A model of risk response development for managing delays in construction projects

Motaleb, Omayma Hashim

doi:10.1504/ijpom.2017.10006032

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2023

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“…Due to their usefulness, RMMM can be found in various applications in the literature, such as in civil construction (Hoseini, Hertogh & Bosch-Rekyeldt, 2019;Motaleb, 2017), legal (Unger et al, 2015), corporate (Oliva, 2016), for evaluation of logistic processes (Tubis & Werbińska-Wojciechowska, 2021), and financial technology firm (Alijoyo et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

A Multicriteria Decision Model for Risk Management Maturity Evaluation

Yoshiura,

Martins,

Costa

et al. 2023

Pesqui. Oper.

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This article aims to present a Multicriteria Decision Aiding (MCDA) model for assessing risk management maturity. Therefore, it is proposed to use a Maturity Model (MM) for risk management aligned with the ELECTRE TRI method. The ELECTRE TRI was chosen as the sorting method because it has a strong axiomatic structure based on the relationship of concordance and discordance between the alternative and the profile that delimits each of its classes. To test the proposal, a case study was carried out on a real company in the construction industry. For the development of the risk management maturity assessment model, a questionnaire was applied to collect data related to risk management practices in the organization. After collection, the data were used for modeling in a Decision Support System to apply the ELECTRE TRI, which managed to classify and identify the organization's risk management maturity at level 3 (managed).

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Section: Introductionmentioning

confidence: 99%