Open AccessRisk Management In Public And Private Partnership IT Projects: An International Study
Author(s) -
Lise Préfontaine
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v4i4.3585
Subject(s) - general partnership , risk management , business , private sector , public–private partnership , political risk , public sector , process (computing) , politics , public relations , finance , risk analysis (engineering) , economic growth , political science , economics , economy , computer science , law , operating system
Managing public and private partnerships (PPPs) projects represents a major challenge. Fifteen case studies have been conducted in the United States, Europe and Canada to identify the most typical risks incurred in PPP projects supported by advanced IT. Results show the presence of two sources of risks: external risks linked to the environment and internal risks associated either with the project, with the participating organizations and with the collaboration process. At the external level, political risks appear most predominant whereas at the internal level, risks linked to the relational dynamic are mentioned the most. The study also reveals that, unlike the private sector, the public sector does not cope with risk using an economic logic.