Risk management in large physical infrastructure investments: The context of seaport infrastructure development and investment

Maritime Economics and Logistics

Volumn 8, Issue 2, 2006, Pages 140-168

  Ho, Mun Wai ^a   Ho, Kim Hin ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

Author keywords

Infrastructure; Logistics and feasibility; Risk management; Seaport

Indexed keywords

EID: 33745790898     PISSN: 14792931     EISSN: 1479294X     Source Type: Journal    
DOI: 10.1057/palgrave.mel.9100153     Document Type: Article

References (86)

1. AFP. 1995: Samy Vellu urges government to agree to 33% hike in toll. In: The Business Times, 20th November, Singapore.
2. Ahmed, R and Donovan, C. 1992: Issues of Infrastructural Development: A Synthesis of the Literature. International Food Policy Research Institure. Washington, DC.
3. Almazan, A. 1996: Philippines in 492b-peso port upgrading plan. Business Times, 29 August 1996.
4. Almazan, A. 1996: Subic authority in no-win position. Business Times, 23 August 1996.
5. Anderson, SD. 1992: Project quality and project managers. In: International Journal of Project Management, Vol. 10, No. 3, August.
6. Ang, AHS and Tang, WH. 1995: Probability Concepts In Engineering Planning And Design.Volume 1 - Basic Principles. John Wiley &Sons: New York.
7. Arlt, WH. 1986: The treatment of uncertainty in port planning. HPTI - Hamburg Port Training Institute, GmbH, Hamburg.
8. Becker, HA and Van doorn, JW. 1987: Scenarios in an organisational Perspective. In: Futures, December.
9. Booker, JM and Bryon, MC. 1990: Decision Analysis In Project Management: An Overview. In: IEEE Transactions on Engineering Management, Vol. EM-32, No. 4, November 1990.
10. Borrone, LC. 1995: Ports are key to stable economies. In: VIA Port of New York - New Jersey. July/August 1995. p. 6.
11. Brevetti, F. 1996: Hutchison hungry for privatisation deals. Seatrade Review, September 1996.
12. Brigham, EF and Gapenski, LC. 1977: Financial Management - Theory and Practice. 6th Edn. The Dryden Press.
13. Brockington, RB. 1987: Financial Management. 4th Edn. DP Publications Ltd.
14. Cano A del. 1992: Continous project feasibility study and continuous project risk assessment. In: International Journal of Project Management, Vol. 10, No. 3, August 1992.
15. Carter, DE. 1982: Evaluating commercial projects. In: Research Management, Vol XXV, pp 26-30, 1982.
16. Chapman, C and Cooper, D. 1987: Risk Analysis for Large Projects, Models, Methods, and Cases. John Wiley &Sons.
17. Checkland, P and Scholes, J. 1990: Soft Systems Methodology in Action. John Wiley &Sons.
18. Clark, RC, Pledger, M and Needler, HMJ. 1990: Risk analysis in the evaluation of non-aerospace projects. Project Management 8, February 1990.
19. Elias, R. 1995: PSA in talks to manage new container port in Myanmar port. Business Times, 22 September 1995.
20. Elias, R. 1995: Singapore firm building Myanmar port. Business Times, 22 September 1995. Funtowicz, SO and Ravetz, JR. 1990: Uncertainty and Quality in Science for Policy. Kluwer Academic Publishers: Drodrecht.
21. Galai, A, Jones, L, Tandon, P and Vogelsang, I. 1994: Welfare consequences of selling public enterprises -An empirical analysis. Oxford University Press: Oxford (NUS: HD 3850 Wel).
22. Gray, T. 1996: European Maritme centres: wooing far east shipping lines. Business Times, 29 August 1996.
23. Hargitay, SE and Yu, S-M. 1993: Property Investment Decisions - A Quantitative Approach. E &FN SPON.
24. Harrision, IW 1973: Capital Investment Appraisal. McGraw-Hill.
25. Hertz, DB and Thomas, H. 1984: Risk Analysis and its applications. John Wiley and Sons: New York.
26. Higgins, B. 1959: Economic development. New York: Norton.
27. Hirschman, AO. 1958: Strategy of economic development. Yale University Press: New Haven, CN, USA.
28. Ho, KHD. 1994: An Econometric Model Simulating the Effects of Seaport Policy and National Economic Development in Singapore. Journal of Real Estate and Construction 4: 29-47.
29. Ho, MW. 1995: Castrol Singapore Pte. Ltd. Unpublished internal document of Jurong Town Corporation submitted to the Policy, Planning and Development Committee. 4 November 1995.
