DEVELOP RISK BASED BUDGETING STRATEGY FOR CIRATA HYDRO POWER PLANT
The Operational Performance of Cirata Hydroelectric Power Plant during the last 5 years has fluctuated and tends to decline. PLTA Cirata has not been able to maintain operational performance. The purpose of this research is to develop a risk management strategy in the work plan and budget unit (RK...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/53403 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The Operational Performance of Cirata Hydroelectric Power Plant during the last 5 years has fluctuated
and tends to decline. PLTA Cirata has not been able to maintain operational performance. The purpose of
this research is to develop a risk management strategy in the work plan and budget unit (RKAU). The
risk-based budgeting strategy developed adopts the ISO 31000: 2018 framework
In this study three scenarios were developed, namely the pessimistic scenario, most likely and the
optimistic scenario. The pessimistic scenario is the scenario with the worst possible outcome if all the
inherent risks in the RKAU occur. The most likely scenario is a scenario developed by including a
mitigation program and costs to prevent inherent risk. In the most likely scenario, it is hoped that the
residual risk can still be accepted by the company. The optimistic scenario is a condition where the best
results are obtained by PLTA Cirata at RKAU.
In the 2021 RKAU, PLTA Cirata is targeting an EBIT of 1,225 billion Rupiah. Based on the study
conducted, in the pessimistic scenario, EBIT was obtained of 1,090.60 billion Rupiah, while for the most
likely scenario the EBIT was 1,196.14 billion Rupiah and in the optimistic scenario the EBIT was obtained
of 1,247.30 billion Rupiah.
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