Risk management: a study on Program for Supporting Rural Bridges (SupRB) Project

Abstract

Program for supporting Rural Bridges (SupRB) is one of the largest and most important programs of the Local Government Engineering Department (LGED) and the success of the project is closely linked to how the uncertainty or risk associated with the outcome is managed. For this project to succeed, different people and organizations need to share their knowledge and experience to achieve the project's goals. If properly managed, the risk will achieve the project and possibly not exceed those objectives and cause the project to fail. There is a framework for what risk management should look like. Use qualitative methods based on literature and interviews. This study explores potential problems in risk management practices and suggests strategies to address them. In addition, risk opportunities are managed in the same system that is less likely to manage risk and exploit opportunities. Today, most work focuses on how projects perform on budget and schedule, making risk management reactive rather than proactive.