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Evaluation of the Critical risk factors in PPP - procured Mass Housing Projects in Abuja Nigeria - A fuzzy synthetic evaluation (FSE) approach
World Journal of Civil Engineering and Architecture
| Vol 2, Issue 1
Table 3. Classification of Critical RiskFactors (CRFs) into Critical Risk Factors Group (CRFG)
| Critical Risk Factors and Category | Risk impact | Overall Ranking | Ranking within category | |
| Financial and Macroeconomic risk (CRFG 1): u1 | ||||
| Availability of Finance, u11 | 6.57 | 1 | 1 | |
| High Finance cost, u12 | 6.25 | 2 | 2 | |
| Unstable Value of Local Currency, u13 | 5.73 | 11 | 3 | |
| Lack of creditworthiness, u14 | 5.67 | 12 | 4 | |
| Influential Economic Events (Boom/Recession), u15 | 5.48 | 18 | 5 | |
| High Bidding cost, u16 | 5.45 | 19 | 6 | |
| Poor Financial Market, u17 | 5.45 | 20 | 7 | |
| Financial attraction to project investors, u18 | 5.38 | 23 | 8 | |
| Interest rate volatility, u19 | 5.33 | 27 | 9 | |
| Inflation rate volatility, u110 | 5.22 | 29 | 10 | |
| Legal and Socio-political risk (CRFG 2): u2 | ||||
| Corruption and lack of respect for Law, u21 | 6.04 | 3 | 1 | |
| Non-involvement of the host community, u22 | 5.98 | 4 | 2 | |
| Poor execution of Housing Policies, u23 | 5.97 | 5 | 3 | |
| Wrong perception of housing need by low-income earners, u24 | 5.97 | 6 | 4 | |
| Illegal Title to Land, u25 | 5.92 | 7 | 5 | |
| Poor decision-making process, u26 | 5.41 | 22 | 6 | |
| Change in Government, u27 | 5.27 | 28 | 7 | |
| Land Grabbing/Encroachment, u28 | 5.22 | 30 | 8 | |
| Public opposition to the mass housing projects, u29 | 5.19 | 31 | 9 | |
| Operation and Organization risk (CRFG 3): u3 | ||||
| Inadequate experience in PPP, u31 | 5.77 | 10 | 1 | |
| Inadequate distribution of responsibility and risks, u32 | 5.64 | 13 | 2 | |
| Risk regarding Pricing of Product/service, u33 | 5.59 | 14 | 3 | |
| Lack of Commitment from Public/Private Partners, u34 | 5.53 | 15 | 4 | |
| Inadequate distribution of Authority between Partners, u35 | 5.43 | 21 | 5 | |
| Design and Project Selection risk (CRFG 4): u4 | ||||
| Land acquisition and Site availability, u41 | 5.91 | 8 | 1 | |
| Level of Demand for the mass housing projects, u42 | 5.83 | 9 | 2 | |
| Prolonged negotiation period before initiation, u43 | 5.52 | 16 | 3 | |
| Delay in Project approvals and permits, u44 | 5.34 | 26 | 4 | |
| Construction risk (CRFG 5): u5 | ||||
| Construction time delay, u51 | 5.50 | 17 | 1 | |
| Construction cost overrun, u52 | 5.38 | 24 | 2 | |
| Force Majeure, u53 | 5.36 | 25 | 3 | |