The Identification and Management of Risks

Felix I. Lessambo ()

Chapter Chapter 7 in International Project Finance, 2022, pp 65-80 from Springer

Abstract: Abstract Risk management in PPP is about proactively working with project stakeholders to minimize the risks and maximize the opportunities associated in project decision. Risk allocation is one of the crucial factors for risk management and PPP. The importance of it is, it would help the public and private sectors achieve a balanced distribution of responsibilities. PPP risks vary depending on the country where the project is implemented, the nature of the project, and the assets and services involved. Nonetheless, certain risks are common to many types of PPP projects. Risks should be allocated to the party best able to understand a risk, control the likelihood of the risk occurring, and/or minimize the impact of the risk should also be responsible for managing it.

Date: 2022
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DOI: 10.1007/978-3-030-96390-3_7

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