Lead Time Procurement Risk Risk of Investment Overbudget

PT Elnusa Tbk 2010 Annual Report 105 Untuk mengantisipasi risiko serupa di masa mendatang, beberapa langkah mitigasi risiko yang telah dan sedang dilakukan manajemen Perseroan antara lain: membentuk divisi Marketing yang antara lain bertanggungjawab dalam melakukan koordinasi selama proses tender, menyempurnakan kebijakan dan prosedur keikutsertaan tender, perencanaan tender, manajemen tender, dan evaluasi kegagalan tender.

4. Risiko lead time pengadaan

Adalah dampak dari lamanya waktu yang diperlukan untuk proses penyediaan barang dan jasa, terhadap perolehan pendapatan, beban dan laba Perseroan. Ada faktor yang dapat dikendalikan dan tidak dapat dikendalikan menjadi penyebab risiko ini, seperti: •฀ Ketersediaan informasi sumber pasokan •฀ Karakteristik bisnis jasa hulu migas •฀ Keterbatasan sumber pasokan •฀ Faktor vendor •฀ Faktor klien Untuk mengantisipasi risiko serupa di masa mendatang, beberapa langkah mitigasi risiko yang telah dan sedang dilakukan manajemen Perseroan antara lain: menyempurnakan vendor database, melengkapi track record vendor , menyempurnakan pedoman procurement sesuai karakteristik bisnis Perseroan, menginisiasi e-proc, melakukan sosialisasi code of conduct kepada vendor, melakukan proses pengadaan bersamaan dengan proses persetujuan investasi oleh Direksi atau Dewan Komisaris.

5. Risiko overbudget investasi

Adalah dampak dari besarnya realisasi harga perolehan investasi di atas anggaran yang disediakan, terhadap perolehan beban dan laba Perseroan. Ada faktor yang dapat dikendalikan dan tidak dapat dikendalikan menjadi penyebab risiko ini, seperti: •฀ Karakteristik bisnis jasa hulu migas •฀ Keterbatasan sumber pasokan •฀ Integritas sumberdaya manusia •฀ Kompetensi dalam bidang perencanaan investasi •฀ Faktor waktu Untuk mengantisipasi risiko serupa di masa mendatang, beberapa langkah mitigasi risiko yang telah dan sedang dilakukan manajemen Perseroan antara lain: menciptakan linkage antara proses tender, investasi, pengadaan, proyek dan monitoring investasi; penandatanganan pakta integritas oleh seluruh jajaran manajemen Perseroan; menerapkan secara konsisten dan konsekuen, sistem reward and punishment bagi pelanggar integritas; penerapan sistem eskalasi risiko untuk setiap pengecualian dari prosedur yang baku. In order to anticipate the similar risk in the future, several risk mitigation measures have been and are currently in place by management, including: establishing Marketing division that is responsible for coordination during tender process, improving the policy and procedures relating to tender participation, tender planning, tender management and evaluation of tender failure,

4. Lead Time Procurement Risk

Is the after effect of the length of time needed in good and service procurement process particularly on the Company’s revenues, expenses and profit. There are several controllable and uncontrollable factors causing this particular risk, including: •฀ Available฀information฀regarding฀the฀source฀of฀supply฀ •฀ Business฀ characteristic฀ of฀ oil฀ and฀ gas฀ upstream฀ services •฀ Limited฀source฀of฀supply •฀ Vendor฀factor •฀ Client฀factor In order to anticipate the similar risk in the future, several risk mitigation measures have been and are currently being execute by the management, including improving vendor data base, completing vendors’ track record, improving procurement guidelines according to the Company’s business characteristic, initiating e-proc, socializing code of conduct to vendor, undertaking procurement process along with the investment approval from the Directors or Board of Commissioners.

5. Risk of Investment Overbudget

Is the after effect of realization of investment overbudget, particularly on the Company’s expenses and profit. There are several controllable and uncontrollable factors causing this risk, including: •฀ Business฀ characteristic฀ of฀ oil฀ ฀ gas฀ upstream฀ services •฀ Limited฀source฀of฀supply •฀ Human฀resources’฀integrity •฀ Competence฀of฀the฀investment฀planning฀division •฀ Time฀factor To anticipate the similar risk in the future, several risk mitigation measures have been and are currently in place by management, including creating linkage among tender process, investment, procurement, project and investment monitoring, the signing of an integration pact by all of the Company’s management, consistently and consequently implementing the reward and punishment system for those violating integrity; implementing risk escalation system for every exception of standard procedure. Laporan Tahunan 2010 PT Elnusa Tbk 106

6. Risiko inefisiensi investasi