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@article{192330,
        author = {Ms. Kumbhar Sonal Bharat and Prof. Sandip S. Chavan and Dr. Rahul V. Kajave},
        title = {Risk Management Framework for Infrastructure Projects: A Case Study Approach},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {9},
        pages = {1019-1034},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=192330},
        abstract = {National highway development projects in India are characterized by large-scale, multiple stakeholders, complex implementation arrangements, and exposure to diverse technical, environmental, financial, and institutional risks. This paper presents a structured risk management framework for infrastructure projects, demonstrated through a case study of the upgradation of National Highway-9 (NH-9) in the state of Maharashtra. The case study focuses on the feasibility-cum–detailed project report (DPR) preparation and implementation planning for capacity augmentation of a 135 km highway corridor to a 2/4-lane configuration with paved shoulders, undertaken under the Engineering, Procurement, and Construction (EPC) mode. The project was commissioned by the Ministry of Road Transport & Highways (MoRT&H), Government of India, with Maharashtra State Road Development Corporation Ltd. (MSRDC) acting as Project Management Consultant and National Highways Authority of India (NHAI) as the employer and executing agency. The analysis covers key project packages with designed lengths of 42.131 km (Package-2) and 46.705 km (Package-3), along with additional widening provisions for palkhi pilgrimage routes. A comprehensive risk identification and assessment process was carried out across project development stages, including feasibility analysis, DPR preparation, land acquisition, environmental and social considerations, design coordination, and EPC structuring. Qualitative and semi-quantitative risk assessment tools, such as risk categorization, probability–impact evaluation, and prioritization matrices, were applied to evaluate critical risks. The findings indicate that early-stage risk identification, integration of regional climatic and demographic factors, and alignment with national highway standards significantly enhance project preparedness and reduce implementation uncertainties. The study demonstrates that the proposed framework provides a systematic and replicable approach for managing risks in large-scale highway infrastructure projects, contributing to improved decision-making, schedule reliability, and cost control.},
        keywords = {Risk Management Framework; Infrastructure Projects; National Highways; EPC Mode; Project Management Consultancy; Feasibility and DPR; Risk Assessment; NH-9 Maharashtra; Highway Development; India},
        month = {February},
        }