For risk appetite, the project team is guided by the provisions contained in the International Standards Organization (ISO) 31000 in 20 for risk appetite (as novelty). The result of this paper showed that the description of the project risk management of the consruction company in Indonesia generally by applying a measurable risk threshold that provides an overview of WIKA’s risk appetite and project stakeholders.
Methods of collecting data use observation, especially the direct observation (participant observation), in depth interview, especially the structured interview and documentation. This research is descriptive with qualitative approach. Specifically, it describes and examines seven processes are plan risk management, identify risks, qualitative risk analysis, quantitative risk analysis, plan risk responses, implement risk responses and monitor risks in that construction company. If the calculated costs based on the magnitude of the difference in the cost of crashing and normal, then there is an increased cost that is amounting to IDR 3,101,000.This research aimed to describe and examine the project risk management in Wijaya Karya, Inc (WIKA) based on the provisions in Project Management Body of Knowledge (PMBOK) Guide 2017. The total cost of the activity on the crashing of IDR 24,164,000. From the results of the calculation of the crashing, the project implementation of 48 weeks to 27 weeks. The research results obtained the academic information system project scheduling with CPM and PERT obtained time for completion of the whole project that is 48 weeks and slack time 8 weeks with the success of the project of 72.57% and cost budgeted IDR 21,063,000. Good project management is able to optimise time and cost, so it is able to reduce losses due to the delay of the project.
Project management can be used to estimate the acceleration of the project (crashing). Research on design of project management using the Cirital Path Method (CPM) and Program Evaluation and Review Technique (PERT).
Project management is required for to achieve the efficiency and effectiveness of an enterprise. Project management is an implementation of the majemen in a project to manage and achieve a certain result.
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