IDENTIFICATION OF RISK FACTORS INVOLVED IN THE ELECTRICAL TRANSMISSION-LINE INSTALLATION PROJECT : A LITERATURE REVIEW

Shwetank Parihar; Chandan Bhar

doi:10.21844/mijia.14.01.11

Shwetank Parihar Deputy Registrar (Finance & Accounts), Motilal Nehru National Institute of Technology, Allahabad (UP)
Chandan Bhar Professor& Head,Department of Management Studies, IIT (ISM), Dhanbad (Jharkhand)

DOI: https://doi.org/10.21844/mijia.14.01.11

Keywords: Risk management;, Risk factor identification, Risk factor classification, Technical risk factors, Electrical transmission line installation.

Abstract

The paper analyzes risk management process for electrical transmission line installation projects by pooling the associated risk factors that governs the risk level for the project. The paper collects the view point of various authors and experts on the subject and then the categorization of risk is done. It is being found that authors have mainly mentioned five types of risk factors. They are Environmental Risk Factors, Financial Risk Factors, Human Risk Factors, Human Resource (Management) Risk Factors and Technical Risk Factors. Technical risk factors are found to be most important by many authors. This is the reason why technical risk factors are further divided into nineteen sub technical risk factors in this study over a span of six major categories of project activities. In this manner the
paper identifies and classifies the risk factors present in electrical transmission line installation project.