Abstract
Abstract This research identifies risk sources, identifies risk factors, identifies the level of danger, identifies the level of vulnerability, identifies the level of capacity and determines risk priorities. Data collection was carried out through interviews and filling out questionnaires by resource persons involved in property development in the tourism area of Nusa Dua Resort ITDC Bali Province. The results showed that the risk factors that receive priority to be continuously mitigated and monitored are: interest rate and inflation risk, design risk, land maturation risk, and development financing risk. The level of risk in the development of the Nusa Dua Resort area is in the acceptable category so that it is feasible to build. The risk management process in this research can be applied to property development projects to help interested parties make investment decisions.
Highlights
The property business is a business that deals with all things that are tangible, have ownership rights, and have a period of use
This study aims to assess the risk at each stage of the property development process by taking into account the level of hazard, level of vulnerability and level of capacity
Based on the results of the risk assessment, it is concluded that the risk value in the development of the Nusa Dua Resort area is very low category from the highest score of 1.00
Summary
The property business is a business that deals with all things that are tangible, have ownership rights, and have a period of use. The property business is one of the most dynamic, risky and challenging businesses. Property development has a bad reputation for managing risk. Business in the property sector, like businesses in all other economic fields, needs to manage every risk it faces so that the balanced relationship between rate of return and business liquidity is not disturbed by events, both economic and non-economic, which happens outside of his business. The more successful entrepreneurs are in mitigating risk, the more interested they will be in investing, and vice versa. The smaller the environmental risk, the smaller the threat that needs to be managed so that entrepreneurs will be more interested in investing, developing their business or vice versa, [2]
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