The Project Risk Maturity Model: Measuring and Improving Risk Management Capability
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Use of Risk Maturity Model to Benchmark Project Health, 26 May 2016
Views Total views. Actions Shares. Embeds 0 No embeds. No notes for slide. Book details 3. Description this book Top businesses recognise risk management as a core feature of their project management process and approach to the governance of projects.
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- Book Review – The Project Risk Maturity Model.
However, a mature risk management process is required in order to realise its benefits; one that takes into account the design and implementation of the process and the skills, experience and culture of the people who use it. To be mature in the way you manage risk you need an accepted framework to assess your risk management maturity, allowing you to benchmark against a recognised standard.
A structured pathway for improvement is also needed, not just telling you where you are now, but describing the steps required to reach the next level. The Project Risk Maturity Model detailed here provides such an assessment framework and development pathway. It can be used to benchmark your project risk processes and support the introduction of effective in-house project risk management.
Using this model, implementation and improvement of project risk management can be managed effectively to ensure that the expected benefits are achieved in a way that is appropriate to the needs of each organisation. This will enable you to undertake maturity assessments for as many projects as you choose. A case study in the book demonstrates how it has been used to deliver significant and measurable benefits to the performance of major projects.
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