508
Discovery Miles 45 080
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Risk Management in Public-Private Partnerships (Hardcover)
Series: Routledge Advances in Risk Management
Expected to ship within 12 - 17 working days
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Public-Private Partnership (PPP) is a channel through which the
public sector can seek alternative funding and expertise from the
private sector to procure public infrastructure. Governments around
the world are increasingly turning to Public-Private Partnerships
to deliver essential goods and services. Unfortunately, PPPs, like
any other public procurement, can be at risk of corruption. This
book begins by looking at the basics of PPP and the challenges of
the PPP process. It then conceptualizes the vulnerability of
various stages of Public-Private Partnership models and corruption
risk against the backdrop of contract theory, principal-agent
theory and transaction cost economics. The book also discusses
potential control mechanisms. The book also stresses the importance
of good governance for PPP. It outlines principles and procedures
of project risk management (PRM) developed by a working party of
the Association of Project Managers. Finally, the book concludes by
proposing strategies and solutions to overcome the limitations and
challenges of the current approach toward PPP.
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