The Risk Identification Study On PFI Method Of Public Project

It is very important of public project construction for one country'development. The construction of public projects has traditionally been undertaken and financed with public funds, which brings strong financial burden to public sectors and induces inefficiency in management.Under this condition, PFI can solve the problem of the capital shortage and the management inefficiency in public investments as a new-type and private-financing project method in public service and public utility,and so it gets relatively rapid development in many developed country.But PFI project whose environment change and develop constantly is characteristic of large scale of investment,long life circle,many participants,and intricate risks. Some researches find the successful of PFI projects mostly depends on the risk identification and management. So, as a result, it is worthy of our research to risk identification.On the basis of former researches in this field, this paper aims to identify and discuss the significance of the types of risk variables in conjunction with the PFI different phase besed on PFI method and risk identification. Firstly, we establish our risk classification framework on the basis of other researches, after which a structured questionnaire was developed. Secondly, we establish a risk classification model based the results of questionnaire and mathematical model employing discriminant analysis was established to demonstrate the classification of risk variables in relation to the four PFI project phases. In general, this paper solves the following three questions: (1) to identify the risks associated with PFI projects in different phases ;(2) and study the significance of the risks associated with PFI projects in different phases; (3) to identify the risks which affect the development of PFI method in chinaTo achieve the above-stated objectives, two major procedures are involved: the development and implementation of a questionnaire survey and subsequent data analysis. In this dissertation, the subjects of our research are corporations in shannxi province. After receiving 55 data valid from 96 questionnaires, we conducted descriptive analysis and discriminant analysis by SPSS software. The empirical evidence of this research revealed as follows:(1) There are different siginificance of risks associates with PFI projects in different phases .The paper has investigated the significance of the different types of risks associated with the respective phases of the project process and appropriate action can be taken to account for different risks in different phases.(2) "Inadequate experience in PFI and inadequate authority in partnership" was found to be an extremely signicant risk in each PFI phase, which should be attention by all relative sectors.