Measuring the performance of project risk management: a preliminary model

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dc.contributor.authorSerpell, Alfredo
dc.contributor.authorFerrada, Ximena
dc.contributor.authorRubio, Larissa
dc.date.accessioned2022-07-22T17:13:23Z
dc.date.available2022-07-22T17:13:23Z
dc.date.issued2019
dc.description.abstract: The function of project risk management (PRM) is to understand the uncertainty that surrounds a project and to identify the potential threats than can affect it as well as to know how to handle these risks in an appropriate way. Then, the measurement of the performance of PRM becomes an important concern, an issue that has not yet been addressed in the research literature. It is necessary to know how successful the application of the PRM process is and how capable is the process within the organization. Regarding construction projects, it is essential to know whether the selected responses to mitigate or eliminate identified risks were suitable and well implemented after the execution of the project. This paper presents a critical analysis of the relevance of measuring the performance of PRM and the benefits of doing so. Additionally, it presents a preliminary and pioneering methodology to measure the performance of PRM through the evaluation of the adequacy of responses applied to mitigate risks as well as to evaluate the resulting impacts as indicators of the effectiveness of these actions at the end of the project. This knowledge will allow construction companies to incorporate good practices, generate lessons learned, and thereby to promote a continuous improvement of the whole PRM processes
dc.description.versionVersión Publicadaes
dc.identifier.citationSerpell, Alfredo; Ferrada, Ximena; Rubio, Larissa. Measuring the performance of project risk management: a preliminary model. Organization, Technology and Management in Construction, 2019; 11: 1984–1991. Doi: 10.2478/otmcj-2019-0005es
dc.identifier.urihttp://doi.org/10.2478/otmcj-2019-0005es
dc.identifier.urihttp://hdl.handle.net/11447/6384
dc.language.isoenes
dc.subjectPerformancees
dc.subjectMeasurementes
dc.subjectRisk managementes
dc.subjectProjectses
dc.subjectKey performance indicatorses
dc.titleMeasuring the performance of project risk management: a preliminary modeles
dc.typeArticlees
dcterms.sourceOrganization, Technology and Management in Constructiones

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