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Risk Analysis In Public Private Partnership Road Project Using Gtopsis

Author(s):

Rohan C Patil , MVPS's KBTCOE, Nashik, Maharashtra, India; Vaishali R Bhagwat, MVPS's KBTCOE, Nashik, Maharashtra, India; Tanuja S Borse, MVPS's KBTCOE, Nashik, Maharashtra, India; Neha A Jadhav, MVPS's KBTCOE, Nashik, Maharashtra, India; Kalyani V Suryawanshi, MVPS's KBTCOE, Nashik, Maharashtra, India

Keywords:

Public Private Partnership, Built Operate and Transfer, Hybrid Annuity (HAM), Stakeholders, Rating Methodology, Group Technique for Order Preference by Similarity to Ideal Solution (GTOPSIS)

Abstract

With an increase in demand for infrastructure in India which actually contributes to the economic as well as the overall development, there is huge certainty for accumulation or entering the project into risk. Existing models for PPP of roads such as Built Operate and Transfer (BOT) and Hybrid Annuity (HAM) model are not the exception ones. Identification of risks on field is bit a tougher job as limitation in data availability and making the risks quantitative from qualitative becomes much more difficult because of no factors of judgment are available. There seems a way of light if some rating methodology is developed to deal with conversion so that the analysis can be done using quantitative data generated. The research adopts an integrated approach to prioritize risks using group technique for order preference by similarity to ideal solution (GTOPSIS). The analysis can help improve the understanding of implications of specific risk factors on project completion time and cost. This enables the project manager to devise a suitable strategy for risk response and mitigation.

Other Details

Paper ID: IJSRDV11I40098
Published in: Volume : 11, Issue : 4
Publication Date: 01/07/2023
Page(s): 210-219

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