Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL)
Vol. 3 No. 3 (2024): JUNE

PROJECT RISK MANAGEMENT IN SECTOR PUBLIC (Lessons Learned from Indonesia)

Almira, Aisyah (Unknown)
Nurkholis, Nurkholis (Unknown)
Atmini, Sari (Unknown)



Article Info

Publish Date
03 Sep 2024

Abstract

This study examines the implementation of risk management in public sector infrastructure projects in Indonesia funded by the APBN. Using a qualitative approach and case study method, data were collected through in-depth interviews with stakeholders such as risk managers and risk management teams. The findings indicate that the main risks include land acquisition, design, contractual, and completion time risks. Although risk management is applied at every stage, the lack of documentation hampers the evaluation of its effectiveness. The guidelines provided by the Ministry of Public Works and Housing help accommodate the primary risks but require further adjustments. The urgency of implementing risk management is high to prevent delays and cost overruns. It is recommended to develop specific guidelines, enhance documentation, and conduct continuous training and active collaboration among stakeholders to improve risk management effectiveness and ensure the success of infrastructure projects.

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Journal Info

Abbrev

MARGINAL

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

Description

Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) provides a scientific discourse about accounting, business, management, and economic issues both practically and conceptually. The published articles at this journal cover various topics from the result ...