Business, Management and Accounting
2 years ago

Construction cost overruns pose major financial risk in PPP projects

IOP Conference Series Earth and Environmental Science
Financial Risk in managing Public-Private Partnership (PPP) Project
Nabila Huwaina Ramli, Hamimah Adnan, Har Einur Azrin Baharuddin, Nor Azmi Bakhary, Zul Zakiyuddin Ahmad Rashid

Paper Summary

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The article discusses financial risks in Public-Private Partnership (PPP) projects in Malaysia. A survey was conducted with 80 industry players, revealing that most respondents are experienced in managing financial risks in PPP projects. The main financial risk identified was construction cost overruns. Risk analysis, identification, and management were highlighted as crucial for dealing with uncertainties in scope, time, cost, and quality. The study suggests that improving financial risk management in PPP projects can lead to successful outcomes.