Risk management capability maturity model for complex product systems (CoPS) projects

Yeo, K.T.; Ren, Yingtao

doi:10.1002/sys.20123

Cited by 85 publications

(68 citation statements)

References 23 publications

(24 reference statements)

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“…Each level is defined and characterized clearly, thus allowing companies to self-evaluate their level of maturity using a previously established scale. Once this level of maturity has been determined, a company can set clear targets for improvement [52]. The risk management maturity system (RMMS) was developed for application to construction projects [33].…”

Section: Risk Management Maturity Measurement Modelsmentioning

confidence: 99%

Development of a Preliminary Model for Evaluating Occupational Health and Safety Risk Management Maturity in Small and Medium-Sized Enterprises

Kaassis

Badri

2018

Safety

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Management of occupational health and safety (OHS) risks is a crucial component of any business. Numerous investigations have shown that work-related injuries and deaths occur disproportionately in small-to-medium-sized enterprises (SMEs) and that this is clearly due to deficient management of OHS risks. The main goal of this work is to develop a base of indicators suitable for evaluating OHS risk management maturity in industrial SMEs. A preliminary model is then proposed for this evaluation, based on a small number of relevant indicators selected from a careful bibliographic review. The work begins with a critical review of the literature and analysis of known concepts, methods, tools and models of measurement of risk analysis maturity in order to extract relevant indicators. The most suitable indicators are then grouped to form the basis of a preliminary model for evaluating OHS risk management maturity in the SME setting. Our findings will help managers of SMEs make sound decisions in their quest to improve the OHS performance of their businesses.

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Section: Risk Management Maturity Measurement Modelsmentioning

confidence: 99%

Development of a Preliminary Model for Evaluating Occupational Health and Safety Risk Management Maturity in Small and Medium-Sized Enterprises

Kaassis

Badri

2018

Safety

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“…Niazi et al (2003) argued that CSFs are used to establish a baseline to formulate a means for the maturity of the process. Yeo and Ren (2009) claimed that process maturity is mainly dependent on key capability areas extracted from CSFs. Ali and Kidd (2013) stated that the identification of CSFs help practitioners to work on areas responsible for the success of a process.…”

Section: Introductionmentioning

confidence: 99%

Methodology for developing capability maturity levels for PPP stakeholder organisations using critical success factors

Babatunde

Perera

Zhou

2016

Construction Innovation

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Northumbria University has developed Northumbria Research Link (NRL) to enable users to access the University's research output. Copyright © and moral rights for items on NRL are retained by the individual author(s) and/or other copyright owners. Single copies of full items can be reproduced, displayed or performed, and given to third parties in any format or medium for personal research or study, educational, or not-for-profit purposes without prior permission or charge, provided the authors, title and full bibliographic details are given, as well as a hyperlink and/or URL to the original metadata page. The content must not be changed in any way. Full items must not be sold commercially in any format or medium without formal permission of the copyright holder. The full policy is available online: http://nrl.northumbria.ac.uk/policies.html This document may differ from the final, published version of the research and has been made available online in accordance with publisher policies. To read and/or cite from the published version of the research, please visit the publisher's website (a subscription may be required.)Methodology for developing capability maturity levels for PPP stakeholder organisations using critical success factors Abstract Purpose-The success of any public-private partnership (PPP) project is largely dependent on the country's maturity on critical success factors (CSFs) that made PPP projects successful. Thus, the identification of metrics and standards for measuring the maturity of stakeholder organisations on CSFs for PPP projects implementation remain a challenge. Therefore, the purpose of this study is to use CSFs to develop a process maturity and determine the current maturity levels of stakeholder organisations in PPP projects implementation in Nigeria.Design/methodology/approach-The study adopted literature review and six PPP project case studies including interviews in each case study and expert forum. The outcome of a comprehensive literature review provides a total list of fourteen CSFs that made PPP projects successful in Nigeria. These CSFs were employed for capability maturity levels definition ranging from level 1(Ad hoc) to level 5(Optimizing) in line with Capability Maturity Model (CMM) concept. Quantitative assessment was considered as a support tool for making an overall assessment of both the public and private organisations current capability maturity levels and for comparison approach.Findings-A capability enhancement framework for stakeholder organisations in PPP project was developed. This framework was employed in assessing the current capability maturity levels of stakeholder organisations involved in PPP projects in Nigeria. Using this framework, it was found that public sector organisations were positioned between maturity level 1 and maturity level 2 (out of 5 maturity levels) on CSFs applicable to them. While most private sector organisations were placed in maturity level 2 on CSFs associated with them. Practical implication:The results emanated from this study pr...

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“…Moreover, there are several known risk management maturity models that have been proposed over the previous years (Yeo and Ren, 2009). One of them is the model proposed by Hillson (1997).…”

Section: Maturity Modelsmentioning

confidence: 99%

“…In his research, the author summaries the maturity model as a way for organizations to implement a formal approach to risk management and to check the level practices held by the industry. The model comprises of four maturity levels (Naive, Novice, Normalized, and Natural) that are measured with culture, process, experience and application as an attribute (Yeo and Ren, 2009). Group of researchers in 2002, among them was Hillson, added the points made in previous research, expressing the Risk Management Maturity Model (RMMM).…”

Section: Maturity Modelsmentioning

confidence: 99%

Level of Risk Management Practice in Nigeria Construction Industry- From a Knowledge Based Approach

Adeleke¹,

Bahaudin²,

Kamaruddeen³

2015

Pressacademia

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This paper discourses the problems associated with risk management practice in Nigeria construction projects with the use of knowledge-based approach, and proposes a methodology based on a one-fold arrangement which includes the modelling function of the risk management, its evaluation, comparative effectiveness, desired quality and the availability of a best practices model. Onefold approach is part of a research effort that is still in progress. A major preliminary conclusion of this research is the fact that risk management in construction projects is still ineffective and low practices in developing countries like Nigeria as a case study. The main cause of this research is the lack of knowledge. It is expected that the application of the proposed approach will allow clients, contractors and consultants to develop a project's risk management function based on best practices, and also to improve the performance of this function. In order to improve effectiveness of construction project, it should become part of a strategic plan of the organization.

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Risk management capability maturity model for complex product systems (CoPS) projects

Cited by 85 publications

References 23 publications

Development of a Preliminary Model for Evaluating Occupational Health and Safety Risk Management Maturity in Small and Medium-Sized Enterprises

Development of a Preliminary Model for Evaluating Occupational Health and Safety Risk Management Maturity in Small and Medium-Sized Enterprises

Methodology for developing capability maturity levels for PPP stakeholder organisations using critical success factors

Level of Risk Management Practice in Nigeria Construction Industry- From a Knowledge Based Approach

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