{"title":"The Arm-wrestling Between Public and Private Partners: An Investigation of Critical Success Factors and Risk Allocation Preference in PPP Projects","authors":"Rafael Rossi Buzzetto, M. Monteiro de Carvalho","doi":"10.1080/10429247.2022.2131293","DOIUrl":null,"url":null,"abstract":"Abstract This study aims at investigating the public and private perspectives on both the critical success factors (CSFs) and risk factors (RFs) in large Public-Private Partnership (PPP) projects. It aims at analyzing how risk allocation occurs and its implications. A case-based research approach was applied, combining qualitative and quantitative analysis strategies. This research in-depth examines four large PPP projects in the Brazilian metro-rail sector. Dyadic archival and interview data were collected from public-private parties, including 34 interviews, and archival sources, such as contracts and reports. The results identify the critical success factors and risk factors in PPP projects in the transport sector. The analysis shows that public and private sectors pursue different critical success factors but converge on the risk factors. The most stressed risk factor is “corruption and bribery,” which reveal the corrupted context spanning in the studied projects. Finally, the conflict in perceptions shows an explanation of context-dependent aspects explored in the qualitative analysis.","PeriodicalId":54353,"journal":{"name":"Engineering Management Journal","volume":" ","pages":""},"PeriodicalIF":1.9000,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Engineering Management Journal","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/10429247.2022.2131293","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract This study aims at investigating the public and private perspectives on both the critical success factors (CSFs) and risk factors (RFs) in large Public-Private Partnership (PPP) projects. It aims at analyzing how risk allocation occurs and its implications. A case-based research approach was applied, combining qualitative and quantitative analysis strategies. This research in-depth examines four large PPP projects in the Brazilian metro-rail sector. Dyadic archival and interview data were collected from public-private parties, including 34 interviews, and archival sources, such as contracts and reports. The results identify the critical success factors and risk factors in PPP projects in the transport sector. The analysis shows that public and private sectors pursue different critical success factors but converge on the risk factors. The most stressed risk factor is “corruption and bribery,” which reveal the corrupted context spanning in the studied projects. Finally, the conflict in perceptions shows an explanation of context-dependent aspects explored in the qualitative analysis.
期刊介绍：
EMJ is designed to provide practical, pertinent knowledge on the management of technology, technical professionals, and technical organizations. EMJ strives to provide value to the practice of engineering management and engineering managers. EMJ is an archival journal that facilitates both practitioners and university faculty in publishing useful articles. The primary focus is on articles that improve the practice of engineering management. To support the practice of engineering management, EMJ publishes papers within key engineering management content areas. EMJ Editors will continue to refine these areas to ensure they are aligned with the challenges faced by technical organizations and technical managers.
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