IMPLEMENTATION OF RISK MANAGEMENT STANDARD TO ACCELERATE PROJECT PERFORMANCE CASE STUDY IN PT PEMBANGUNAN RUMAH INDONESIA

• Main Author: Mayangsari, Dewi
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/53939
• Institution: Institut Teknologi Bandung

PT Pembangunan Rumah Indonesia as known as the pioneer of housing and residential development in Indonesia as well as the National Housing and Urban Development Corporation has a strategic role in the development of Indonesia's territory, especially in matters relating to the provision of decent, affordable housing and housing with a supportive location environment for the sake of achieving an increase in the quality of life of the Indonesian people. Through its transformation efforts as a State-Owned Enterprise, it is currently expanding its business to support company performance. Opening new land absorbs a large enough budget. Purwakarta Regency, Bandung Regency, and Cilegon City are pilot projects where the absorption of the company's budget is quite large, so it must be balanced with promising revenue. This is an effort to attract investors as a form of project financing while at the same time accelerating the circulation of liquid capital within the company. Seeing the current condition, which is in accordance with the scope of the discussion of this writing, it is stated that from the data obtained, there are several projects that have experienced an overbudget even at the beginning of land clearing. This paper is a research study as well as treatment that helps solve potential problems currently faced by the company as a form of identification and treatment of issues that arise both internally and externally to survive in uncertain conditions. This is where there is a need for a company risk management study as company protection from the complex business chain and the risks faced by the company. The formulation of a business feasibility risk assessment will help the Landed Property Development Department, which is under the Corporate and Business Development Directorate, take strategic steps in collaboration with the Design Center and Technical Planning and the project operational team from Regional IV is able to plan, control and evaluate projects which is accurate, accountable, and can be applied gradually in order to anticipate the long term for all uncertain events. Basically, the process of feasibility studies and risk mitigation plays a strategic role for all projects that will run, namely as the initial investment initiation. Therefore, conducting a preventive study analysis in the early stages of a project is of fundamental importance in order to save the company's cash flow in facing pandemic condition. After going through a process of review and identification involving related stakeholders, the authors formulate a treatment and action plan as a solution to potential risks that can be applied in the framework of the project feasibility study process, up to project implementation. These points are addressed including input to management regarding standard operational procedures which must be reviewed and adjusted again, particularly regarding the existence of corporate risk management.