Five Major Risks Posses by a Railway Project

This article is written to explain five major risks accompanying by major railway projects as per our project management experts helping students in understanding Risk management work in better way.

  • Change in Construction Code Risks

Design and construction codes play a very important role in the development of railway system. It is a new system technology; therefore the content, structure & scope of the codes are very important as per our online project management assignment help experts. Existing design and construction codes either can be upgraded or can be developed from Scratch. With respect to engineering safety, “Blockley” have discussed many aspects of developing codes. Before selecting specific system technology, high-speed railway Australian code was developed. The code based on the common denominator of Japan, France, and Germany should not pose special problems if we accept that the code does specify ‘minimum’.

  • Regulatory Risks

Environmental Impact Statement (EIS), Transportation Impact Statement, Site Impact Analysis, and Energy Use Certificate for Australian case are the Regulatory risks which create uncertainties in obtaining licenses and permits in time. Adverse effects of KTX like noise, vibration, and dust created problems in the course of EIS stage and also responsible for the stiff opposition of the local villages people from dividing the existing villages and building extra pathways. For example, the Route passing through the archaeological site near Sydney created challenging situations for this types of Project. The Ministry of Culture (MOC) has their own priorities concerning building transport infrastructure and conserving historical sites. Hence, obtaining necessary clearances and licenses are the major risks that these types of projects are facing mostly. It can be minimized by developing Regulatory team handling all Govt approvals and all.

  • Design Risks

From earlier times, Design technology has received less emphasis than rolling stock technology, but later on, experiences demonstrated that system integration technology should be transferred to infrastructure design technology so that local engineers can work comfortably. Technology transfer schemes are one of the basic elements in project development. The Ministry of Science and Technology and The Ministry of Industry and Resources played an important role in developing Technology transfer schemes and their objectives do not coincide with the Ministry of Construction and Transportation (MOCT) as per research was done by our project management homework help experts. But the development of detailed Technology transfer scheme increases the Project Cost and Time.

  • Procurement Risks

The system procurement strategy and the infrastructure procurement strategy, both are considered together. Turnkey procurement approach can be used over conventional procurement approach. Summarized from of all the risks involved in turnkey projects are present in Booz-Allen. For better project control, the contractors willingly took more risk, by selecting conventional approach over turnkey. To reduce the risks involved in the project development, Program Manager was suggested at initial study phase but it was not accepted in many cases. It can be minimized if vacant positions were filled from Experts from countries with high-speed railway operations &o their countries along with local Experts.

  • Foreign Risks

It is, in general, to employ outside help to carry out a large-scale railway project that uses Foreign Technology, but the decision regarding the timing and scope of such outside help is very important. American engineers were selected from the engineers of 4 countries having high-speed railways to work in the initial phase of the many Australian Railway Project”. But it was a difficult task to decide the positive and negative aspects of each approach, but it is good to have someone who can give a more “objective” opinion. Engineers from the system provider should participate in the project, once the system is selected.

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