NOLEGEIN Journal of Business Risk management

Strategic Risk Management for PMPML Bus Operation in Pune and PCMC Areas

  1. R. Ganesh.

Abstract

The purpose of this study is to improve public transportation safety and operational efficiency by examining the strategic risk management strategies used by PMPML buses that operate in the Pune and PCMC districts. The study investigates a thorough approach to risk management, which includes driver education initiatives, GPS-based tracking devices, and thorough road assessments. It evaluates a number of risk factors, including weather, traffic patterns, road conditions, illumination problems, and vehicle upkeep. The effectiveness of Journey Risk Management (JRM) system adoption in reducing these risks is examined. The study demonstrates how risk assessment and real-time data collection lead to more dependable and safe public transportation services. The effects of major projects on lowering traffic congestion and raising service quality are assessed, including the deployment of Bus Rapid Transit (BRT) systems and infrastructure upgrades. The results imply that systematic risk management and technical developments are essential for raising the standard of safety and effectiveness in public transportation. The paper ends with suggestions for additional study and technology application to deal with persistent issues in metropolitan public transit networks
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