A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Risk Allocation Implementation Analysis of Public-Private Partnership for Infrastructure Project (Case Study of the Solo-Yogyakarta-NYIA Kulon Progo Highway Project)
Indonesia is now concentrating on infrastructure development; the construction of roads, bridges, airports, dams, and toll roads are seemingly given more attention in comparison to others. As the infrastructure sector rapidly grows, it opens wider opportunities for investors. This study aims to identify and monitor the risk allocation process and preferences along with risk response(s) applied by related parties due to critical risk variables that might have happened in highway projects—especially Public–Private Partnership based infrastructure projects situated in Central Java, Indonesia; the Solo—Yogyakarta—NYIA Kulon Progo Highway Project. The result from collected questionaries—processed with descriptive analysis—shows that: (1) 15% of the risk variables are allocated to the Ministry of Public Works and Housing (the Government), (2) 50% are allocated to private parties, and (3) 35% of the variables are shared between both public and private parties. Using the Risk Failure Mode and Effect Analysis (RFMEA), Risk Score and Risk Priority Number of each risk variable is compared, resulting in the knowledge that 7 out of 60 risk variables related to the project completion experienced: delays, budgetary and work schedule amendment, project supervision and control, and risk events that occur due to force majeure. Those are 7 of critical risks that would need to be responded or mitigated.
Risk Allocation Implementation Analysis of Public-Private Partnership for Infrastructure Project (Case Study of the Solo-Yogyakarta-NYIA Kulon Progo Highway Project)
Indonesia is now concentrating on infrastructure development; the construction of roads, bridges, airports, dams, and toll roads are seemingly given more attention in comparison to others. As the infrastructure sector rapidly grows, it opens wider opportunities for investors. This study aims to identify and monitor the risk allocation process and preferences along with risk response(s) applied by related parties due to critical risk variables that might have happened in highway projects—especially Public–Private Partnership based infrastructure projects situated in Central Java, Indonesia; the Solo—Yogyakarta—NYIA Kulon Progo Highway Project. The result from collected questionaries—processed with descriptive analysis—shows that: (1) 15% of the risk variables are allocated to the Ministry of Public Works and Housing (the Government), (2) 50% are allocated to private parties, and (3) 35% of the variables are shared between both public and private parties. Using the Risk Failure Mode and Effect Analysis (RFMEA), Risk Score and Risk Priority Number of each risk variable is compared, resulting in the knowledge that 7 out of 60 risk variables related to the project completion experienced: delays, budgetary and work schedule amendment, project supervision and control, and risk events that occur due to force majeure. Those are 7 of critical risks that would need to be responded or mitigated.
Risk Allocation Implementation Analysis of Public-Private Partnership for Infrastructure Project (Case Study of the Solo-Yogyakarta-NYIA Kulon Progo Highway Project)
Lecture Notes in Civil Engineering
Kristiawan, Stefanus Adi (editor) / Gan, Buntara S. (editor) / Shahin, Mohamed (editor) / Sharma, Akanshu (editor) / Hartono, Widi (author) / Purnomo, Aloysia Putri Hastari (author) / Sunarmasto (author)
International Conference on Rehabilitation and Maintenance in Civil Engineering ; 2021 ; Surakarta, Indonesia
2022-07-19
10 pages
Article/Chapter (Book)
Electronic Resource
English