Abstract
The pipe instalation of offshore EPC project has high risk of cost overruns due to the uncertainty of weather, human errors, pipe fabriction process, etc. All of those risks will cause the project delay. The optimiziation of risk based project scheduling can reduce the risks. Risk management can be optimized with combining some methods, such as Failure Mode and Effect Analysis (FMEA), Fault Tree Analysis (FTA), Critical Path Method (CPM) and Crashing Project method. The combination of these methods are used to do the data analysis in order to reduce the project total duration. Based on analysis using FMEA, FTA, CPM and crashing project method, the total of project duration can be reduced from 499 days to 489 days with Rp. 6.822.472,- as the additional cost of workers.
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