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An Attempt to Apply Vulnerability for Quantifying Risks in Public Private Partnership Projects

In: Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Tielan Teng

    (Southeast University)

  • Qiming Li

    (Southeast University)

  • Jingfeng Yuan

    (Southeast University)

  • Xiaopeng Deng

    (Southeast University)

Abstract

To cope with the complexity and dynamic characteristic of risks in PPP infrastructure projects, this paper attempts to incorporate the notion of vulnerability into traditional risk process. The fundamental definitions and framework of risk vulnerability process for PPP infrastructure projects are proposed to describe the formation mechanism of risks, by which a generic methodology is derived to quantify the vulnerability and the risks in PPP projects. Integrated vulnerability management into risk management process may help the decision maker to identify the weakness of a project system and take action to mitigate identified vulnerabilities aiming to reduce the risk consequence.

Suggested Citation

  • Tielan Teng & Qiming Li & Jingfeng Yuan & Xiaopeng Deng, 2015. "An Attempt to Apply Vulnerability for Quantifying Risks in Public Private Partnership Projects," Springer Books, in: Liyin Shen & Kunhui Ye & Chao Mao (ed.), Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 799-808, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-46994-1_65
    DOI: 10.1007/978-3-662-46994-1_65
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