Building information modelling integration into Public-Private Partnership (PPP) risk management
Public Private Partnership (PPP) method has been applied in numerous countries for procuring infrastructures. It focuses on the cooperative arrangement between two or more public and private sectors which endeavor towards the life cycle of its project. Most of the PPP failures are resulted from the...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
2019
|
| Subjects: | |
| Online Access: | http://eprints.utm.my/id/eprint/81170/1/YongHuaSongMSKA2019.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Public Private Partnership (PPP) method has been applied in numerous countries for procuring infrastructures. It focuses on the cooperative arrangement between two or more public and private sectors which endeavor towards the life cycle of its project. Most of the PPP failures are resulted from the adjoining risks in the projects. Therefore, risk management is critical to ensure the success of projects. This research investigates the risk factors in PPP projects as well as the critical risk factors that influencing the effectiveness and efficiency of PPP implementation. In addition, the relative importance of BIM n-D functions and the relative importance of beneficial factors of integrating BIM for risk management in PPP has been investigated through a comprehensive literature review and a quantitative survey. The purpose of this investigation is to propose a strategic framework for BIM-based risk management in PPP. Data of the survey are collected from 36 PPP participants with extensive BIM experience in Malaysia. Each respondent is requested to assign an agreement of one-to-five rating for each of the critical risk factors of PPP, adoptable BIM n-D functions and the benefits of integrating BIM in PPP risk management identified from the literature review. The results of priority ranking of these factors indicate that only 7 PPP risk factors, 8 BIM n-D functions and 5 benefits of BIM integration in PPP risk management are regarded by the respondents from PPP industry in Malaysia. The application of the proposed BIM-based risk management framework can be used to monitor and control PPP projects’ risks and it will also enable PPP participants to consider the corresponding prevention and mitigation strategies. |
|---|