Research on the Differences between Risk-Factor Attention and Risk Losses in PPP Projects
Publication: Journal of Construction Engineering and Management
Volume 149, Issue 9
Abstract
Public–private partnership (PPP) project risk management through risk-factor attention has been widely studied for a long time; however, it remains unknown whether the attention degree of risk indicators corresponds to their loss degrees. This study investigated the difference between risk-factor attention and losses in PPP projects by utilizing text mining, questionnaire survey, fuzzy comprehensive evaluation, and importance-performance analysis methods (IPA). The results show a surprising attention-loss phenomenon: some factors attract more attention but bring fewer losses; other factors attract less attention while causing more losses. The research findings provided valuable references not only for PPP project managers but also for further studies on the risk management of PPP projects.
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Data Availability Statement
All data, models, and code generated or used during the study appear in the published article.
Acknowledgments
This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.
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Published In
Journal of Construction Engineering and Management
Volume 149 • Issue 9 • September 2023
Copyright
© 2023 American Society of Civil Engineers.
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Received: Sep 8, 2022
Accepted: May 22, 2023
Published online: Jul 14, 2023
Published in print: Sep 1, 2023
Discussion open until: Dec 14, 2023
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