Week 04: Public-Private Partnerships Flashcards
What are Public-Private Partnerships (P-3’s)?
Arrangements between public and private sector entities aimed at delivering a public service or infrastructure.
Why are public-private partnerships valuable? (3)
- They bring together the expertise, resources, and capabilities of both sectors to enhance the resilience and safeguarding of these vital systems
- By pooling these resources and working together, they can effectively mitigate risks, respond to threats, and ensure the continued functionality of the CI.
- Safeguard essential systems from potential threats and ensuring their resilience.
What are the two responsibilities of the public entity?
- Regulatory oversight
- Financing
What are the five responsibilities of the private entity?
- Financing
- Designing
- Building
- Operating
- Maintaining
What are the three objectives of public-private partnerships?
- Improved service delivery
- Reduced costs
- Increased efficiency
Fill in the Blanks:
“The public and private sectors can help to ensure that CI is _________, ______, and able to operate ___________ in the face of any _________ _______. “
Resilient, Secure, Effectively, Potential threats.
What do public-private partnerships leverage? (4)
Resources, Expertise, and Abilities of both sectors, and private sector investments and innovation.
What are key components of FPT emergency management systems?
Whole-of-society partnerships based on effective collaboration, coordination, and communication.
What are the advantages of Public-Private Partnerships? (6)
- Coordination and alignment
- Sharing of resources and expertise
- Improved preparedness and response
- Cost-effective solutions
- Modernization/Upgrading
- Building Trust & Collaboration
What are the challenges and risks of public-private partnerships? (6)
- Conflicting priorities and goals
- Data sharing
- Legal Issues
- Funding
- Clear roles, responsibilities, and expectation
- Corruption
