Positive management of differences for risk reduction in BOT projects

This paper proposes a risk reduction strategy in winning and managing build–operate–transfer (BOT) concession through positive management of differences between enterprise stakeholders, proactive control of variation of critical risk factors and internal competency through strong and entrepreneurial...

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Bibliographic Details
Published in:International journal of project management 2000-08, Vol.18 (4), p.257-265
Main Authors: Yeo, K.T., Tiong, Robert L.K.
Format: Article
Language:English
Subjects:
Build operate transfer
Build–operate–transfer (BOT)
Methods
Negotiation strategy
Negotiations
Project management
Risk management
Risk reduction
Soft systems methodology (SSM)
Strategic planning
Studies
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Summary:This paper proposes a risk reduction strategy in winning and managing build–operate–transfer (BOT) concession through positive management of differences between enterprise stakeholders, proactive control of variation of critical risk factors and internal competency through strong and entrepreneurial leadership of consortium teams. The concepts and proposed procedures are derived from applying a relevant systemic approach to the real world of BOT concession and supported by cases. The systemic approach is a proactive process of problem defining and solving which can lead to a significant reduction in both business and project risks and enhanced performance.
ISSN:0263-7863
1873-4634
DOI:10.1016/S0263-7863(99)00018-6