Study and prioritize the obstacles and challenges of risk management in building projects with public-private partnerships using Fuzzy FMEA

Abstract

Investment in construction industry is facing with many uncertainties. So, mass housing and its financing has been mostly performed by public sector. One of the mechanisms to finance in mass housing is the partnership of public-private that for its realization many challenges and obstacles have to be removed. Therefore, the research has been performed to the aim of study and prioritize the obstacles and challenges of risk management in building projects with public-private partnerships. To do so, library studies and survey method of research have been used. Statistical sample of the research includes faculty members and experts from among contractors, consultants, and employers active in the public-private sector partnership projects. After review and verification of questionnaire’s validity and reliability, answered questionnaires distributed among statistical samples have been collected and related data have been analyzed through fuzzy FMEA method. The research results showed that, from among the most important obstacles and challenges in implementing risk management in partnership projects of public-private sector, reference could be made to lack of knowledge and poor understanding of politicians and decision makers regarding concept of partnership between the two sectors, as well as time consuming and difficult procedure of acquisition and possession of lands required for construction projects to be performed upon partnership of public and private sectors and banks reluctance to invest in public-private partnership arrangements.

Keywords

• keywords:risk
• risk management
• building construction
• public private partnership
• fuzzy fmea