Planning and Managing Public-Private Partnerships
Governments worldwide have increasingly turned to the private sector to provide infrastructure services that were once delivered by the public sector. A Public-Private Partnership (PPP) is the appropriate vehicle for procuring a public asset or service. Thus, the intention for using a PPP as the preferred procurement option must firstly generate value for money, and additionally, transfer risk from the public entity to the private sector in a way that is affordable to the public institution.
It is vital that all stakeholders in a PPP agreement understand the contractual arrangements, objectives and risks associated with its establishment in order to generate the desired benefits. Moreover, the principle aim of this course is to help create a common ground for terminology regarding PPPs and the PPP process.
When completing this course the student will be able to:
- Differentiate between PPP and traditional procurement and motivate why PPP deliver better value for money than traditional procurement.
- Explain the limitations of PPPs.
- Understand the features and benefits of the different PPP agreements/models and how to select the right model to achieve strategic objectives.
- Discuss how governments can best facilitate the development of PPP projects, and what can governments do to foster a PPP enabling environment.
- Identify and consider the risks involved in PPPs and how can these risks best be allocated or shared among partners.
- Explain the importance for government to shift risk to the private sector and how such a transfer generates reward for both public and private partners.
- Provide an overview of the PPP project cycle by explaining how suitable projects for PPP implementation can be identified, planned, implemented, assessed and delivered successfully.
- Understand management-related matters that may arise once a PPP project is operational.
- Distinguish between main options for financing PPP projects in relation to project structuring.
- Comprehend key contractual relationship responsibilities for the selected PPP structure and related finance option.
- Recognise methods to assess PPP project financing costs and overall profitability.
- List the regulations for overall approval, implementation and evaluation of PPPs.
- Describe the B-BBEE Framework and Balanced Scorecard as well as the Code of Good Practice.
- Understand the reasons for utilising Special Purpose/Project Vehicles (SPVs).
- Explain the importance of good governance in PPP agreements.
- Understand and describe the functions of a PPP Unit.
- Recognise the role of legislation as mechanism for soliciting sources of funding.
The fee is R 6, 800.00, which includes your online study material. Persons based outside South Africa can pay in US Dollars, Euros or GB Pounds. Payment of fees must be effected before access to the course.
Short courses are available internationally. A new cycle of short courses starts every first Monday of each month from February to November.
You will complete weekly online exercise assignments that combine to yield your final mark. The questions may involve multiple choice, a brief discussion of an important issue, or solving a short case study. Your final course mark will be based on the average of the weekly scores achieved. The final pass mark is 50%. A certificate is awarded upon successful completion of the course. Should you achieve a distinction (75% or higher), this will be so indicated on your certificate.
The course is open to anyone who is basically proficient in English and has internet access.