This paper discusses the project management analysis of the Mumbai Metro Project, a significant component of the Mega City Scheme initiated by the Government of India. The project aims to address transportation challenges in the Mumbai Metropolitan Region (MMR) caused by population and employment growth. It focuses on the Colaba–Bandra–SEEPZ corridor, connecting financial hubs, educational institutions, recreational facilities, and airport terminals. The project's objectives include mitigating climate change, reducing congestion, improving mobility and access to education and jobs, and increasing labour productivity. The paper summarizes factors contributing to project delays and highlights the role of project management consultants and their encountered challenges. It emphasizes the importance of risk mitigation strategies to reduce exposure and minimize the probability and impact of various risks. The paper concludes with recommendations to mitigate challenges related to land acquisition, planning, third-party liability, regulatory and administrative delays, design and construction risks, scope changes, financial issues, and technology risks, all critical for successful project implementation.