Important Points That Public-private Partnership Firms Can Address
Public-private partnership consulting firms can help in mitigation of the overruns and help in scheduling delays that affect traditional infrastructure project delivery. They do this by delineating governance, integrating resources, allocating shared risks, establishing a life cycle and applying best practices. P3 can help address the following points. Unclear responsibilities When there is no clarity about project governance and decision making, there is a hindrance of effective project delivery. A public-private partnership can help in addressing this challenge by negotiating the performance standards, requiring the owner to document and so on. Poor alignment with strategy Implementation can be delayed or support can wane when projects aren’t backed by a robust and strategic commitment. The public-private partnership is thoroughly vetted and screened with a high degree of public visibility from a portfolio of potential investments. This results in project co