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

Arga Santoso and Setyo Riyanto
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Arga Santoso: Master of Management Student, Mercu Buana University, Jakarta, Indonesia
Setyo Riyanto: Master of Management Student, Mercu Buana University, Jakarta, Indonesia

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 6, 601-605

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.

Date: 2020
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