Risk mitigation plan for startup company Aplikasi Kriya Pratama

Abstract

A startup is an institution that develops new, technology-based innovative products. PT Aplikasi Kriya Pratama is a startup company operating in the fields of education and health tech businesses. Typically, startup companies are still in the development stage, and as a result, many of these startups experience failures. Therefore, risk management is necessary, involving the identification of uncertainties, risks, and potential impacts that may occur at PT Aplikasi Kriya Pratama in the education field. The purpose of this research is to propose prioritized risk mitigation actions at PT Aplikasi Kriya Pratama. The methods used to assess risks are Failure Mode and Effect Analysis (FMEA) and Fault Tree Analysis (FTA). FMEA is a structured procedure for identifying and preventing as many failure modes as possible, while FTA is a technique commonly used for studies related to the reliability risk of an engineering system. The expected outcome of this research is to assist PT Aplikasi Kriya Pratama in reducing the exposure to prioritized risks that could potentially impact the company.