Risk Assessment of First Overseas Mass Rapid Transit Project : Promulgating Interpretive Qualitative Paradigm for China Pakistan Construction Concession

Integrated Project Risk (PR) planning is an urge to reduce growing risk and achieve better project goals. The study illustrates about the inherent individual PR for the success of Mass Rapid Transit project encountered by each project stakeholder. Risks are addressed across project level, market level, and country level in a highly uncertain environment. For holistic analysis, the interpretive paradigm case study approach is followed for this unique project case application. Semistructured interviews were conducted to obtain feedback from construction experts, attached with the first Orange Line Metro Train (OLMT) project in Pakistan. Classification of complex Risk Factors (RFs) and Success Criteria (SC) for OLMT is quantified through thematic analysis and node process. Integrated Probability-Impact (PI) matrix is designed for the significance of factors at project evaluation stage. Subject to the findings of this study, it proposes a high-level Risk Assessment (RA) framework which signifies the classification and adaptation of key Success Factors (SF) at key stakeholder’s levels. Adequate findings derived from this study will help to better evaluate the Project Risk Management (PRM) practices for risk maturity in a limited budget and high complexity