RISK ASSESSMENT FOR SMALL-SCALE ARCHITECTURE FIRM CASE STUDY: ARH ARCHITECT

• Main Author: Arif Rachman Hernomo, Mohammad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/51982
• Institution: Institut Teknologi Bandung

ARH Architect, an architectural firm based in Bandung established at the end of 2017, is a small-scale architecture firm. Services offered by ARH Architect are design and build, both scope in architectural design and interior design. A concern for small-scale architectural firms is unmeasurable risk in a business, especially in crises. Changes in market conditions, technological interventions, and the rapid development of trends have caused small-scale firms with supply chain and value chain difficulties to have a potential risk of high-rate business failure. The purpose of risk assessment needs to be done to minimize the risks that happen and help the firm achieve business goals. The research in this study uses ISO 31000:2018 framework. It aims to prioritize risks by classifying based on the possible impacts and risks in the business model, and qualitative risk analysis method can reduce uncertainty from risks with the highest priority likelihood and consequence identified in the business model. It is a method that has benefits in terms of cost and accuracy in setting priorities and planning the risk response in the business model. Implementation plan of risk response based on preventive action and contingency plan in improving the existing business model. An implementation plan is a preventive action that focuses on minimizing the risk with the highest likelihood and impact levels. It refers to the risk prioritization identified in the previous phase. It affects the resources requirements and as an attempt by the firm to improvise on the business model aspect.