Book Title: Case Studies in Business Management
Editor: Dr. Nilesh Anute
ISBN: 978-81-979197-9-4
Chapter: 15
DOI: https://doi.org/10.59646/csc15/253
Author: Prof. Vijaya Bhagavansingh Rajput, Assistant Professor, Sinhgad Business School, Pune, Maharashtra, India
Learning Objectives
The learning objectives of this case study are comprehensive and designed to provide a deep understanding of risk management in the Indian construction industry, with a particular focus on Larsen & Toubro (L&T). Learners will first gain insights into the various types of risks prevalent in this sector, such as financial, operational, regulatory, and environmental risks, and understand how these risks can impact construction projects. They will then analyze the risk management framework implemented by L&T, exploring the company’s systematic approach to identifying, assessing, and mitigating risks. This includes evaluating the effectiveness of various risk mitigation strategies employed by L&T, such as diversification, contractual protections, and contingency planning. Additionally, the study will discuss the pivotal role of technology in enhancing risk management practices, highlighting tools like project management software, real-time data analytics, and predictive modeling.