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Risk Management Strategies at PT X Construction Company during Pandemic COVID-19

Author

Listed:
  • Arga Santoso

    (Master of Management Student, Mercu Buana University, Jakarta, Indonesia)

  • Setyo Riyanto

    (Master of Management Student, Mercu Buana University, Jakarta, Indonesia)

Abstract

The rapid spread of the COVID-19 outbreak had an impact on the Indonesian economy. One of them is the construction sector. PT X was affected by COVID-19; several projects had to be stopped temporarily following local government recommendations. Some targets set by the company were not achieved. Therefore, there is a need for good management to prevent the widespread and transmission of COVID-19. PT X developed a strategic plan regarding the potential impact of COVID-19 on the operational processes of its business services. PT X implements several management strategies, one of which uses risk management so that in the future, the company can make the right decisions in business management during this pandemic. It also anticipates the government’s plan to impose New Normal. With risk management, it is expected that uncertainties that cause losses can be reduced or even eliminated for the sustainability of activities in the company. Some concrete steps taken by PT X are monitoring the health of employees daily, making and implementing health protocols, and forming a COVID-19 ranger.

Suggested Citation

  • Arga Santoso & Setyo Riyanto, 2020. "Risk Management Strategies at PT X Construction Company during Pandemic COVID-19," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 601-605, June.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:6:p:601-605
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    References listed on IDEAS

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    1. Setyo Riyanto & Eny Ariyanto & Lukertina Lukertina, 2019. "Work Life Balance and its Influence on Employee Engagement “Y” Generation in Courier Service Industry," International Review of Management and Marketing, Econjournals, vol. 9(6), pages 25-31.
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