An Integrated Relative Importance Index, Risk Allocation and Bow Tie Analysis for Analyzing Risks of the Amartha View Apartment Development Project

Abstract

Construction projects have quite a number of risks that can have an impact on the objectives of the project such as cost, time and quality. Good risk management is very important for the success of a project. The Amartha View Apartment development project experienced a variety of problems that affected the smooth running of the project, including late payments from the owner, late material shipments, and delays in achieving project achievement targets. Because of the existence of these various problems, the researcher intends to conduct research with the aim of identifying the risks that have been and may occur in the project, then conducting a risk assessment. Then classify risk allocation, and provide a control strategy (response) to critical risks. Research begins with identification of risks in the project, then evaluates the risks that have been identified. The method used in risk assessment is relative importance index. After conducting a risk assessment, then determining the response strategy that can be carried out on risks with a high category. Determination of response strategies using the bow tie analysis method that will produce a bow tie diagram. There were a total of 3 risks included in the high category including delays in obtaining road access, restrictions on vehicle hours and location delays.