As implied above, this research has two main objectives. The first is to examine how PPP operational phase partnership, risk and performance management practices can be improved to achieve better VfM outcomes. This will involve developing a generic conceptual integrating model intended to assist government decision-makers to allocate and make better use of public sector resources during the operational phase of PPPs that may have significant and / or long-term consequences for achieving strategic objectives using an integrated partnership, risk and performance management approach. This includes:
- Establishing and maintaining effective partnership relations between public and private partners;
- Identifying and managing public sector risks (both threat and opportunity risk); and
- Modifying (improving) and then maintaining service delivery performance standards of operators, and where appropriate, the oversight role of government or its delegates.
The second objective is to test the logic and sufficiency of the model by exposing it to industry practitioner review and comment.