Study of risks in high rise building projects in India and the mitigation measures

Development of high-rise project is a complex phenomenon. Management of such projects involves integration of various processes and activities which contains several risks. Few such risks are land disputes, shortage of manpower, materials, tools and machineries, delay in approval from government, poor scheduling, poor estimate, cash flow shortage, etc. These risks may be interrelated and its impact may be progressive on other activities and processes. The above risks may have serious impact on overall quality, budget and schedule of project and ultimately non meeting of “Business Objectives” like financial loss, damage to brand reputation, court cases, stalling of project etc. To overcome these issues, identification of major risks, analysis of the causes and mitigation steps should be implemented throughout the project duration for the successful development of high-rise projects. In the present work effort has been made to study these risks and causes through literature review, field experience and interviewing the concerned experts. The authors attempted to aware project managers, contractors and consultants about major risks and causes in high-rise project across India, so that it’s serious impacts on project or business objectives could be avoided or mitigated.