A public-private partnership (PPP) is a collaborative partnership between the publicsector and a private entity. The adoption of PPPs has risen throughout the years, utilizedfor developing cultural infrastructure. With the increase in opting for PPPs, the numberof failed PPPs has shown to be due to inefficient risk management procedures. This thesisdelves into the realm of public-private partnerships (PPPs) and examines the integrationof stakeholder management in the risk identification process, aiming to answer thefollowing research question: How do the public sector and private sector in a public-private partnership respectivelyconsider stakeholder management when identifying risks? Through a qualitative single case study of a PPP project in Sweden, the research aims toprovide insights into how key actors in PPPs consider stakeholders when identifyingrisks. The study emphasizes the importance of stakeholder theory in enhancing riskidentification practices within the context of collaborative ventures. By exploring thecomplexities of PPPs and the dynamics of stakeholder engagement, this researchcontributes to the existing literature on effective partnership arrangements and riskmanagement in public-private partnerships (PPPs). The findings highlight thesignificance of incorporating stakeholder perspectives in risk identification strategies tofoster successful outcomes in PPP projects. To answer the research question, semi-structured interviews were conducted with thepublic and private entity involved in the PPP chosen for the case study. This study notonly offers theoretical implications for understanding the interplay between stakeholdertheory and risk management but also provides practical insights for organizations seekingto establish and maintain successful PPPs. The research underscores the critical role ofclear project objectives, defined partnership responsibilities, communication, andcollaboration in sustaining long-term partnerships. By bridging the gap betweenstakeholder theory and risk management, the study offers a theoretical contribution forunderstanding how stakeholder engagement can enhance risk identification strategies in PPP projects. Overall, this thesis contributes to advancing knowledge on stakeholder considerations inPPPs and offers recommendations for enhancing risk identification measures incollaborative ventures.