International Journal of Application or Innovation in Engineering & Management
An Inspiration for Recent Innovation & Research….
ISSN 2319 – 4847
www.ijaiem.org

Call for Paper, Published Articles, Indexing Infromation Risk Assessment: A Case Study for Transportation Projects in India, Authors : T.H. Nguyen, B. Bhagavatulya , and F. Jacobs, International Journal of Application or Innovation in Engineering & Management (IJAIEM), www.ijaiem.org
Volume & Issue no: Volume 3, Issue 9, September 2014

Title:
Risk Assessment: A Case Study for Transportation Projects in India
Author Name:
T.H. Nguyen, B. Bhagavatulya , and F. Jacobs
Abstract:
ABSTRACT The construction industry in India is estimated to be worth $120 billion per year. The sector caters to the needs of over a billion people and contributes 5.5% to the nation’s GDP. However, this industry continues to face challenges around skill shortage, rise in material and labor costs, and socioeconomic changes. The primary intent of this research study is to focus on the India construction transportation sector with an emphasis on multiple project risk factors. A data collection questionnaire was administered to Indian construction companies with a 66% response rate. Respondents were asked to rate among 30 identified industry risk factors. Three tests were performed to assess the data’s reliability, correlation between the variables, and relative importance of risk factors among each other. The study results indicated that several of the risks highlighted have a high impact even if the probability of occurrence is low. It is also understood that project management teams are not effective in terms of communication with project stakeholders, and are incapable of formulating the correct strategies when projects are not in good health. The research outcome suggests that the Indian construction transportation sector needs to employ innovative technologies and better contract management strategies to overcome project risk factors. Keywords: Risk Identification, Risk Classification, Risk Assessment, Transportation Projects, and India Construction Industry
Cite this article:
T.H. Nguyen, B. Bhagavatulya , and F. Jacobs , " Risk Assessment: A Case Study for Transportation Projects in India " , International Journal of Application or Innovation in Engineering & Management (IJAIEM), Volume 3, Issue 9, September 2014 , pp. 001-014 , ISSN 2319 - 4847.
Full Text [PDF]                          Home