Entrepreneurship Development and Communication Skills

7.4.4.1. Advantages of PPP 

Efficient Management

Efficiency in project management is the need of the hour to get the desired results. Efficient management of welfare projects can be achieved when people working in public and private sectors come together, chalk out plans and strategies, and executes them to the satisfaction.

High Quality Output with Technological Advancement

PPPs are formed in a number of sectors of the economy to provide great solutions for industrial development. There are many private sector firms which have very advanced technology and by partnering with such firms, the government companies will be able to get the desired quality output on time.

Project Execution

Problems of project execution have been the biggest challenge nowadays. The project execution speed is very impressive in case of public private joint venture and this plays a key roe in the overall development of the nation.

Cost Reduction

Most infrastructure development related projects require a lot of capital and projects get delayed due to lack of capital for their execution. In case of a partnership between public and private sector, this problem can be sorted out by taking measures such as cost reduction, by utilizing available resources and time effectively. This is one of the most important joint venture advantages of these two sectors.