Risk Management and Governance for PFI Project ... - Title Page - MIT

List of Tables
Table 1: Types of PPP ...................................................................................................................................16
Table 2: Strength and Weakness of PPP Methods ........................................................................................17
Table 3: History of Law and Guideline of PFI ..............................................................................................26
Table 4: Process of PFI .................................................................................................................................27
Table 5: Number of Projects in Each Field (As of December 31, 2010).......................................................34
Table 6: Example of the Private Sector’s Ingenuity ......................................................................................40
Table 7: Risk Classification and Examples ...................................................................................................54
Table 8: Potential Risk Treatments ...............................................................................................................55
Table 9: The Statistics of Risk Allocation ....................................................................................................57
Table 10: Risk Allocation using Risk Allocation Cube Model .....................................................................60
Table 11: Potential Benefits and Disadvantages of PFI Contracts ................................................................71
Table 12: Evaluation Point of PFI .................................................................................................................73
Table 13: International Comparison of the Number of Legal Professionals and Civil Suits ........................83
Table 14: Tendering Systems for Public Works Implemented in Japan, US, and UK ..................................85
Table 15: Comparison between GCW and FIDIC ........................................................................................87
Table 16: PPA Laws and Private Sector Provision .......................................................................................92
List of Figures
Figure 1: Process Diagram of PFI .................................................................................................................27
Figure 2: Comparison of Public Works under Conventional Delivery Method and PFI ..............................28
Figure 3: Concept of VFM (in the Case of the Same Public Service Level) .................................................29
Figure 4: Concept of VFM (in the Case where the PSC is Equals to LCC) ..................................................30
Figure 5: General Project Scheme of PFI ......................................................................................................30
Figure 6: Changes in the Number of Projects and Project Costs (Cumulative Total) ...................................33
Figure 7: Increased Number of Projects and Project Costs ...........................................................................33
Figure 8: Percentage of Projects Classified by Facility Ownership ..............................................................35
Figure 9: Percentage of Projects Classified by Project Type ........................................................................35
Figure 10: The Scheme of Operation Rights (Concession System) ..............................................................37
Figure 11: The Method of Variable Service Fee ...........................................................................................50
Figure 12: Process of Risk Management from the Recognition to the Allocation ........................................55
Figure 13: Risk Allocation Matrix ................................................................................................................58
Figure 14: Risk Allocation Cube ...................................................................................................................59
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