Research on the Differences between Risk-Factor Attention and Risk Losses in PPP Projects

Abstract

Public–private partnership (PPP) project risk management through risk-factor attention has been widely studied for a long time; however, it remains unknown whether the attention degree of risk indicators corresponds to their loss degrees. This study investigated the difference between risk-factor attention and losses in PPP projects by utilizing text mining, questionnaire survey, fuzzy comprehensive evaluation, and importance-performance analysis methods (IPA). The results show a surprising attention-loss phenomenon: some factors attract more attention but bring fewer losses; other factors attract less attention while causing more losses. The research findings provided valuable references not only for PPP project managers but also for further studies on the risk management of PPP projects.