Establishment of Organizational Risk Management Framework Report

This report, titled "Establishment of an organizational risk management framework," analyzes the application of risk management in a toll road construction project in Indonesia, considering the perspectives of various stakeholders including contractors, owners, and the community. The analysis begins with an examination of the 7 W's (who, what, why, where, which way, what resources, and when) to understand the project's context and risk factors. It then delves into the project risk management framework, exploring risk categories, probability, and impact, and the use of contractual instruments for uncertainty management. The report identifies both positive aspects, such as the categorization of risks, and negative aspects, such as the absence of risk auditing and unclear roles of stakeholders. Finally, it discusses the maturity levels of an organization in construction projects, highlighting the importance of contracts, transparent pricing, and efficient allocation of uncertainty. The report recommends the implementation of a corporate risk management framework, providing insights into the organizational changes needed to manage the risks effectively.