An Attempt to Apply Vulnerability for Quantifying Risks in Public Private Partnership Projects

Tielan Teng (), Qiming Li (), Jingfeng Yuan () and Xiaopeng Deng ()
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Tielan Teng: Southeast University
Qiming Li: Southeast University
Jingfeng Yuan: Southeast University
Xiaopeng Deng: Southeast University

Chapter Chapter 65 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 799-808 from Springer

Abstract: Abstract To cope with the complexity and dynamic characteristic of risks in PPP infrastructure projects, this paper attempts to incorporate the notion of vulnerability into traditional risk process. The fundamental definitions and framework of risk vulnerability process for PPP infrastructure projects are proposed to describe the formation mechanism of risks, by which a generic methodology is derived to quantify the vulnerability and the risks in PPP projects. Integrated vulnerability management into risk management process may help the decision maker to identify the weakness of a project system and take action to mitigate identified vulnerabilities aiming to reduce the risk consequence.

Keywords: Public private partnership; Vulnerability; Risk process; Risk event; Risk consequence (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_65

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DOI: 10.1007/978-3-662-46994-1_65

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