Risk Management Process on the Property Development of NUSA DUA Resort Bali Indonesia

Abstract

This research identifies risk sources, identifies risk factors, identifies the level of danger, identifies the level of vulnerability, identifies the level of capacity and determines risk priorities. Data collection was carried out through interviews and filling out questionnaires by resource persons involved in property development in the tourism area of Nusa Dua Resort ITDC Bali Province. The results showed that the risk factors that receive priority to be continuously mitigated and monitored are: interest rate and inflation risk, design risk, land maturation risk, and development financing risk. The level of risk in the development of the Nusa Dua Resort area is in the acceptable category so that it is feasible to build. The risk management process in this research can be applied to property development projects to help interested parties make investment decisions.

Keywords

• property
• risk
• hazard
• vulnerability
• capacity