Risk Identification and Management of State-Owned Assets: A Case Study of the ABC Office

Abstract

The management of State-Owned Assets (SOA) at the ABC Office has consistently
been identified as an issue in the audit findings of the Supreme Audit Agency
(BPK) from 2021 to 2023. This persistent concern necessitates an analysis to
determine whether the risk identification processes for SOA management at the
ABC Office align with the standards outlined in PMK Number 222 of 2021 and
KMK Number 105 of 2022. This study employs a qualitative case study
methodology. The research findings were derived from a content analysis of
secondary data and validated through semi-structured interviews with eight
informants employed at the ABC Office. These combined methods ensured the
reliability and depth of the results. The study's findings reveal that the risk
identification process for managing State-Owned Assets does not fully comply
with the relevant regulations. A significant issue lies in the tendency to prioritize
risk events based on the focus and directives of the unit leader overseeing the risk
owner. Consequently, several critical risks related to SOA management remain
unidentified. To address these shortcomings, it is essential for the ABC Office to
enhance the involvement of the risk management unit. By providing greater
support to the SOA management unit (the risk owner), the risk management unit
can facilitate the selection of appropriate risk identification techniques. This
approach would enable the identification of key risks that hinder effective SOA
management, thereby improving compliance and operational effectiveness.