CP3P Stakeholder Engagement & Governance Flashcards
6 cards from real CP3P practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CP3P Stakeholder Engagement & Governance flashcards as text
What is the role of an Independent Certifier (IC) in a P3 project?
Answer: To verify that construction milestones and quality standards are met before payments are released
The Independent Certifier verifies milestone completion and quality compliance, serving as a neutral technical referee between the government and private partner.
Which principle ensures that a P3 governance structure includes clear escalation paths for dispute resolution?
Answer: Accountability and transparency
Accountability and transparency principles require governance frameworks to include clear escalation paths so disputes are resolved efficiently and fairly.
In US P3 practice, what is the function of a 'Project Steering Committee'?
Answer: To provide senior-level oversight and strategic guidance across government departments involved in the project
A Project Steering Committee aligns senior government stakeholders, resolves inter-agency issues, and provides strategic direction throughout the P3 process.
Why is early engagement with lenders and equity investors important in P3 governance?
Answer: To understand bankability requirements and structure the project to attract financing
Early lender/investor engagement helps the government understand financing requirements and structure the project in a way that is commercially viable and bankable.
What does 'political risk' mean in the context of P3 stakeholder governance?
Answer: The risk that changes in government policy or political opposition will disrupt the project
Political risk refers to the possibility that shifts in government, policy changes, or political opposition will negatively affect a P3 project's viability or continuity.
Which document formally records stakeholder interests, influence levels, and engagement strategies for a P3 project?
Answer: Stakeholder engagement plan
A stakeholder engagement plan maps out each stakeholder's interests and influence and defines how and when the project team will engage them.