COMPARISON OF RISK MANAGEMENT ANALYSISBETWEEN PMBOK (2017), ISO (31000: 2018) AND AS / NZS (4360: 2009)

Abstract

Risk management is the process of identifying, analyzing and making risk management decisions based on the results of identification and analysis which aim to maximize positive things and minimize negative things in a construction project. The purpose of this study is to provide recommendations regarding the use of analytical tools in construction project risk management using PMBOK, ISO or AS / NZS references. The analysis is developed by paying attention to existing references so that it becomes clear how to use this tool to analyze risk management. Accuracy in using risk management tools will help risk management actors make better and clearer decisions, and progress can be monitored by stakeholders involved in risk management. This research method uses a manual literature study method, and then a comparison of each of these methods is carried out. The study found that each risk management analysis tool has its advantages in each of its phases; the combined ability of each tool will enrich risk management studies.