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

Abstract

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.

Citation

Hartono, B., F.N. Wijaya, D. and M. Arini, H. (2014), "An empirically verified project risk maturity model: Evidence from Indonesian construction industry", International Journal of Managing Projects in Business, Vol. 7 No. 2, pp. 263-284. https://doi.org/10.1108/IJMPB-03-2013-0015