Volume 10 (2014)

Shwetank Parihar,Indian School of Mines, Dhanbad, India
Chandan Bhar, Indian School of Mines, Dhanbad, India
Nishit Kumar Srivastava, Department of Management Studies, Indian School of Mines, Dhanbad
Abstract

The study analyzes the risk management process of electrical transmission line installation projects. Risk mapping of each project is suggested for better risk management. The methodology suggested is based on the analysis of four risk factors in the project and division of project into six phases. Inter relationship between these risks is studied with the help of Risk Numerical Matrix (RNM). Then a survey based analysis is done in which scales obtained from questionnaire are converted into probability by using Juster’s scale and translated probability. The risk impact values are calculated for different risk factors and phases of project. Risk Numerical Matrix (RNM) method proves that Technical risk factors have large effect on environmental risk factors so mitigation plans are to be made accordingly. On the basis of this questionnaire based study the technical risk factors and Survey and background analysis phase comes out to be most important for deciding the risk mitigation plan for such projects.

Keywords: Project risk management, Electrical transmission line installation, Risk Numerical Matrix (RNM), Juster’s scale, Risk interrelation, Risk mitigation

Suggested citation: Parihar, S., Bhar, C., & Srivastava, N.K.(2014). Risk management by scaling for project phases of electrical transmission line installation projects. Skyline Business Journal, Volime 10, Issue 1,pp 17-26.

Suggested citation

Parihar, S., Bhar, C., & Srivastava, N.K.(2014). Risk management by scaling for project phases of electrical transmission line installation projects. Skyline Business Journal, Volime 10, Issue 1,pp 17-26.