CORPORATE STRATEGY TO DEVELOP COMPANY’S RISK BASED BUDGETING CASE STUDY OF RKAP PT ANTAM TBK 2018

• Main Author: RIO WIBAWA (NIM 29316117), ROMZI
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/30671
• Institution: Institut Teknologi Bandung

ANTAM's financial performance over the past 10 years was very fluctuating and tends to decline. ANTAM has not been able to maintain the growth in a sustainable manner even though ANTAM has high added value resources. The purpose of this study is to develop a risk management strategy at an annual corporate budget (RKAP) that will be establish as a risk based corporate budget adopting the framework of ISO 31000: 2009. <br /> <br /> <br /> <br /> There are three scenarios built in this study that is the pessimistic scenario, most likely, and optimistic. Pessimistic scenario is the worst possible outcome scenario in RKAP built if all inherent risk attached to the RKAP occurs. The most likely scenario is a scenario built by incorporating program and mitigation costs to prevent inherent risk so as to leave residual risk acceptable to its risks by the company. While the optimistic scenario is the best result scenario that may occur in RKAP. <br /> <br /> <br /> <br /> In RKAP 2018 ANTAM targets net income of Rp. 353 billion. Based on the results of this study, RKAP 2018 ANTAM provides a loss value of Rp. -715 billion for the pessimistic scenario, while for scenario most likely to provide a net income of Rp. 205 billion, as well as for optimistic scenario gives net income value of Rp. 1.006 billion. Risk-based corporate budgeting is expected to be one of the strategic solutions for companies to be able to oversee the work targets during the year with a high level of confident so that the annual targets can also in line along with the company's long-term plan targets.