Risk Assessment in Ongoing Construction of Mumbai Metro Rail Project

“Risk Assessment in Ongoing Construction of Mumbai Metro Rail Project”

Mr. Abhishek Awasarkar1, Dr. Prof. Arun Kumar Dwivedi2

Civil (Construction Management) M. Tech, Sandip University, School of Engineering and Technology, Mahiravani, Nashik-422213

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Abstract: There is a certain risk associated with every construction project, which needs to be properly mitigated for good execution. Risk management is a very important parameter for a project to be successful. Most of the time, there are three phases involved in treating a disc, namely risk assessment identification and risk response. A risk management implementation must take all these prices into account so that there is no major impact on the quality or time to cost of completing the project. De-risking the project is very important so that there is no dispute between the contractor or the client and at the same time it leads to the reduction of risk in both cases. As the city of Mumbai is undergoing a huge infrastructure development and the Mumbai metro will be an iconic project undertaken by the government. This article is about the identification of risk factors involved in the Mumbai metro project. In this paper, various factors involved in risk management have been studied and the results are presented for mitigating the risks associated with the Mumbai metro construction project.

Key Words:  Risk, Mumbai, metro and factors.