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Predicting Risks and Its Relation to Sustainable Development Goals: An Analysis from Public Procurement

Author

Listed:
  • Susana María Valencia-Rodriguez

    (Universidad Nacional de Colombia
    Institución Universitaria Pascual Bravo)

  • Miguel David Rojas-Lopez

    (Universidad Nacional de Colombia)

  • Silvana Ruiz-Moreno

    (Institución Universitaria Pascual Bravo)

Abstract

Public procurement, represented by the acquisition of goods and services, represents close to 12% of GDP worldwide by 2021. According to World Bank data, stopping wasteful public procurement could free up at least USD 1 trillion a year to put economies on the path to green, resilient and inclusive development. This reality makes necessary to incorporate technological measures to mitigate the risk associated with this lack of management and to guarantee that resources are executed in projects with a focus on reducing social gaps and promote Sustainable Development Goals (SDG). This research focuses on identifying the risks associated with public procurement and the technologies that support the forecasting, management and mitigation of these risks, and its impact on the social gaps reduction with a focus on the SDG.

Suggested Citation

  • Susana María Valencia-Rodriguez & Miguel David Rojas-Lopez & Silvana Ruiz-Moreno, 2025. "Predicting Risks and Its Relation to Sustainable Development Goals: An Analysis from Public Procurement," Springer Proceedings in Business and Economics,, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-72490-9_50
    DOI: 10.1007/978-3-031-72490-9_50
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