Risk Analysis of the MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) Project

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

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.