Building Certified Public-Private Partnerships Professionals to Tackle Infrastructure Challenges.
Public facilities such as hospitals, schools, libraries, and roads are some of the essential community assets. The responsibility of providing those fundamental facilities to the citizens is vested in the government. However, it is often a challenge for the government to ensure that all public facilities can be delivered efficiently. Obstacles such as skill gaps, lack of subject matter specialists, shortage of funds and resources have hindered the government to deliver those services to meet the growing demands of the public. These challenges encountered by the governments have led to the growing adoption of the Public-Private Partnerships scheme in developing public facilities and delivering public services. The Public-Private Partnership is a method for procuring and delivering public assets, which are public works, subject or dedicated to public use or naturally accompanying or associated with the provision of public services [1]. The Public-Private Partnerships involves the collaboration between the public and private sectors. This concept relies on the idea that the public and private sectors each have certain advantages relative to others in performing a certain task together.
One of the many motivations for PPP adoption is that it can improve efficiency. By applying the PPP scheme to the right project using the appropriate structure and procurement process will result in a process where services and assets can be delivered in a timely and cost-efficient manner. Due to the competitive market system, private sectors are relatively better in terms of efficient practices. Furthermore, the private sector also operates in a different business framework compared to the public sector which is constrained by social or political factors. The private sector can be more flexible in negotiations with subcontractors, and its labour framework, which both can significantly contribute to better cost management.
The PPP scheme has helped countries to fill the infrastructure gap by accessing more private capital and expertise in an efficient and programmatic manner; this is especially true for Emerging Market and Developing Economy (EMDE) countries. However, there are many challenges when it comes to implementing a PPP project and one of the main challenges is the lack of knowledge in understanding the PPP scheme in its entirety.
With the vision to enhance Public-Private Partnerships performance globally, The APMG PPP Certification Program was introduced.
With the vision to enhance PPP performance globally, The APMG PPP Certification Program was introduced. The certification program is an innovation of the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), the World Bank Group (WBG) and part funded by the Public-Private Infrastructure Advisory Facility (PPIAF).
The certification program comprises three exams, the PPP Foundation exam, the PPP Practitioner exam and the PPP Execution exam. The program is designed based upon the PPP Guide (downloadable from www.ppp-certification.com). The entire program covers the essential PPP knowledge. Candidates who have passed all three exams will be entitled to use the CP3P credential. This CP3P program is the definitive credential to demonstrate that your abilities are aligned with international PPP good practice.
Public-Private Partnership Guide Summary
For more information about the PPP certification program please contact us at info@cybiant.com or click here. Cybiant was one of the first Accredited Training Organizations (ATO) for the APMG World Bank scheme for PPP certification in APEC, and is the regional leader for PPP education.
