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All Journal Journal of Business and Management Indonesian Journal of Business and Entrepreneurship (IJBE) EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Mirai Management Journal of Economic, Bussines and Accounting (COSTING) Journal of Innovation, Business and Entrepreneurship Journal of Islamic Monetary Economics and Finance International Journal of Financial, Accounting, and Management Jurnal Ekonomi Manajemen Sistem Informasi Jurnal Social Library Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) International Journal of Science and Environment Economics and Business Journal Priviet Social Sciences Journal Jurnal Rekayasa elektrika Journal Integration of Social Studies and Business Development IIJSE Journal Integration of Management Studies
Taufik Faturohman
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Agriculture, Biological Sciences & Forestry Humanities Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Physics Social Sciences Other

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RISK ANALYSIS AND RISK MONITORING FOR PROJECT: CASE STUDY ON CONVEYOR CONSTRUCTION PROJECT Prilly Febi Pratiwi; Faturohman, Taufik
Journal of Economic, Bussines and Accounting (COSTING) Vol. 8 No. 6 (2025): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/krzr8t18

Abstract

PT Bukit Asam Tbk has ambitious production and sales targets for its long-term planning. Meanwhile, research shows that coal prices tend to be stable and declining, while oil prices tend to rise. The condition requires PTBA to maintain control over production costs and maximize profits. To improve production efficiency, reengineering is necessary to achieve the lowest possible production costs while maximizing output. One of PTBA’s efforts to improve production efficiency is the construction of an in-mine conveyor, a solution for coal handling, which currently relies on trucking for this route. Ensuring sufficient capital expenditure is crucial to project success. In addition to commitment from all parties, consistent risk management is also necessary to identify and mitigate potential risks that could derail project objectives. However, it is understood that, under current conditions, the project’s risk management practices are not yet integrated or comprehensive. A gap analysis was conducted to assess the effectiveness of PTBA’s current project risk management implementation, comparing it with international standards (ISO 31000:2018) and PTBA procedures. The study revealed that risk management in the PTBA project was not yet well established, as evidenced by risks not identified in the initial risk list. The risk analysis process was not comprehensive, as evidenced by the continued reliance on qualitative expert assessments despite the availability of quantifiable data. Furthermore, risk prioritization was not carried out, leading to all risks being mitigated, even those considered low or low to moderate, and a lack of focus on significant risks. Furthermore, monitoring for the conveyor project within the mine was inconsistent. Recognizing this alignment, a re-identification was conducted by first compiling an analysis document of the project’s internal and external factors using the 5M (People, Machines, Methods, Money, Materials) and PESTEL (Political, Economic, Social, Technological, Environmental, and Legal) analysis. A risk analysis of the conveyor project’s risk levels within the mine was conducted, specifically calculating their impacts and simulating them in a financial model to determine the project’s NPV and IRR. Next, risk prioritization was undertaken to identify the Project’s Key Risks. Furthermore, a mitigation plan was developed, including the Project Implementation Unit (PIC), outputs/deliverables, and timeframe. In addition, key risk indicators (KRIs) are designed to provide early warning signs for each risk. Routine monitoring of these Key Risks is planned at least once a month, with more frequent monitoring if needed.
Strategic Planning and Economic Valuation for Slope Optimization in PIT X PT ABC Khairunissa, Dzakkiyyah Nur; Faturohman, Taufik
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.9748

Abstract

This research evaluates two strategic options to extend the life of PT ABC's mature Pit X coal mine beyond its 2027 closure date. The study compares a river relocation plan (Scenario 1) against an integrated approach adding slope depressurization (Scenario 2). The objective is to determine which strategy offers superior economic value under market and regulatory uncertainty. A mixed-methods framework combines PESTEL and VRIO analyses to assess external conditions and internal capabilities, followed by a detailed discounted cash flow (DCF) model using a 13.31% discount rate. Financial results indicate Scenario 2 delivers stronger performance, with an NPV of IDR 2,321.20 billion, an IRR of 60.46%, and a 1.96-year payback period, outperforming Scenario 1 (NPV: IDR 2,283.41 billion, IRR: 40.68%, payback: 7.29 years). The added value stems from improved slope stability, which reduces overburden stripping by 16.4%, increases coal recovery, and lowers land requirements. Sensitivity and Monte Carlo simulations confirm Scenario 2’s resilience, identifying production costs and export coal prices as key risk factors. The study provides an integrated strategic financial framework for evaluating mining optimization projects and offers PT ABC a clear recommendation to adopt the slope depressurization strategy. This approach maximizes economic returns while enhancing operational safety and long-term competitiveness.
Co-Authors Adam, Muhammad Ibrahim Adamilyara Aqil Abdulmannan, Adamilyara Aqil Adrian Pasca Alexandra, Anchilia Alpha Pudjono Ar Rasyid, Muammar Farras Arif Sumirat, Erman Arson Aliludin Bahtiar, Jessica Yunanda Dermawan Wibisono Fahmi, Ranip Fakhrul Hartasantoso, Fakhrul Herry Hudrasyah Hesti Susilawati Hidayat, Aisyah Indriaeni Ima Fatima, Ima Irham Fauzan Ardantyo, Irham Fauzan Isnaeni, Muharam Kevin Rizky Hidayat Khairunissa, Dzakkiyyah Nur Khansa Maharani, Auryn Khootimah, Chusnul Maesaroh, Maya Mukaromah, Latif Zuhriyah Nina Mellyana Nugraha, Tsamara Hasanah Pratama Maulana, Fajar Prilly Febi Pratiwi Purbayanto, Muhamad Anindya Hiroshi Rejeki, Tari Sri Rindawati Maulina Saddam, Teuku Muhammad Abidzar Sarifudin, Muhammad Sijabat, Dedy Syahputra Subekti, Hanifa Endru Syauqi, Shidqi Wawan Dhewanto Widhiatmoko H.P. Yogantara, Satya Elang Yulianti Yulianti