Risk management maturity of construction projects in the Netherlands

Risk management maturity of construction projects in the Netherlands

Hoseini, E. (TU Delft Integral Design & Management)
Bosch-Rekveldt, M.G.C. (TU Delft Integral Design & Management)
Hertogh, M.J.C.M. (TU Delft Integral Design & Management)

2018-01-01

Construction projects are bounded with uncertainties and therefore, the occurrence of risks in these projects is unavoidable. Literature confirms that risk management increases the possibility of project success. A Risk Maturity Model (RMM) is a tool, which can help projects measuring the maturity of risk management and plan for risk management improvements. This research implements a Generic Risk Maturity Model (GRMM) in one contractor and two public organizations in the Netherlands. By means of individual and group interviews, 19 experts in 11 construction projects are asked to assess the risk management in their projects. The results show that risk management is properly performed in these projects, however, the organizations seem better in identifying risks rather than mitigating risks. Experts assessed their organizations high in performing 'Risk Assessment'. The results show that the experts in the public organizations evaluate 'Policy and Strategy' of risk management and 'Management Commitment' towards risk management low. The contractor could improve its risk management by giving more attention to evaluation of the risk management process. Further research into the ambition level of risk management is suggested.

Evaluation of risk management
Risk
Risk maturity model

http://resolver.tudelft.nl/uuid:2a2e19e5-4d15-49a1-9d36-739b08dc5ce2

ARCOM, Association of Researchers in Construction Management

2019-04-01

Proceeding of the 34th Annual ARCOM Conference, ARCOM 2018

ARCOM 2018: 34th Annual Association of Researchers in Construction Management Conference, 2018-09-03 → 2018-09-05, Belfast, United Kingdom

Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

Institutional Repository

conference paper

© 2018 E. Hoseini, M.G.C. Bosch-Rekveldt, M.J.C.M. Hertogh