TY - GEN
T1 - Enhancement of OPM3 risk management by using learning practices
AU - Abdul-Rahman, H.
AU - Asef, Arash
AU - Alashwal, Ali
AU - Loo, Angeline
PY - 2013
Y1 - 2013
N2 - ![CDATA[Construction projects in Malaysia involved two prevailing risks: delay and cost overrun. A mature risk management approach would be appropriate to overcome these risks. In line with the Malaysia Master Plan, construction organizations have to improve their organizational project management performance in order to be able to reach to the satisfactory level. The organizational maturity attempts, in its main goal, to gain higher performance in different project management aspects including project risk management. Organizational Project Management Maturity Model (OPM3) is a maturity model introduced by Project Management Institute (PMI), which proposes continues improvement including all project management nine areas. The correlation between risk management and organizational learning has been highlighted by various researchers. However, the relationship between the two approaches and OPM3 have not determined yet. Furthermore, literature does not introduce any learning practices useful in order to enhance organizational project risk management. Considering the present literature on the subject, this paper proposes a theoretical framework of the correlation between organizational learning practices and project risk management performance regarding OPM3 point of view. Three moderating factors are also presented in the model, namely I. Employees’ experience level, II. The organization size, and III. Technological Turbulence is effecting the correlation.]]
AB - ![CDATA[Construction projects in Malaysia involved two prevailing risks: delay and cost overrun. A mature risk management approach would be appropriate to overcome these risks. In line with the Malaysia Master Plan, construction organizations have to improve their organizational project management performance in order to be able to reach to the satisfactory level. The organizational maturity attempts, in its main goal, to gain higher performance in different project management aspects including project risk management. Organizational Project Management Maturity Model (OPM3) is a maturity model introduced by Project Management Institute (PMI), which proposes continues improvement including all project management nine areas. The correlation between risk management and organizational learning has been highlighted by various researchers. However, the relationship between the two approaches and OPM3 have not determined yet. Furthermore, literature does not introduce any learning practices useful in order to enhance organizational project risk management. Considering the present literature on the subject, this paper proposes a theoretical framework of the correlation between organizational learning practices and project risk management performance regarding OPM3 point of view. Three moderating factors are also presented in the model, namely I. Employees’ experience level, II. The organization size, and III. Technological Turbulence is effecting the correlation.]]
KW - construction industry
KW - construction projects
KW - risk management
KW - Malaysia
UR - http://handle.westernsydney.edu.au:8081/1959.7/uws:47812
U2 - 10.7763/IPEDR. 2012. V55.37
DO - 10.7763/IPEDR. 2012. V55.37
M3 - Conference Paper
SP - 184
EP - 187
BT - International Proceedings of Economics Development and Research: 3rd International Conference on Economics, Business and Management (ICEBM 2012), 22 - 23 December 2012, Kuala Lumpur, Malaysia
PB - International Association of Computer Science and Information Technology
T2 - International Conference on Economics_Business and Management
Y2 - 22 December 2012
ER -