This project aimed to study the application of risk assessment by conducting a risk assessment exercise for the various departments controlling the MIHAN project. The project is an ambitious vehicle of the Government of Maharashtra, India, located in Nagpur which is further located in the geographical centre of India. It consists of a unique combination of a free trade zone located adjacent to the Dr. Babasaheb Ambedkar International Airport. This research reviewed four key departments of the parent company for relevant risks. The research approach used was inductive and the methodology was qualitative. Personal interviews were conducted with the process owners of the departments with the questionnaire style being open and unstructured.
This research was significant and unique because no risk assessment exercises were conducted for the project prior to this study. From the analysis of key risks and their departmental controls, findings related to the overall approach to risk management of the departments are presented and suggestions are provided on improvement for all departments. A detailed airport expansion approach is also presented.
Table of Contents
1. INTRODUCTION
1.1. BACKGROUND AND HISTORY
1.1.1. Aviation in Nagpur
1.1.2. About SEZ - MIHAN
1.2. PROBLEM STATEMENT
1.3. RESEARCH QUESTIONS
1.4. RESEARCH OBJECTIVES
1.4.1. General Objective
1.4.2. Specific Objectives
1.5. RESEARCH MOTIVATION
2. LITERATURE REVIEW
2.1. REVIEW OF RELEVANT LITERATURE:
2.2. KEY DEFINITIONS
3. RESEARCH METHODOLOGY
3.1. RESEARCH PHILOSOPHY
3.1.1. Positivism
3.1.2. Pragmatism
3.1.3. Interpretivism
3.2. RESEARCH APPROACH
3.2.1. Deductive Approach
3.2.2. Abductive Approach
3.2.3. Inductive Approach
3.3. RESEARCH METHODS
3.3.1. Quantitative method
3.3.2. Qualitative method
3.4. RESEARCH DESIGN
3.4.1. Ethnography
3.4.2. Phenomenology
3.4.3. Grounded Theory
3.4.4. Narrative
3.4.5. Case Study
3.5. DATA COLLECTION
3.5.1. Expert Interviews
3.5.2. Questions
4. RESULTS AND DISCUSSION
4.1. ENGINEERING DEPARTMENT RISKS
4.2. PLANNING DEPARTMENT RISKS
4.3. MARKETING DEPARTMENT RISKS
4.4. AIRPORT DEPARTMENT RISKS
4.5. DEPARTMENT-WISE RISK MANAGEMENT REVIEW
4.5.1. Engineering Department
4.5.2. Planning Department
4.5.3. Marketing Department
4.5.4. Airport Department
4.6. EXPANSION OF THE MIHAN PROJECT
5. CONCLUSION AND RECOMMENDATIONS
5.1. CONCLUSION
5.2. RECOMMENDATIONS
5.2.1. For the MIHAN project
5.2.2. For future SEZ - airport combined projects
5.2.3. For Further Research on Risk Management
5.3. LIMITATIONS
6. LIST OF REFERENCES
7. APPENDIX - QUESTIONS AND RESPONDENT ANSWERS
7.1. PLANNING DEPARTMENT
7.2. ENGINEERING DEPARTMENT
7.3. MARKETING DEPARTMENT
7.4. AIRPORT DEPARTMENT
Project Objectives and Key Themes
The primary objective of this dissertation is to perform a comprehensive risk assessment of the MIHAN (Multi-Modal International Cargo Hub and Airport at Nagpur) project by analyzing its key departments. The study seeks to identify high-severity risks, evaluate existing departmental controls, and propose strategies for future expansion while providing a structured framework for ongoing risk management.
- Application of Enterprise Risk Management (ERM) frameworks in a unique airport-SEZ ecosystem.
- Evaluation of departmental risk registers for Engineering, Planning, Marketing, and Airport operations.
- Identification of gaps in current risk mitigation and quality control mechanisms.
- Strategic analysis of future airport expansion and land-use possibilities.
Excerpt from the Book
1.1. Background and History
Discussed in the following section is a brief history, the details of the airport project in question and information about the key stakeholders are provided.
1.1.1. Aviation in Nagpur
While considering the broad Indian aviation scenario after the year 2000, the passengers travelling through Nagpur consisted of businessmen, politicians and government officials. These were the only 3 classes who preferred to travel by air. Earlier the regional airlines only had these sections as their targeted customer base, which resulted in many limitations for the airline in terms of sustainability and financial stability. It was only after the launch of Air Deccan, in 2003, (India’s first low-cost airline) the common population started travelling by air. People were usually hesitant to travel by air as their mindset was not accustomed to it and air travel generally was considered a taboo. Air Deccan introducing low fares compared to other means of travel can be considered as a turning point for the aviation sector to have picked up in the Nagpur region. The current boom seen in the regional aviation sector is a result of such practices by Air Deccan which first enabled people to opt for air travel over other means. Observing this trend, the government decided to set up an SEZ attached to the airport in Nagpur.
Summary of Chapters
1. INTRODUCTION: Outlines the background of the MIHAN project, the problem statement regarding the lack of previous risk assessments, and the specific research objectives.
2. LITERATURE REVIEW: Examines existing research on risk assessment methodologies and enterprise risk management to establish a theoretical foundation for the study.
3. RESEARCH METHODOLOGY: Details the qualitative, inductive research approach and the use of expert interviews as the primary method for data collection.
4. RESULTS AND DISCUSSION: Presents the risk assessment analysis for the Engineering, Planning, Marketing, and Airport departments, including residual risk mapping and expansion strategies.
5. CONCLUSION AND RECOMMENDATIONS: Synthesizes the findings and provides actionable recommendations for improving departmental risk management and future airport expansion.
Keywords
Risk Assessment, MIHAN, Nagpur, Airport Management, Special Economic Zone, SEZ, Enterprise Risk Management, ERM, Aviation Management, Infrastructure Development, Qualitative Research, Risk Register, Project Management, Cargo Hub, Operational Risk
Frequently Asked Questions
What is the primary focus of this research?
The research focuses on conducting a comprehensive risk assessment for the MIHAN project in Nagpur, evaluating the risks associated with four key departments of the Maharashtra Airport Development Company (MADC).
What are the core themes explored in this dissertation?
The core themes include Enterprise Risk Management (ERM) application, departmental risk identification, infrastructure planning, and the unique integration of an airport with a Special Economic Zone (SEZ).
What is the main research question or objective?
The general objective is to perform a risk assessment exercise for the departments under MADC to identify high-severity risks and suggest controls to improve the project's overall management.
Which scientific methodology does the author employ?
The author uses a qualitative and inductive methodology, relying on primary data collected through open-ended, unstructured expert interviews with department heads.
What topics are discussed in the main analysis?
The main analysis covers specific departmental risks in Engineering, Planning, Marketing, and Airport operations, followed by a review of residual risks and strategies for airport expansion.
Which keywords best describe this study?
Key terms include Risk Assessment, MIHAN, SEZ, Enterprise Risk Management, and Aviation Management.
How does the project handle departmental risk management?
The study utilizes a risk rating guide based on likelihood, impact, and control effectiveness to categorize risks and map them onto a residual risk matrix for each department.
What specific expansion possibilities are suggested for the airport?
The author identifies potential for multi-concourse terminal buildings, additional cargo facilities, and the potential re-allotment of adjacent defense land to accommodate a new runway or SEZ expansion.
- Citation du texte
- Vedhas Sabnis (Auteur), 2019, Risk Analysis of the MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) Project, Munich, GRIN Verlag, https://www.grin.com/document/948566
