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Application of risk management in Public Works organisations in Chile

Wolbers, Michiel C. (2009) Application of risk management in Public Works organisations in Chile.

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Abstract:This research focuses on the current state of the application of risk management in Chile. the Netherlands and the United States. Analysis of the current state is used for determining the necessary improvements to enhance the application of risk management in the Public Works in Chile while the theoretical state is used to underpin the recommended improvements. Risk management is seen as part of project management and the benefits of effective risk management in construction are widely recognized. It is however still not common whether risk management is applied in a proper way in the organizations. The Risk Management Maturity Model (Risk Management R&D, 2002) and the Enterprise Risk Management Maturity‐Level Assessment tool (Ciorciari & Blattner, 2008) are used to developed a new model. The model is basically the same as the Risk Management Maturity Model, but with additional segment. Hence it is called the augmented model. This augmented model is used during the research determine the maturity of the application of risk management. On the basis of this augmented model a questionnaire is designed which is used to measure the current state of risk management application in Chile and the Netherlands. The questionnaire is also used to determine the desired level of risk management application in the Public Works in Chile.
Item Type:Essay (Bachelor)
Faculty:ET: Engineering Technology
Subject:56 civil engineering
Programme:Civil Engineering BSc (56952)
Link to this item:https://purl.utwente.nl/essays/69443
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