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>Exploring the effect of political risks in large infrastructure projects in politically unstable countries using a probabilistic modelling approach
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Exploring the effect of political risks in large infrastructure projects in politically unstable countries using a probabilistic modelling approach
This research aims to explore and identify political risks on a large infrastructure project in an exaggerated environment to ascertain whether sufficient objective information can be gathered by project managers to utilise risk modelling techniques. During the study, the author proposes a new definition of political risk; performs a detailed project study of the Neelum Jhelum Hydroelectric Project in Pakistan; implements a probabilistic model using the principle of decomposition and Bayes probabilistic theorem and answers the question: was it possible for project managers to obtain all the relevant objective data to implement a probabilistic model?
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