30. Ho, MW. 1994: Refurbishment and Upgrading of Berth J8 to J12 at Jurong Port. Unpublished internal document of Jurong Town Corporation. October 1994.
31. Ho, MW, Kallimassias, G and Kalogiannis, G. 1992: Proposed BEST PRACTICE Project Risk Management Unpublished master’s dissertation. School of Management, University of Lancaster, UK.
32. Ho, MW. 1999: Impact of new dockage charges. Unpublished internal document of Jurong Town Corporation. 21 August 1999.
33. Ho, MW. 1993: Jurong Port Business Plan, 1993-2004. Unpublished internal document ofJurong Town Corporation. October 1993.
34. Ho, MW. 1996: Roadlink to Southern Island. Unpublished internal document of Jurong Town Corporation. October 1996.
35. Hughes, D. 1996: Can general cargo ships survive the age of containerisation? Business Times, 26 June 1996.
36. Hughes, D. 1996: Singapore and HK both face competition for hub port status. Business Times, 22 July 1996.
37. Hull, JK. 1990: Application of risk analysis techniques in proposal assessment. Project Management 8, August, 1990.
38. Huseby, AB and Skogen, S. 1992: Dynamic risk analysis: the DynRisk concept. In: International Journal of Project Management, Vol. 10, No. 3, August 1992.
39. Jones, CV. 1991: Financial risk analysis of infrastructure deb: the case of water and power investments. Quorum Books.
40. Jones, CV. 1991: Financial risk analysis of infrastructure debt: the case of water and power investments. p. 10. Quorum Books.
41. JTC. 1994: Jurong Town Corporation internal documents and correspondances with the Auditor General’s Office. Filed under Audit Matters in the Jurong Port Registry.
42. Kagan, R. 1990: Patterns of Port Development. Research Report UCB-ITS-RR-90-13. University of California at Berkeley. Institute of Transportation Studies. October, 1990.
43. Kawasaki, K and Yoshikazu, Y. Overall concept of port planning. International Port Cargo distribution Associaiton of Japan.
44. Klammer, T. 1973: The Association of Capital Budgeting techniques with firm performance. In: Accounting Review. April, 1973. pp. 353-364.
45. Kobylarz, K. 1992: Captain Establishing of Departmen of Defense Program Management Body of Knowledge. In: Project Management Journal, Vol. XXIII, No. 1, March 1992.
46. Kudo, K. 1985: Implementation of Port development policy in Japan: Problems and countermeasures. In: Port Development Policy - Proceedings of a seminar-cum-study tour, Japan, October, 1984. ESCAP Port Development Series No. 7. United Nations.
47. Lewis, WA. 1955: Strategy of economic growth. London: Allen and Unwin.
48. Mac Donald, J. 1996: Load centres - How carriers driven concentration will affect concentration and ports. Lloyd’s List Maritime Asia. June 1996.
49. Markowitz, HM. 1959: Portfolio Selection - Efficient diversification of investments. John Wiley &Sons.
50. Mikkelsen, H. 1990: Risk Management in product development projects. In: ProjectManagement, Vol. 8, No. 4, November 1990.
51. Mustafa, MA and Al-Bahar, JF. 1991: Project Risk Assessment Using the Analytic Hierarchy Process. In: IEEE Transactions on Engineering management, Vol. 38, No. 1, February 1991.
52. Nicolo, E. 1993: Metaproject analysis: multiagent virtual project networks for strategic decisions in preplannin. International Journal of Project Management 11, November, 1993.
53. Nurske, R. 1953: Problems of capital formation in underdeveloped countries. New York: Oxford University Press.
54. PA Consulting Group &PA Cambridge Economic Consultants 1992: Global Trends 1992.
55. Peters, EE. 1991: Chaos and order in the capital markets - A New View of Cycles, Prices, and Market Volatility. John Wiley &Sons: New York.
56. Peters, HJ. 1996: Private Sector Involvement in East and Southeast Asian Ports - An Overview of Contractural Arrangements Paper presented at AsiaPort’96 held at Kowloon Shangri-la Hotel in Hong Kong from 16 September 1996 to 19 Septemer 1996.
57. Pinto, JK and Mantel Jr, SJ. 1990: The Causes of Project Failure. In: IEEE Transactions on Engineering Management, Vol 37, November.
