Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Engineering Applied Science 2024 (ICoSTAS-EAS 2024)

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Risk Analysis of Implementation of Cost Estimation Activities for Construction Projects

Authors
I Nyoman Suardika1, *, Ni Kadek Sri Ebtha Yuni1, Ni Putu Indah Yuliana1
1Civil Engineering Department, Politeknik Negeri Bali, Bali, Indonesia
*Corresponding author. Email: nyomansuardika@pnb.ac.id
Corresponding Author
I Nyoman Suardika
Available Online 1 December 2024.
DOI
10.2991/978-94-6463-587-4_27How to use a DOI?
Keywords
Construction Project; Cost Estimation; Risk Analysis
Abstract

Implementing construction projects requires several costs resulting from the budget planning process (cost estimation). Budget planning activities or cost estimation carried out by an estimator will always be accompanied by uncertainty that can cause the estimation results to be inconsistent with the implementation of the project. The purpose of the research is to find out the risks, assess the risks, and determine the dominant risks in the project cost estimation. The research uses a quantitative descriptive method with data collection through surveys and interviews. The research respondents were determined by the purposive sampling method. The research shows that there are 28 (twenty-eight risks) that may occur from 9 (nine) sources of risk, namely understanding tender documents (4 risks), survey process (3 risks), volume estimation (2 risks), identification of project resource needs (3 risks), preparation of implementation methods (1 risk), calculation of project costs (4 risks), preparation of schedules (3 risks) and project teams (5 risks). The acceptance of risks is in the unacceptable category of 8 (eight) risks and undesirable (undesirable) 20 (twenty) risks.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Engineering Applied Science 2024 (ICoSTAS-EAS 2024)
Series
Advances in Engineering Research
Publication Date
1 December 2024
ISBN
978-94-6463-587-4
ISSN
2352-5401
DOI
10.2991/978-94-6463-587-4_27How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - I Nyoman Suardika
AU  - Ni Kadek Sri Ebtha Yuni
AU  - Ni Putu Indah Yuliana
PY  - 2024
DA  - 2024/12/01
TI  - Risk Analysis of Implementation of Cost Estimation Activities for Construction Projects
BT  - Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Engineering Applied Science 2024 (ICoSTAS-EAS 2024)
PB  - Atlantis Press
SP  - 229
EP  - 237
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-587-4_27
DO  - 10.2991/978-94-6463-587-4_27
ID  - Suardika2024
ER  -