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Designing risk response from qualitative analysis, a strategy to avoid the project failure (Case study: Coffee plant construction project)
Risks has an impact on the project's productivity, performance, quality and cost limits. Therefore, risk needs to be managed with risk management plan. The objective of risk management is to recognize risks in a project and develop strategies to reduce or even avoid them, on the other hand to f...
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Main Authors: | , , |
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Format: | Conference Proceeding |
Language: | English |
Subjects: | |
Online Access: | Get full text |
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Summary: | Risks has an impact on the project's productivity, performance, quality and cost limits. Therefore, risk needs to be managed with risk management plan. The objective of risk management is to recognize risks in a project and develop strategies to reduce or even avoid them, on the other hand to find ways to maximize opportunities. Due to uncover the previous business process, Company X is going to build the new factory to coffee processing. Since the project has not been started, it is recommended to produce risk management plan in earlier stage of project. The process used in this research is identifying risk, performance qualitative risk analysis, and risk response plan, according to PMBOK 6 edition. In this research, WBS is used as input to identify risk which is processed into risk register and thereafter becomes probability and impact matrix. It is necessary to know the response or action that can be done. The result obtained from this research is risk register for coffee plant construction project which earned more than 43 risk. There are only 2 risks which sit on red level (high risk) and 3 risk which sit on orange level (medium risk). The most dangerous risk within this project is Project permit to start the work order has not been issued yet, wrong estimation on project budgeting. The first dangerous risk is triggered by poor stakeholder management plan while the second risk is triggered by poor site survey. The medium risks are commonly triggered by quality issue thus quality metric is suggested as risk response. |
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ISSN: | 0094-243X 1551-7616 |
DOI: | 10.1063/5.0106571 |