58. Plymton, A and Brunker, D. 1992: Impediments to private provision of infrastructure. In: Occasional Paper 7, Private Provision of Economic Infrastructure, Conference papers and proceedings from the BIE infrastructure forum, Canberra 1-2 June 1992, pp. 185-216 (NUS, HC 79 Cap.Pr).
59. Porter, M. 1992: The case for private provision of infrastructure in Australia? In: Occasional Paper 7, Private Provision of Economic Infrastructure, Conference papers and proceedings from the BIE infrastructure forum, Canberra 1-2 June 1992. Bureau of Industry Economics. pp. 39-55.
60. Raj, C. 1996: Guoco to take majority stake in Subic venture. Business Times, 23 August 1996.
61. Ren, H. 1994: Risk lifecycle and risk relationships on construction projects. In: International Journal of Project Management, Vol. 12, No. 2, 1994.
62. Roberts, KH and Rousseau, DM. 1989: Research in Nearly Failure-free, High-Reliability Organizations: Having the bubble. IEEE Transactions on Engineering Management 36, May 1989.
63. Rosenstein-Rodan, PN. 1943: Problems of industrialization of eastern and southeastern Europe. The Economic Journal 53, June 1943.
64. Sadgrove, K. 1996: The complete guide to business risk management. Gower Publishing Limited: London.
65. Samuelson, P. 1954: The pure theory of public expenditure. Review of Economics and Statistics 36: 387-389, Vol. 4, November 1954.
66. Schuyler, JR. 1994: Decision Analysis in Projects: Modeling Techniques - Part II. PMNETwork, October 1994.
67. Scotto, M. 1994: Project budgests are not functional budgets. In: PMNET. March 1994.
68. SEAFARER. 1995: Ports should operate like all other money making businesses. Business Times, 4th October 1995.
69. SEAFARER. 1996: Changes on the horizon with MPA as new maritime guardian. Business Times, 17 July 1996.
70. SEAFEARER. 1996: Singapore must act now to maintain its dominant hub port position. Business Times, 25 September 1996.
71. Seiler, RK. 1990: Reasoning about uncertainty in certain expert systems: implications for project management applications. In: Project Management, Vol. 8, No. 1, February 1990.
72. Sen, B. 1996: Infrastructure financing - Desing for effective partnership. Conference paper presented on behalf of Unit Trust of India during the INVESTPORT Conference organised by the Confederation of Indian Industries in Madras from 8th-10th April 1996.
73. Simister, SJ. Usage and benefits of project risk analysis and management. In: International Journal of Project Management.
74. Slavin, T. 1996: All systems go for virtual port. Business Times, 15 July 1996.
75. Tan, KB and Ho, MW. 1996: Steel stockyard and transhipment centre in Jurong Port. Unpublished internal document of Jurong Town Corporation. April 1996.
76. Tan, KS. 1994: Asia takes the risk of allowing infrastructure role for private sector. The Straits Time, 28 October 1994.
77. Tan, TH. 1996: Singapore will focus on distribution services in north-east China. The Straits Times, 15th July 1996.
78. Tan, W. 1995: Research Methods in Real Estate and Construction. School of Building &Estate Management, National Univesity of Singapore. p 3. Types of research.
79. Taylor, LG. 1974: SeaPorts - An introduction to their place and purpose. Brown, Son &Ferguson, Ltd. Nautical Publishers (JTC lib: 387.1 Tay).
80. TEH, HL. 1996: Singapore investors too optimistic about China business: survey. Business Times, 28 August 1996.
81. Walters, AA. 1983: The Value of Land. In: Dunkerley HB (ed). Urban Land Policy - Issues and Opportunities. Oxford University Press: Oxford.
82. West, S. 1993: Feasibility Analyses, An Explanation! In: Cost Engineering Vol. 35/No. 3, March 1993.
83. Winston, C and Bosworth, B. 1992: Public Infrastructure Investment. In: Occasional Paper 7, Private Provision of Economic Infrastructure, Conference papers and proceedings from the BIE infrastructure forum, Canberra 1-2 June 1992. Bureau of Industry Economics. pp. 103-133.
84. Yong, MF. 1996a: Asian Ports may face demand of 104 m boxes in 2000. Business Times, 4 October 1996.
85. Yong, MF. 1996b: Bid to combine Shanghai, Ningbo into hub port. Business Times, 15th July, 1996.
86. Youngson, AJ. 1967: Overhead capital: A study in development economics. Edinburgh University Press: London.