• 한국건설관리학회논문집
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• 제18권3호
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• pp.84-94
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• 2017

국내건설시장의 불확실성과 해외 EPC도급 사업의 수주 경쟁력 약화로 인해, 국내건설기업의 해외개발사업에 대한 관심은 최근 크게 증가하고 있다. 해외개발사업을 수주하기 위해서는 오랜 준비기간과 판매비용이 투입되기 때문에 사업발굴초기에 수주까지 달성할 수 있는 사업을 선별하는 것은 의사결정자에게 매우 중요하다. 하지만, 기존 연구는 사업초기단계보다는 사업개발 전체단계 관점의 타당성평가가 대부분이었다. 따라서 본 연구에서는 31개 해외개발사업을 대상으로 사업발굴단계의 사업추진역량, 상업적 조건, 비상업적조건, 전략 및 공익성의 28개 의사결정요소와 사업수주 성공/실패의 관계를 분석하였다. 이를 통해 다음과 같은 결론을 도출할 수 있었다. 첫째, 입찰형 사업과 제안형 사업의 리스크는 다소 다르며, 제안형 사업이 대체적으로 리스크가 크기 때문에 보다 나은 사업추진역량과 금융조건을 필요로 한다. 둘째, 사업발굴단계 이후에도 개선이 쉽게 되지 않는 사업추진역량의 중요도가 높다고 분석되었다. 셋째, 상업적 조건의 경우, 사업발굴단계에서는 판단하기 어려운 부분이 있으나 수주가능성을 판단하는데는 유의미하게 중요한 요인으로 평가되었다. 넷째, 비상업적 조건과 전략 및 공익성은 사업발굴단계의 수주가능성 예측에는 유의미한 변수로 평가되지는 않았다. 본 연구는 해외개발사업의 수주가능성을 발굴단계 초점을 맞추어 실제 프로젝트를 기반으로 실증적으로 분석했다는데 의의가 있다.

• 국제학술발표논문집
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• The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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• pp.474-479
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• 2011

With Beijing's success in bidding for the 2008 Olympic Games, the increasing demand for infrastructure development and reduced public sector funding capacity has created a significant funding gap which calls for alternative project delivery methods such as Public-Private Partnership (PPP). Although the exploration of infrastructure projects using PPP model have been practiced since the late 80s, the $560 million National Stadium which served as the main venue for the Olympic Games is the first stadium project in China to be delivered under PPP operation. The project is generally considered successful despite the concession transfer in 2009 with concern of better serving the public interest. Compared to other infrastructure projects such as transportation, waste management and water management, the development of major sports facilities for mega-sports events with PPP has its own unique features and is subject to different major risks. This research identifies and analyzes critical risks in the implementation of PPP in major sports facility development through case study of the National Stadium project. A questionnaire survey and several interviews are conducted to solicit expert opinions from experienced practitioners. The purpose is to provide additional insights in risk management strategies and opportunities in China's PPP implementations in major sports facilities for policy makers and private sectors involved with investment decisions in future similar infrastructure development.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.996-1001
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• 2005

Today, government is no longer considered the sole provider of public works or services. Public-Private Partnership (PPP) has been recognized as an important approach to solving problems for governments in providing public works and services. However, the joint ownership of public works/services complicates the administration of PPP projects. Particularly, the fact that government may rescue a distressed project and renegotiate with the developer causes serious problems in project procurement and management. This paper aims to study when and how government will rescue a distressed project and what impacts government's rescue behavior has on project procurement and contract management. A game-theory based model for government rescue will be developed. This pilot study, the author hopes, may provide theoretic foundations to practitioners/policy makers for prescribing creative PPP procurement and management policies and for examining the effectiveness of PPP policies.

• 국제학술발표논문집
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• The 6th International Conference on Construction Engineering and Project Management
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• pp.381-385
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• 2015

This research aims to investigate critical factors of the government's role in achieving success in Public Private Partnership (PPP) toll road projects in Indonesia according to government and private sectors' perceptions. A preliminary interview Subsequently a questionnaire survey was also conducted involving 143 respondents across the two sectors from eight operating toll were five critical factors of the government's roles in achieving success in PPP toll road projects, namely; "Active involvement in overall project stage activities", "Establishment of good bureaucracy", "Provision of conducive environment", "Appropriate project planning and competitive tendering" and "Provision of appropriate government support and supervision". This research finding is expected to assist the government in defining clear roles and underlying responsibilities in development of PPP toll roads in Indonesia.

• 한국중재학회지:중재연구
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• 제31권2호
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• pp.47-76
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• 2021

India is one of the fast growing country in the world. For the acceleration of economic growth of India, it is indispensable for Indian government to construct infrastructure, such as railroad, airport, harbor, power plant, and water management system. For example, Modi, prime minister of federal government of India proclaimed that Indian government plans to construct 100 smart cities in 2015. In recent times, India is expected to be the largest recipient of Public-Private Partnership(PPP) type projects in the world. Owing to PPP, it is possible for India to pursue her objective to transform the whole economy into digital economy beyond agricultural society. One of major problem related with implementation of PPP type projects is the growth of disputes concomitant to the rising phenomena of PPP type projects in order to build infrastructure in India. Because of this, non-negligible number of projects has been cancelled during last two decades. This study investigates seven failure cases of PPP in India. Those include Nabi mumbai airport, Dabhol power plant, Munbai water project, and Kolkata subway project. Main types of dispute resolution are mediation or conciliation, dispute review board, arbitration, expert adjudication in PPP.

• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.729-738
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• 2007

The Public Private Partnership/Private Finance Initiative (PPP/PFI) schemes have made the private sector become a major participant involved in the development of infrastructure systems along with the government. Due to more integrated efforts among project participants and longer concession period, PPP/PFI projects are inherently more complex and risky. It is therefore very important to proactively manage the risks involved throughout the project life cycle. Conventional risk management strategies sometimes ignore managerial flexibility in the planning and execution process. This paper starts with a revised risk management framework which incorporates the real option concept. Following the presentation of the framework, a new risk classification is proposed which leads to different ways of structuring options in a project according to the stage of the project life cycle. Finally, the paper closes by discussing other issues concerning option modeling and negotiation.

• 한국건설관리학회논문집
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• 제20권5호
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• pp.137-148
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• 2019

국제 투자개발사업 시장의 확대와 국내 내수 시장 축소로 해외투자개발사업에 대한 국내 건설기업의 관심이 증가하고 있다. 그러나 개발 단계를 거치며 많은 사업들이 사업 승인 또는 입찰에 도달하지 못하고 사업 개발에 실패하였다. 본 연구에서는 사업개발 실패를 야기하는 여러 가지 이유 중 사업참여자의 리스크 태도 차이로 인한 문제에 집중하였다. 건설투자자와 금융투자자의 리스크 태도를 분석하기 위하여 건설투자자 21인과 금융투자자 21인을 통해 동일한 리스크 상황에 대한 리스크 크기를 조사하였다. 81개 리스크 상황 중 58개에서 건설투자자가 금융투자자보다 동일한 리스크 상황에 대해 리스크 크기를 낮게 평가하여 risk-seeking 태도를 보였다. 통계적으로 유의미한 차이를 보인 9개의 리스크 요인에 대해서도 금융투자자가 건설투자자보다 리스크 상황의 심각성을 높게 평가하여 risk-averse 태도를 보였다. 본 연구 결과로 건설투자자와 금융투자자간 상호 리스크 태도 차이의 이해를 통해 투자개발사업의 성공적인 개발에 기여할 수 있을 것이다.

• 국제학술발표논문집
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• The 9th International Conference on Construction Engineering and Project Management
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• pp.83-90
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• 2022

Public-private partnerships (PPP) projects are becoming popular in both developed and developing countries due to their ability to access new financing sources and transfer certain project risks to the private sector. PPP has been an active research area where the concept of Critical Success Factors (CSF) is often discussed by researchers. This study aims to identify the CSFs for various PPP infrastructure projects that have been explored in previous CSF studies. This article reviewed the literature about CSF in PPP projects from the years 2002 to 2021, compared the findings of studies regarding the identified CSFs, and consolidated the CSFs that can be applied to various PPP infrastructure projects. The results showed that dominant research focused on general infrastructure, where CSFs can be applied to all infrastructure sectors rather than any specific sector. The most identified CSFs from the study are favorable and efficient legal frameworks, appropriate risk allocation and sharing, a robust and reliable private consortium, a competitive and transparent procurement process, and political support and stability. The findings from the study can provide an overview of CSFs that are relevant to specific PPP infrastructure sectors like building infrastructure, transportation, water, etc. as well as for general infrastructure. In addition, the results can also be used for further empirical analysis.

• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.694-703
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• 2007

This paper stems from information accumulated from extensive literature review, a pilot study and a formal interview for an ongoing research on housing privatization implemented by the government-linked companies in Malaysia. Through extensive literature review, issues pertaining to housing privatisation were identified. Expectations of public sector, outcome of housing privatisation and factors influencing such outcome have also been tentatively confirmed through pilot study and an ongoing postal survey. A formal interview with a project director of independent Public-private partnerships (PPP) organization in UK has also inspired some useful lessons for the local housing industry. Different modalities of PPP from various countries show that while housing privatization pose several problems, mitigating them is possible through appropriate strategies.

• 국제학술발표논문집
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• The 5th International Conference on Construction Engineering and Project Management
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• pp.444-450
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• 2013

Public private partnership (PPP) procurement was introduced into Singapore in 2003, and 10 PPP projects was successfully completed and have been in operation. The objective of this study is to identify the critical risk factors and risk allocation preferences for PPP projects in Singapore. To achieve this objective, a comprehensive literature review was carried out and 42 risks were identified and grouped into three meta levels, i.e. macro, meso and micro levels. The questionnaire survey produced 48 completed questionnaires from 48 different contractors. The survey results indicated that 23 risk factors had significantly high criticalities and that four macro-level risks, four meso-level risks and two micro-level risks were among the top 10 risk ranking. "Lack of support from government", "availability of finance" and "construction time delay" were perceived as the top three critical risks. Also, the result implied that micro-level risks had a higher criticality mean score than macro-level and meso-level risks. The findings of this study help both public and private sectors to better understand the risks and their allocation in PPP projects, providing valuable information for organizations that intend to participate in PPP projects in Singapore.