development of risk management model for the underground corridor construction for metro rail
N.BanuChandar,M.M.Saravannan
Published in International Journal of Advanced Research in Civil,Structural,Environmental and Infrastructure Engineering and Developing
ISSN: 2320-723X Impact Factor:1.7 Volume:1 Issue:2 Year: 08 March,2014 Pages:13-18
Abstract
This project deals with a method of measurement of project risk. Project risk management primarily comprises cost and schedule uncertainties and risks associated with each activity of the project network. We have identified the major risk sources and quantified the risks in terms of likelihood, impact and severity in a complex infrastructure project for the construction of an underground corridor for metro railways. A case study of the underground metro corridor in the capital city of an emerging economic nation of South Asia has been considered for this research work. The methodology for this work was famed based on the response extracted from the experts who were associated and involved in various metro railway projects. Managing risk and safety are critical activities in the increasingly complex railway environment. Demonstrating that risk and safety have been managed effectively is increasingly important in many rail regulatory regimes. Developing organization’s competence in these areas will allow you to improve the way risk and safety is managed within your organization or projects, and also helps you to meet regulatory and contractual requirements in an efficient and effective way. Based on the various factors collected from the literatures, a preliminary questionnaire was framed and currently it was distributed to various Engineers who were employed in metro rail way projects. After collecting down the response the dates has to be analysised using SPSS (version 20) and Risk Priority Number (RPN) has to be extracted.
Kewords
Risk Priority Number,Political Risk
Reference
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