Risk Assessment for Infrastructure Projects Case Study: Pune Metrorail Project

In this paper, we discuss the method of risk measurement of project risk, based on the risk matrix method. Generally project risk management primarily deals with cost and time uncertainties and risk associated with each activity of the project network. In this paper, we have identified the major risk sources and quantified the risk in terms of likelihood, impact and severity in a complex infrastructure project such as metro rail project going on many mega cities such as Hyderabad, Kolkata and upcoming projects such as Pune metro. The methodology for this work was the response from the experts associated and involved in this and other projects in metro rail. The risk assessment for this project is carried out by risk matrix method. And risks are categorized according to the priority.