Indonesia′s Leading Integrated EPC & Investment Company

Risk Management

WIKA realizes that risk has become an integral part of every business process. These risks are attached to all activities and decision-making and the impact of those risks can significantly affect the stability of the company. Along with its achievements as an EPC and Investment company, WIKA needs a risk management system that brings all forms of uncertainty into the Company’s focus. Risk Management is becoming increasingly important as a basis for decision-making by the company to ensure that the business wheels of the company continues to spin. Risk Management is a culture, where processes and structures are managed and directed to appropriate management, against potential opportunities and adverse impacts.


Pertaining to the Ministry of SOE Regulation No.Per-01/MBU/2011 on the Implementation of Good Corporate Governance (GCG), as of May 31, 2018, the Company formed Risk Management Department under the supervision of the Board of Directors. The department main function is the implementation, the development and assessments of risk management system in a corporate level that is integrated management of all the functions according to the vision/mission of WIKA and control the implementation of risk management system that have been certifiedin an attempt to fulfil the company productivity. 



The person in charge for the Risk Management function at each level owns the certification of CRMO (Certified Risk Management Officer) and CRMP (Professional Certified Risk Management)


Enterprise Risk Management Framework

WIKA’s Enterprise Risk Management (ERM) Framework is a set of components that form the organization foundation and make-up, where management is inherent in all Bureaus, Departments, Divisions and all project functions within WIKA. With this framework, information on risks will be submitted to the authorized parties to be used as the basis for decision-making.


  • The results of risk management implementation evaluation in 2020 show that the implementation of risk management in WIKA is “managed” with measured, managed, and valid risks throughout the Company.
  • The implementation of risk management is evaluated through self assessment mechanism. WIKA strives to improve and enhance the consistency of risk management implementation in all business processes r to achieve excellence.
  • The 2020 assessment results through project level, operations departments and WIKA subsidiaries assessments indicates that the level of maturity in the risk management application is atthe 4,00 level.
  • During 2020, Strategic Risk and Operational Risk have been identified and the risk mitigation has been carried out accordingly.


Wijaya Karya (Persero) Tbk. (WIKA.JK)



PT WIKA Industri Energi
PT Jasamarga Kunciran Cengkareng
PT Jasamarga Bali Tol
PT WIKA Jabar Power
PT Prima Terminal Petikemas
PT Citra Marga Lintas Jabar
PT Pilar Sinergi BUMN Indonesia
PT Air Minum Indonesia
PT. Trans Pacific Petrochemical Indonesia TPPI
PT Jasamarga Balikpapan Samarinda
PT Jasamarga Manado Bitung