Analyzing the uncertainty of toll road land acquisition using program uncertainty management

Abstract

Land acquisition is one of the most important activities in construction, particularly in toll road development. Many toll road projects in Indonesia have not been completed and many investors have become bankrupt because of unresolved land acquisition issues. The problem of land acquisition in Indonesia is due to uncertainty and very complex issues. In fact, land prices can be 10 times until 20 times higher, and construction costs can far exceed the original costs. Therefore, this paper aims to create a new value for stakeholders and organizations that handle negative uncertainties that can waste a large amount of investment in money using program uncertainty management. The results of this paper detail the process and analysis of program uncertainty management for land acquisition uncertainty in the case of Indonesian toll roads.