Local government project risk management maturity measurement model for leveraging effectiveness of local government project risk management

Q3 Decision Sciences
None Boniface Okanga
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Abstract

Project risk measurement is a critical driver of local government project implementation. It aids identification of the level of the effectiveness and maturity of project risk management to bolster the seamless process of local government project implementation. Unfortunately, empirical facts imply local government project risk measurement is not yet well developed to the extent of leveraging successful local government project implementation. As these explain why some local government projects are often marred by risks to only fail as others fail to get completed, this research evaluates the level of local government project risk measurement maturity in the South African local government. To accomplish that, the study used interpretivist research paradigm, exploratory research design and qualitative research method entailing the usage of content analysis. Content analysis was used to evaluate the existing information and data in the local government repositories about the process used for measuring and mitigating local government project risks as well as their associated limitations. Findings that were thematically analysed revealed the effectiveness of the process of risk identification and mitigation is often still marred by poor risk management culture, poor governance and lack of proactive initiatives to identify and mitigate all forms of risks. Failure to proactively identify and mitigate all risks was found to have caused late interventions that affect identification and mitigation of all risks in their early stages. Such risks were found to include poor governance, corruption and fraud that affect optimisation of the limited financial resources as well as supply chain risks, ecological and health and occupational risks. Given the fact that a model for measuring project risk measurement was also found to be a challenge, the study extracted and suggested the local government project risk management maturity measurement model (LoG-PRiMMM-Model) as one of the new insights and contribution of the study that can be replicated for leveraging project risk measurement and mitigation in the contemporary local government sphere
地方政府项目风险管理成熟度度量模型,用于撬杠杆地方政府项目风险管理有效性
项目风险度量是地方政府项目实施的关键驱动因素。它有助于识别项目风险管理的有效性和成熟度,以支持地方政府项目实施的无缝过程。遗憾的是,经验事实表明,地方政府项目风险度量尚未发展到撬杠杆地方政府项目成功实施的程度。这就解释了为什么一些地方政府项目往往被风险所破坏,而另一些项目却无法完成,因此本研究对南非地方政府的地方政府项目风险度量成熟度水平进行了评估。为了实现这一目标,本研究采用了解释主义的研究范式、探索性的研究设计和包含内容分析的定性研究方法。内容分析用于评估地方政府存储库中关于用于衡量和减轻地方政府项目风险的过程及其相关限制的现有信息和数据。专题分析的调查结果显示,风险识别和减轻过程的有效性往往仍然受到风险管理文化不良、治理不善以及缺乏识别和减轻所有形式风险的主动举措的影响。研究发现,由于未能主动识别和减轻所有风险,导致干预措施过晚,影响了在早期阶段识别和减轻所有风险。这些风险包括影响有限财政资源优化的治理不善、腐败和欺诈,以及供应链风险、生态和健康以及职业风险。考虑到项目风险度量的度量模型也被认为是一项挑战,本研究提取并建议地方政府项目风险管理成熟度度量模型(log - primm - model)作为本研究的新见解和贡献之一,可以在当代地方政府领域复制,以利用项目风险度量和缓解
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来源期刊
Journal of Management Information and Decision Science
Journal of Management Information and Decision Science Decision Sciences-Information Systems and Management
自引率
0.00%
发文量
25
期刊介绍: Journal of Management Information and Decision Sciences (JMIDS) is a reputed open access journal affiliated to Allied Business Academies. The journal focuses on disseminating the latest research in the field of management information system and its role in decision making, as well their relationships to cognate disciplines including Economics, Finance, Management, Management Science, Marketing, Statistics, Operations Research and Engineering. The journal adheres to stringent double blind peer review policy to maintain the publication quality.
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