A new maturity model for analysing project risk management in the global automotive industry

Irizar Borao, Jose M. (2019) A new maturity model for analysing project risk management in the global automotive industry. PhD thesis, University of Gloucestershire.

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Abstract

Project risk maturity models, which encompass change management, continuous improvement and knowledge management issues, can be used to improve risk management in projects. The purpose of this research is to develop and apply a new maturity model for the assessment and on-going management of project risk management capability in the automotive industry. The success of strategic projects is critical for innovation in the automotive industry, and project outcomes directly influence time to market and future revenues for companies operating in this sector. Projects in this industry are generally characterised as high risk. The belief that the use of carefully acquired information put into some kind of rational order can avoid poor decision making and project failure is the foundation of traditional project management and, by extension, of project risk management. Prescriptive guides and methodologies are often too mechanistic and simplistic as regards the risk management process. This research presents a theoretical framework applying the centricity concept to four major project risk management dimensions, namely risk identification, risk assessment, risk allocation and risk appetite. The centricity concept was critical in the development of several of the labels that are an integral part of the maturity model, thereby furthering the understanding of risk management. The research design is based on a multi-project case study analysis in a major German automotive company. The approach is qualitative and inductive, using 12 indepth interviews with major stakeholders in the project management function in the company to provide data for the construction of the initial maturity model. This model is then verified and refined via an online survey and three further follow-up interviews. The findings provide material for the construction of a new maturity model that can be used for the assessment of project risk management capability and as a tool for ongoing monitoring and improvement. The model is structured around the four dimensions of risk management – identification, assessment, allocation and appetite – and has four maturity stages – rudimentary, intermediate, standardised and corporate. The model is based on a detailed analysis of in-depth interview material in a specific industry sector. The model adds to existing risk management maturity models and is unique in being specific to the automotive industry. It can be used by risk and project managers, and can also be adapted to other industry sectors.

Item Type: Thesis (PhD)
Thesis Advisors:
Thesis AdvisorEmailURL
Wynn, Martinmwynn@glos.ac.ukhttps://www.glos.ac.uk/academic-schools/business-and-technology/staff-profiles/pages/s2101344-martin-wynn.aspx
Zhang, Shujunszhang@glos.ac.ukhttps://www.glos.ac.uk/academic-schools/business-and-technology/staff-profiles/pages/s2101966-shujun-zhang.aspx
Uncontrolled Keywords: Project risk management; Automotive industry; Germany
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD2350.8 Large industry, Factory system, Big business
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > HD61 Risk in industry. Risk management
Divisions: Schools and Research Institutes > School of Business and Technology > Technical & Applied Computing
Depositing User: Susan Turner
Date Deposited: 21 Jun 2019 15:17
Last Modified: 21 Jun 2019 15:18
URI: http://eprints.glos.ac.uk/id/eprint/6954

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