The pursuit of rewards inherently involves taking risks: Risk Management in Indore Metro Rail Project
What is potentially beneficial, is inherently a risky one and the same is true in case of Indore Metro Rail Project where risk is ever-present element of a complex puzzle. The city of Indore stands on the brink of embracing an eco-friendly, reliable, eco-friendly and economically beneficial mode of transportation promising reduced travel time, diminished commuter stress, lower fuel consumption, urban sprawl, fewer road accidents, creating jobs and increasing property value. However, the attainment of these benefits is made achievable through a meticulous and all-encompassing risk management endeavor of the Indore Metro Rail Project. Though Indore Metro Rail Project itself serves as a mitigation measure for the risk associated with pollution, road traffic, accidents and the inconvenience that the habitants might face while traveling via traditional mode of transportation. Yet, constructing and operating the metro rail facility involves a lot of uncertainties and compl...