Integrating House of Risk Method with PESTLE and CIMOSA for Risk Assessment of Java-Bali I Power Plant Construction Project

Abstract

Java-Bali I Combined Cycle Power Plant Project is part of 35,000 MW electrical generating development program. To fulfil the project construction objectives, a risk assessment is needed. It is started with risk identification using PESTLE analysis and CIMOSA approach. It can be identified that there are 18 risk events for external factor, 22 risk events for internal factor and 54 risk agents that will be analysed using House of Risk (HOR) stage 1 method. Focus Group Discussion (FGD) is held for assessing severity of each risk events and occurrence of risk agents, also the correlation between them. Using HOR stage 1 is obtained Aggregate Risk Potential (ARP) value for each risk agents. Using pareto analysis, 11 risk agents is chosen as priority and will be evaluated using HOR stage 2. Using HOR stage 2 method, 7 preventive actions (PA) are identified to prevent risk agents occur. As final result, using Cost Benefit Analysis (CBA), 7 recommendations is suggested in order to make project successful according to the target specified.