Research Data from Sichuan Agricultural University Update Understanding of Risk Management (Operational Risk Management of Public-Private Partnership Infrastructure Projects: A Bibliometric Literature Review): Risk Management
Insurance Daily News
2022 NOV 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on risk management. According to news reporting out of Dujiangyan, People’s Republic of China, by NewsRx editors, research stated, “Public-private partnerships (PPPs) are widely applied in the procurement of capital infrastructure, encompassing phases such as financing, design, construction, operation, and transfer.”
Funders for this research include National Natural Science Foundation of China; Sichuan Federation of Social Science Associations.
The news journalists obtained a quote from the research from Sichuan Agricultural University: “Of these, the operational phase of PPPs is particularly critical to project success given this is when revenues are generated, and costs recouped. However, the revenue stream will be exposed to numerous risks over the relatively long period of infrastructure operation. Management of PPP operational risk is therefore critical. Despite this importance, research dedicated to PPP operational risk management remains limited. Thus, this paper addresses this deficiency by systematically reviewing related studies and proposing an operational risk management framework. A qualitative bibliometric literature review is conducted on 60 papers pertinent to operational risk management, published across 12 peer review journals.”
According to the news reporters, the research concluded: “Findings reveal that the industry lacks a systematic operational risk factor list, while the impacts of risks are rarely considered when allocating operational risk factors, and moreover that the research on the selection and efficacy of operational risk management strategies remains undeveloped. This study reveals where further efforts in the research of operational risk management of PPP infrastructure projects could be more fruitfully applied.”
For more information on this research see: Operational Risk Management of Public-Private Partnership Infrastructure Projects: A Bibliometric Literature Review. Buildings, 2022,12(1905):1905. (Buildings - http://www.mdpi.com/journal/buildings). The publisher for Buildings is MDPI AG.
Our news editors report that additional information may be obtained by contacting Weiling Jiang, School of Architecture and Urban-Rural Planning, Sichuan Agricultural University, Dujiangyan 611830, People’s Republic of China. Additional authors for this research include Qianying Yang, Jie Jiang, Igor Martek, Fanjie Gao.
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