Manufacturing Risk Identification in the Steel Industry

Abstract

The steel manufacturing industry is an inseparable part of the nuclear power plant construction project. This industry is a business full of dynamics, risks, and challenges. The implementation of risk management becomes an obligation that must be executed in managing this very complex project. In general, risk management in manufacturing includes steps to understand and identify potential problems that may occur, evaluate, monitor, and handle risks. The main risk management objectives are to prevent or minimize adverse effects due to unforeseen events through risk aversion or preparation of contingency plans related to those risks. This paper describes the identification of risk factors and assessments using the Boston Matrix. The results of the analysis show that unrealistic schedules, skill not appropriate, not available equipment, transportation barriers to the workshop, fluctuations in steel material prices, wrong specifications from owner, incorrect interpretation of specifications, misinterpretation of drawings, incorrect volume, material storage, wrong cutting, incorrect installation, and wrong order are factors with moderate and high risk.

Keywords

• industries
• nuclear power plant
• risk management
• steel manufacturing