L & T Outthink 2019

Submitted by:
Team: Gamers
Vinay R S
Rajkeerthi Ananthan
J Sai ram teja
Is the proposal for transforming Prayagraj
adequate and what are the additional
systems you would propose?
 Yes the proposal is adequate
 Smart city project will help prayagraj in long run
 It will help prayagraj to grow
 It will pave way for technology development
 Since prayagraj is the first smart city in india, it will get good facilities from
state and central government
 Government can start electric autos or taxis
 AI based surveillance system during Kumbh mela
Risks and Opportunities in Smart city
project
Opportunities
 Investments in Smart Cities technologies will create dynamic opportunities for
both emerging and established technology companies
 Smart traffic sensors can report road conditions and traffic congestion to
direct traffic control resources, snow plowing, and first responders where
they are needed
 Smart Cities are designed to facilitate communication in a given area by
increasing connectivity between city government, devices, and people on the
street
 local businesses can leverage these opportunities and can grow
 Smart cities help the local residents to be on par with large cities in terms of
technology offered
Risks
 Collecting and analyzing vast amounts of data is at the heart of Smart Cities,
and companies and govt should be aware of the unique privacy issues and
obligations that may be implicated
 With regard to intellectual property, contractors must diligently protect their
intellectual property rights in technical data and computer software, and this
will be a unique concern in a technology-driven field like Smart Cities
development
 Smart Cities contractors need to be aware of the threat of the criminalization
of contract disputes with the Government
 Smart city may hurt the sentiment of local population
 Without proper infrastructure smart cities may fail in few years
Contractual considerations should the bidder
take into account while bidding for a large
smart city project?
 They should consider whether they can complete the project based on user
requirement within the stipulated time
 They should consider is the project profitable to them
 They have to consider whether they have enough financial and other
resources to complete the project
 Whether the project helps them to become to global brand
 When contractor has expertise to complete a smart city project
 A company must do its homework to ensure that it knows, and complies with,
the myriad unique rules that apply in this environment.
Implementation challenges and
measures to mitigate them?
Challenges
 A company should do proper home work about the place
 Company should consider the sentiment of local population
 Company should have back up plan if things go wrong with first plan
 Company should always focus on big picture
 Have strong and supportive senior management team
 Be in constant touch with government
Measures to mitigate them
 Running out of fund
 Locals may be against it
 Maintaining unwavering value
 Leveraging infrastructure that is already in place
 Changes in scope of project
 Lack of contingency plans
Measures and best practices that the project
team could have adopted for improving the
project profitability?
 Reduce input costs
 Increase project efficiency
 Good involvement of staff
 Outsourcing few services to reduce project completion time
 Have a good and thorough plan and also contingency plan in case the main
plan fails
 Enter into strategic alliances with your suppliers and distributers
 Strategize to increase economies of scale by working with local established
networks
Additional revenue generating opportunities
for the Implementation Agency a projects?

 Their reputation will improve

 They will be recognized for their work all over the country
 They can get global recognition if they have done impressive work
 They might get different projects from the government
 They can use this experience and grow
 Their network will increase
 New business opportunity.