An empirically verified project risk maturity model: Evidence from Indonesian construction industry

Purpose - The purpose of this paper is to develop and to empirically verify a model of project risk management maturity (PRMM). Design/methodology/approach - Theoretical work to develop the initial model of risk maturity. Empirical study by a cross-sectional survey to the Indonesian construction ind...

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Bibliographic Details
Published in:International journal of managing projects in business 2014-04, Vol.7 (2), p.263-284
Main Authors: Hartono, Budi, F.N. Wijaya, Deo, M. Arini, Hilya
Format: Article
Language:English
Subjects:
Developing countries
LDCs
Literature reviews
Product development
Project management
Risk assessment
Risk management
Studies
Citations: Items that this one cites
Online Access:Get full text
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Description
Summary:Purpose - The purpose of this paper is to develop and to empirically verify a model of project risk management maturity (PRMM). Design/methodology/approach - Theoretical work to develop the initial model of risk maturity. Empirical study by a cross-sectional survey to the Indonesian construction industry. Findings - A new model of PRMM is developed and empirically tested. The model is valid (face validity, content validity, discriminant validity, convergent validity, and criterion validity) and reliable. Research limitations/implications - A more comprehensive, follow-up study is required to gain more insights on the actual maturity level of Indonesian construction industry. Practical implications - The model is applicable to assess the organizational maturity level which in turn could be used for improving organization performance. Originality/value - The work demonstrates a novel approach in developing models by emphasizing on the empirical verification.
ISSN:1753-8378
1753-8386
DOI:10.1108/IJMPB-03-2013-0015