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Managing Construction Risks of the Toll Road Project in Indonesia

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BibTeX

@article{IJASEIT1349,
   author = {Ari Sandhyavitri and Indrayadi Talha and Manyuk Fauzi and Sigit Sutikno},
   title = {Managing Construction Risks of the Toll Road Project in Indonesia},
   journal = {International Journal on Advanced Science, Engineering and Information Technology},
   volume = {7},
   number = {5},
   year = {2017},
   pages = {1934--1942},
   keywords = {risk management; toll road; project life cycle; probabilities; costs},
   abstract = {Constructing a toll road project required relatively high capital outlays and involving complicated activities. The typical of the project is classified as sensitive to risks and uncertainties. Proper risk management during construction lifecycle period may yield substantial certainties in reducing risk costs. The risk costs were calculated using stochastic analyses.  The results showed that there were 7 main activities which were considered as the riskiest ones, and in need to manage such as; construction of concrete structures, road pavement, ground works, interest during construction (IDC), escalation costs, base and sub-base course aggregate, and land acquisition activities.  This study identified that before conducting risk mitigation, there was 90% probability of the project costs would be at the range of IDR 23.06 Trillion to IDR 23.96 Trillion. After implementing risk mitigation, there was 90% probability the project cost would decrease at the range of IDR 21.53 Trillion to IDR 22.42 Trillion. Risk Management may reduce project risk costs systematically.},
   issn = {2088-5334},
   publisher = {INSIGHT - Indonesian Society for Knowledge and Human Development},
   url = {http://ijaseit.insightsociety.org/index.php?option=com_content&view=article&id=9&Itemid=1&article_id=1349},
   doi = {10.18517/ijaseit.7.5.1349}
}

EndNote

%A Sandhyavitri, Ari
%A Talha, Indrayadi
%A Fauzi, Manyuk
%A Sutikno, Sigit
%D 2017
%T Managing Construction Risks of the Toll Road Project in Indonesia
%B 2017
%9 risk management; toll road; project life cycle; probabilities; costs
%! Managing Construction Risks of the Toll Road Project in Indonesia
%K risk management; toll road; project life cycle; probabilities; costs
%X Constructing a toll road project required relatively high capital outlays and involving complicated activities. The typical of the project is classified as sensitive to risks and uncertainties. Proper risk management during construction lifecycle period may yield substantial certainties in reducing risk costs. The risk costs were calculated using stochastic analyses.  The results showed that there were 7 main activities which were considered as the riskiest ones, and in need to manage such as; construction of concrete structures, road pavement, ground works, interest during construction (IDC), escalation costs, base and sub-base course aggregate, and land acquisition activities.  This study identified that before conducting risk mitigation, there was 90% probability of the project costs would be at the range of IDR 23.06 Trillion to IDR 23.96 Trillion. After implementing risk mitigation, there was 90% probability the project cost would decrease at the range of IDR 21.53 Trillion to IDR 22.42 Trillion. Risk Management may reduce project risk costs systematically.
%U http://ijaseit.insightsociety.org/index.php?option=com_content&view=article&id=9&Itemid=1&article_id=1349
%R doi:10.18517/ijaseit.7.5.1349
%J International Journal on Advanced Science, Engineering and Information Technology
%V 7
%N 5
%@ 2088-5334

IEEE

Ari Sandhyavitri,Indrayadi Talha,Manyuk Fauzi and Sigit Sutikno,"Managing Construction Risks of the Toll Road Project in Indonesia," International Journal on Advanced Science, Engineering and Information Technology, vol. 7, no. 5, pp. 1934-1942, 2017. [Online]. Available: http://dx.doi.org/10.18517/ijaseit.7.5.1349.

RefMan/ProCite (RIS)

TY  - JOUR
AU  - Sandhyavitri, Ari
AU  - Talha, Indrayadi
AU  - Fauzi, Manyuk
AU  - Sutikno, Sigit
PY  - 2017
TI  - Managing Construction Risks of the Toll Road Project in Indonesia
JF  - International Journal on Advanced Science, Engineering and Information Technology; Vol. 7 (2017) No. 5
Y2  - 2017
SP  - 1934
EP  - 1942
SN  - 2088-5334
PB  - INSIGHT - Indonesian Society for Knowledge and Human Development
KW  - risk management; toll road; project life cycle; probabilities; costs
N2  - Constructing a toll road project required relatively high capital outlays and involving complicated activities. The typical of the project is classified as sensitive to risks and uncertainties. Proper risk management during construction lifecycle period may yield substantial certainties in reducing risk costs. The risk costs were calculated using stochastic analyses.  The results showed that there were 7 main activities which were considered as the riskiest ones, and in need to manage such as; construction of concrete structures, road pavement, ground works, interest during construction (IDC), escalation costs, base and sub-base course aggregate, and land acquisition activities.  This study identified that before conducting risk mitigation, there was 90% probability of the project costs would be at the range of IDR 23.06 Trillion to IDR 23.96 Trillion. After implementing risk mitigation, there was 90% probability the project cost would decrease at the range of IDR 21.53 Trillion to IDR 22.42 Trillion. Risk Management may reduce project risk costs systematically.
UR  - http://ijaseit.insightsociety.org/index.php?option=com_content&view=article&id=9&Itemid=1&article_id=1349
DO  - 10.18517/ijaseit.7.5.1349

RefWorks

RT Journal Article
ID 1349
A1 Sandhyavitri, Ari
A1 Talha, Indrayadi
A1 Fauzi, Manyuk
A1 Sutikno, Sigit
T1 Managing Construction Risks of the Toll Road Project in Indonesia
JF International Journal on Advanced Science, Engineering and Information Technology
VO 7
IS 5
YR 2017
SP 1934
OP 1942
SN 2088-5334
PB INSIGHT - Indonesian Society for Knowledge and Human Development
K1 risk management; toll road; project life cycle; probabilities; costs
AB Constructing a toll road project required relatively high capital outlays and involving complicated activities. The typical of the project is classified as sensitive to risks and uncertainties. Proper risk management during construction lifecycle period may yield substantial certainties in reducing risk costs. The risk costs were calculated using stochastic analyses.  The results showed that there were 7 main activities which were considered as the riskiest ones, and in need to manage such as; construction of concrete structures, road pavement, ground works, interest during construction (IDC), escalation costs, base and sub-base course aggregate, and land acquisition activities.  This study identified that before conducting risk mitigation, there was 90% probability of the project costs would be at the range of IDR 23.06 Trillion to IDR 23.96 Trillion. After implementing risk mitigation, there was 90% probability the project cost would decrease at the range of IDR 21.53 Trillion to IDR 22.42 Trillion. Risk Management may reduce project risk costs systematically.
LK http://ijaseit.insightsociety.org/index.php?option=com_content&view=article&id=9&Itemid=1&article_id=1349
DO  - 10.18517/ijaseit.7.5.1349