By : Swanith Sahoo – PGDM Executive (Batch 24), SVKM’s NMIMS University
MAJOR RISK:
1. The Land Acquisition got delayed.
2. The Financial Closure got delayed.
3. There was non-availability of hired 220 cranes.
4. During construction, 220 cranes had a breakdown.
5. Arrival of WEC equipment got delayed.
Risk Risk Drivers Risk Mitigators
Work will not Villagers interruptions a) Armed guards available on time be completed b) Hike in compensation for lending on time the plot c) Reallocation bonus to the villagers Shortage of Particular capacity of Use crane of 80 tonnes in hour of need crane (220 tonnes crane used at so as to reduce wastage of time and Nawapur Site) resources. Remoteness of the area Company owned transportation Distance of Nawapur Site Company could provide base camps Poor Printed Circuit board (PCB) on the location of site. a) Efficiency increment of existing cranes b) Supplier change c) Efficiency measurement of new products Heavy rainfall witnessed by this year Nothing can be done. monsoon season. Restricted hours of work because of high winds Non availability of raw materials Change suppliers to receive material (Out of the 14 (WECs) to be erected on time, improve transportation facility at the Nawapur site, materials for to decrease the delay of raw materials. only ten had been received) Poor Infrastructure New roads to be build, Changes in government policy for betterment of infrastructure, can extent private partnerships for focussed approach Centralization of power Decentralized system