Public private partnership projects have been adjudged to contain more risks than traditionally procured projects due to more number of parties involved and their varying interests. These risks affect the achievement of projects objectives and therefore need to be identified and treated to guarantee project success. This paper developed a life cycle framework for managing risks in PPP housing projects in Nigeria. The respondents were selected using purposeful sampling technique. The data used for the study were obtained through semi-structured questionnaire and were analysed using mean rating. Risk transfer was found to be the widely used measure for responding to risks in PPP housing projects. The criteria mostly used for risk allocation were party with the best ability to manage specific risks should they occur and ability of the party to foresee risks. A four-stage life cycle framework was developed, evaluated and validated by experts in the built environment to ascertain its reliability. The framework is recommended for PPP housing projects in Nigeria.
If the inline PDF is not rendering correctly, you can download the PDF file here.
Abd-Elkawy A. A. M. (2017). Principles of Public Private Partnership Approach for Providing Sustainable Social Housing Projects in New Egyptian Cities (Case Study: Experience of Orascom Social Housing Project in 6 October City. International Journal of Community and Cooperative Studies 5(1) 1-21.
Abdullahi A. (2014). The politics of public housing policies in Nigeria: a case study of PPP in Sokoto State. Unpublished doctoral thesis Usman Danfodio University Sokoto.
Adeleke A. O. Bahaudin A. Y. Kamaruddeen A. M. Bamgbage J. A. Salimon M. G. Waris M. and SaooShian S. (2018). The Influence of Organisational External Factors on Construction Risk Management among Nigerian Construction Companies. Safety and Health at Work 9 115-124.
Ahmad U. Ibrahim Y. and Minai M. S. (2018). Malaysian Public Private Partnership: Risk Management in Build Lease Maintain and Transfer Projects. Cogent Business and Management 5 1-25.
Akintoye A. McIntosh G. and Fitzgerald E. (2000). A survey of supply chain collaboration and management in the U.K. construction industry. European Journal of Purchasing and Supply Management 6 159-168.
Awodele O. A. (2012). Framework for Managing Risk in Privately Financed Market Projects in Nigeria. Unpublished Thesis in Construction Management School of the Built Environment Heriot-Watt University.
Awodele O. A. Ogunlana S. O. and Motawa I. (2009). Managing risks in privately financed market project: a case study. A paper presented at the Scottish International Conference of Postgraduate Researchers of the Built and Natural Environment Glasgow Scotland.
Bao F. Chan A. P. C. Chan C. and Darko A. (2018). Review of Public Private Partnership Literature - A Project Life Cycle Perspective. Journal of Infrastructure System 24(3) 1-12.
Canadian Council for Public Private Partnership. (2011). Public private partnerships: a guide for municipalities. Canada.
Capital A. (2010). Public private partnerships - the answer to Nigeria’s infrastructure problems? How We Made in Africa. Retrived from http://www.howwemadeitinafrica on December 12 2016
Carbonara N. Costantino N. Sciancalepore R. and Pellegrino F. (2011). Risk Management in PPP: Real Option Theory. Symposium: Public Private partnerships in Transport: Trends & Theory - Research Roadmap.
Chileshe N. and Yirenkyi-fianko A. B. (2011). Perceptions of threat risk frequency and impact on construction projects in Ghana: opinion survey. Journal of Construction in Developing Countries 16(2) 115-149.
Dada J. O. and Jagboro G. O. (2007). An Evaluation of the Impact of Risk on Project Cost Overrun in the Nigerian Construction Industry. Journal of Finance Management of Property and Construction 12 37-44.
El-Sayegh S. M. (2007). Risk Assessment and Allocation in the UAE Construction Industry. International Journal of Project Management 26 431-438.
Jin X. H. (2009). Allocating risks in public private partnerships using a transaction cost economics approach: a case study. The Australian Journal of Construction Economics 9(1)19-26.
Karim N. A. A. (2011). Risk Allocation in Public Private Partnership (PPP) Project: A Review on Risk Factors. International Journal of Sustainable Construction Engineering and Technology 2(10 8-16.
Kurniawan F. (2013). An Integrated Project Evaluation Tool for Public Private Partnership Projects. Doctoral dissertation School of the Built Environment Heriot-Watt University.
Maslova S. V. and Sokolov M. Y. (2017). Risk Management in Public Private Partnership Housing Project in Health Care. Application of Current Approach and its Improvement. Academy of Strategic Management Journal 16(4) 1-17.
Mu R. (2008). Public Private Partnerships and the Management of Expressways in China: An Agency Theory Approach. Engineering and Analysis. The Netherlands: Delft University of Technology.
Napierala T. (2014). How can we determine the sample size from unknown population? Researchgate: Tylor’s University. Retrieved on August 8 2018 from https://www.researchgate.net
Ng A. and Loosemore M. (2007). Risk allocation in the provision of public infrastructure. International Journal of Project Management 25(1) 66-76.
Ojo G. K (2010). An assessment of the construction site risk-related factors. Proceedings of the 40th Annual General Meeting/Conference of the Nigerian Institute of Building 9-4.
Pohle T. and Girmscheid G. (2007). Risk Management in PPP Maintenance Projects of Communal Street Networks. CIB World Building Congress 2007 Cape Town South Africa 75-87.
Quartey J. E. (1996). Development projects through build-operate schemes: their role and place in developing countries. International Journal of Project Management 14(1) 47-52.
Smith N. J. (2003). Appraisal Risk and Uncertainty (Construction Management Series). London UK: Thomas Telford Ltd.
Tipili L. G. and Ilyasu M. S. (2014). Evaluating the impact of risk factors on construction project cost in Nigeria. The International Journal of Engineering and Science 3(6) 10-15.
Ward S. C. and Chapman C.B. (1995). Risk Management Perspective on the Project Life Cycle. International Journal of Construction Management 13(3) 145-149.
Zou X. W. Wang S. and Fang D. (2008). A Life-Cycle Risk Management Framework for PPP Infrastructure Projects. Journal of Fianacial Management of Property and Construction 13(2) 123-142.
Zou X. W. Zhang G. and Wang J. Y. (2014). Identifying the Key Risks in Construction Projects: Life Cycle and stakeholde Perspective. International Journal of Construction Management 9(1) 1-14.