Revealing Risk Factors and Risk Levels in Housing Construction Projects in Sukoharjo Regency, Indonesia

Abstract

Business in the housing sector attracts many business actors to invest, because of the large market opportunities and high-profit prospects. However, numerous danger factors that occur because of the house-building process are present after this situation. Project goals are frequently not met by developers who lack the necessary project risk management skills. This study tries to identify risk variables and establish which factors in a housing development project have the highest risk level. An organized survey questionnaire was used for the investigation. Critical risk factors were identified by data analysis using SPSS version 26.0 software and the statistical method of the mean score. According to the viewpoint of the respondents who took part in the survey, the level of risk is established based on the frequency of risk occurrence and the severity of the danger. According to the findings, Sukoharjo Regency housing construction projects were at risk for 31 major reasons. Three risk factors are categorized as high risk, namely errors in estimating costs, not considering unexpected costs, and limited project funds, and 9 risk factors are categorized as moderate risk. Knowing the risk level of each factor will make it easier to manage project risk.