PROJECT RISK MANAGEMENT IN YOGYAKARTA

The construction industry is highly potential for the risk of failure. The probability of risk in the construction industry is high because of the process from the designing, investment, bidding, until the construction project done is very complex. Risk is unpredictable events that will affect the profitability of project investment. It is a common thing that the failures result in project delay, cost overruns, and the change scope of work. Risk management can reduce or even avoid the damages that resulting failures in many projects. The aim of this research is to identify existing factors that influence risks in the construction project in Yogyakarta. It is essential for the contractors and consultant companies to understand deeply about the risk management so that both of the contractors and consultants can get more potential benefits to minimize and avoid the risks in construction project activities