Implementation of Risk Management in IOCL Tender Driven Project â€“ A Case Study

Viraj Sant; Dr. D.N. Raut

Implementation of Risk Management in IOCL Tender Driven Project – A Case Study

Viraj Sant *

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Dr. D.N. Raut

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Implementation of Risk Management in IOCL Tender Driven Project – A Case Study

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Abstract

The paper is about understanding the current process in automation execution process and application of project management practices to it. The project is of automation of more than 6000 sites across the India for IOCL. The current model is waterfall model. After the study it is observed that there is lack of project management and project planning in the project. This affects the timeline and cost of project. The main objective is to introduce PM. Since agile practices are excellent for communication management and project controlling, the report proposes agile approach for current process. Since there are limitations for complete agile implementation, a mix approach, combining agile and waterfall can be used. Along with agile there are many other trends which can be applied to improve project efficiency. Report suggests visual project management, emotional intelligence as a tool for the project. Paper focuses on process and tools for implementation of risk management. It also checks the effectiveness of risk management plan.

References

6 Cites in Article

Reference Format

Young Hoon Kwak,Frank Anbari (2009). Analyzing project management research: Perspectives from top management journals.
N Lavanya,T Malarvizhi (2008). Application of quantitative risk assessment to the Lawrence Hargrave Drive Project, New South Wales, Australia.
P Williams (2015). Visual project management, Paper presented at PMI® Global Congress 2015-EMEA.
C Vandersluis (2014). Effective Team Performance on Agile Projects.
D Hillson,D Hulett (2004). Assessing risk probability: alternative approaches, Paper presented at PMI® Global Congress 2004-EMEA.
Effendi Mohamad,Haslinda,& Nor,Adi Saptari,Mohd Salleh,Rizal (2009). THE IMPLEMENTATION OF RISK MANAGEMENT AT AEROSPACE.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Viraj Sant, Dr. D.N. Raut. 2019. "Implementation of Risk Management in IOCL Tender Driven Project – A Case Study". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 19 (GJMBR Volume 19 Issue A11).

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GJMBR Volume 19 Issue A11

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-A Classification JEL Code: G32

Submission ReceivedDecember 12, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

October 3, 2019

Language

English

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Article Matrices

Total Score: 154

Country: India

Subject: Global Journal of Management and Business Research

Authors: Viraj Sant, Dr. D.N. Raut (PhD/Dr. count: 1)

View Count (all-time): 349

Total Views (Real + Logic): 669

Total Downloads (simulated): 59

Publish Date: 2019 01, Tue

Monthly Totals (Real + Logic):

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Total Views: 669

Total Downloads: 59

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