2.2.1  MAJOR CATEGORIES OF PROJECT RISKS

There are four categories of project risks that align and occur within the different stages of the PPP project life. These are: (1) general risks, (2) pre-commissioning risks, (3) post-commissioning risks, and (4) project lifetime risks.

Construction is often identified as being the riskiest phase of most PPP projects, while most risks tend to taper towards the latter part of a PPP project's lifetime.

Figure 2-5: PPP Project Stages and Corresponding Risks