Relationship between SNI ISO 31000:2018 and other standard documents

Jatmiko, Dadang Prasetyo; Setyowati, Ajeng Hari; Putra, Yudrika

doi:10.54660/anfo.2022.3.4.3

Cited by 3 publications

(2 citation statements)

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“…Whenever the risks are managed properly, the use of budget becomes more productive. The benefits of ISO 31010 risk in budget optimization are summarized as: [6], [7]:  Providing objective information for cost allocation of each work.  An understanding of the costs of uncertainties, risks and opportunities, their potential impacts upon objectives and success.…”

Section: Risk Assessment Techniquesmentioning

confidence: 99%

Budget Optimalization using ISO 31000 Risk Assessment Method

2023

IJBMIEH

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Cost is always associated with complexity and risk. Project that has high complexity increases the associated risks along with the costs. The article takes case study of a state-owned energy company, XYZ that builds electricity transmission projects around Indonesia. Transmission project has high complexity since it involves various expertise of contractors and subcontractors. Using subcontractors in a transmission project is a common thing and it poses many risks associated with the chain of contractors and her subcontractors. Indonesia is surrounded with variety of topology such as forests, mountains, rural areas, and islands, has variety of risks associated with them. The article proposes the use of ISO 31000 risk assessment method to identify dan mitigate all possible risks along with further budgeting policy. Budgeting policy is needed to assist the project owner to assess the scope of work of each work-breakdown task within the chain of contractors/subcontractors. By learning all costs within each task, project owner can develop effective cost measures that can be applied in various project conditions.

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Section: Risk Assessment Techniquesmentioning

confidence: 99%

Budget Optimalization using ISO 31000 Risk Assessment Method

2023

IJBMIEH

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“…Risk assessment technique is used to ensure minimum errors or defects in the project results. The principal benefits of a performing risk assessment include some benefits [7], [8]:  Providing objective information for decision making.…”

Section: Risk Assessment Techniquesmentioning

confidence: 99%

Optimizing Subcontractor Work through ISO 31000 Risk Assessment Method

2023

IJATCSE

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Every project has its own risks associated with it. The more complex the project, the higher risks embedded within the project. Whenever the risk is not identified and mitigated properly, it will disrupt the project implementation. The article takes case study of a state-owned energy company, XYZ, that build electricity transmission system around Indonesia area. The transmission project requires various expertise that involves using multiple contractors with their subcontractors. Using the chain of contractors/subcontractors is a common thing in transmission project, so the project owner should ensure all risks within the chain should be properly managed. The article proposes the use of ISO 31000 risk assessment method to identify and mitigate all possible risks that may disrupt the project. The use of ISO 31000 method enables to lower the risk of project achievements from 79.74% success rates to more than 90%. The outcome of the article is expected to be used as a reference for project owner of transmission projects in Indonesia to manage the risks associated with the use of chain contractors and subcontractors.

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