[Paper] Data Result - Indra Putra Salim.rar

The completion of the Jakarta-Bandung High-Speed Rail (JBHSR) project in 2023 marks a significant milestone for Indonesia, showcasing enhanced connectivity between two urban cities of Jakarta and Bandung. Despite facing challenges, particularly in cost management, this study employs factor analysis and structural equation modeling to address these issues. Surveying 404 stakeholders, it highlights the crucial role of cost planning in project success, aligning with existing literature on similar endeavors. The final model adapts 108 attributes across cost management process factors according to PMBOK, namely, cost management process involves planning, estimation, budget determination, and cost control. The outcomes of the final structural equation model underscore the significance of cost control in enhancing both cost efficiency and project success, aligning with findings from literature on similar projects. The novelty of this study lies in its application of factor analysis and structural equation modeling within the context of high-speed railway projects, adding to the existing literature on infrastructure development in Indonesia. This research offers valuable insights for practitioners and policymakers involved in the planning and execution of large-scale infrastructure projects, potentially leading to enhanced cost efficiency and project success in similar projects in the future.