Risk Management In Indore Metro Rail Project [2024]

Indore Metro Rail Project is an example of the city’s rapid urbanization and continuous development toward growth. It is a complex project with numerous challenges that had to be faced by the executory organizations and people. Here in this write-up, I am going to light up a certain part of this project that has dealt with each problem and that is the Risk Management In Indore Metro Rail Project.

Risk Management in Indore Metro Project is not done at a certain time or by a certain person but it is the responsibility of each person working and implementing the metro rail project ideally and physically for the sack of public convenience.

Risk Management In Indore Metro Rail Project

Indore is known as the cleanest city because of the steps its governance has taken as eco-friendly and such vast construction work could cause a lot of damage to the environment. So there were numerous concerns came the way of risk management in Indore Metro project like pollution, accidents, traffic, etc. This starts from the planning of the project and continues till the completion.

Here we will talk about each uncertainty, complexity, and external risk management in Indore Metro Rail Project below.

Management Of Uncertainties

From the planning of the project, the uncertainties starts popping up and remains until the execution is completed and even after that. To figure them out and solve them is the main agenda of each authorized person in the Risk Management of Indore Metro Rail Project. These uncertainties can be named as setting up an organization, funding, land acquisition, rehabilitation & resettlement of locals, trusty contractors, environmental risks, public safety concerns, and many other external risks like political events, increasing tax rates, etc.

Let’s have a look at how the Indore Governance dealt with these uncertainties and complexities in the implementation of Indore Metro Project. This write-up contains some exclusive content for you as the Indore Metro Project updates 2024.

Setting Up Organization

This is the foremost process and requirement of any project for the governance of the planning and execution in the right direction. In the absence of an organization dedicated to the Metro project, the delivery of the planning will be completely failed and for the Indore Metro Project or say, Madhya Pradesh Metro Projects, this is done by the Madhya Pradesh Metro Rail Corporation Limited.

Funding Of Indore Metro Project

It is a huge project and of course, needs a lot of financial resources for the accomplishment. Indore Metro Project or Bhopal Metro Project is funded by the Government of India, the Government of Madhya Pradesh, the Asian Development Bank (ADB), and the New Development Bank (NDB).

Land Acquisition, Rehabilitation & Resettlement

Acquiring land for the construction of Metro Lines is one of the biggest risks and challenges the project faces because it includes a large number of locals and their places. This has to be done in a better way so that no public inconvenience occurs and they rehabilitate comfortably. The major factor of this is considered the right land and the consent of the affected public.

Contractors

For the execution of the Indore Metro Rail Project, several contractors are onboarded after a successful bidding process. The risk here is that if an inappropriate contractor is onboarded then this may cause the derailment of the project and MPMRCL has to face trouble. 

o deal with this high-risk factor, the management performs thorough due diligence to ensure that the contractor is capable of delivering high-quality products and services in a high-construction project like Metro.

Want To Know: About 5 Indore Metro Quality Standards – Building A World-Class Metro

Health, Safety, & Environmental Risk (HSE Risk)

HSE risk is one of the most critical risks in any constructive project. The huge constructive sites can potentially cause damage to the environment and for that well-planned steps have been taken by the Madhya Pradesh Metro Rail Corporation for Environment Protection.

The other risks include the risk of damage to the health and safety of workers, locals, and their property. The MPMRCL is regularly keeping an eye on monitoring the HSE risks and acquiring eco-friendly technologies and equipment to deal with this. Traffic management is also one of the major solvers of safety risks.

Read Also: 7 Features of Indore Metro Stations – Elevating Passenger Experience

Utility Shifting

The team has to figure out if is there any utility is coming beneath the rail construction and to shift that with the consent of the utility owner to eliminate the public inconvenience is one of the major part of Indore Metro Rail Project risk management. This is so vital because damage to any utility like electric cables, telephone lines, gas pipelines, sewage, etc. can cause a huge public inconvenience which is definitely not good.

Want To Know: About the Glorious Tracks Of Indore Metro – 7+ Utmost Features

Quality Assurance

Indore Metro Rail Project is a huge public transport system and will also represent our city’s strength in development. Ensuring the high-grade quality of each matter used in its development is the responsibility of the authorities. The quality assurance team is managing this risk factor with priority.

External Risk Factors

There are some external risk factors also exist that can cause uncertainties and complexities in the development of the project. These might be political events, pandemics, changes in law, or anything else. The governing body of the Indore Metro Project has to be prepared for such external risks and this could be only done if these risks are foresighted.

Check Also: 5 Positive Impacts Of Metro In Indore City [2024]

Final Words

In these Indore Metro Project updates, I have shared a brief regarding the Indore Metro Project Risk Management. While constructing such a huge project, each worker has the responsibility to foresight the risk and deal with it by avoiding public inconvenience and delivering a reliable, sustainable, eco-friendly, and economically beneficial urban transport system for the rapid transition.

Must Read: Safety Rules Of Metro – To Experience A Much Safer Ride