USE OF PROJECT MANAGEMENT MATURITY MODELS AS A EVALUATION FRAMEWORK FOR PROJECT RISK MATURITY ASSESSMENT

Abstract

Management of project risks has a significant impact on the success of the entire project. The importance of project risk management also means the need for continuous measurement and development of this area. Considering the existence of few specialized maturity models for this area, the aim of this paper is to analyse the extent to which it is possible to use commonly used project management maturity models (PMMMs) as a full-fledged tool for the evaluation of project risk management maturity. Based on the literature review and selected methodology, the four most frequently used models of maturity (CMMI-DEV, OPM3, PMMM, KPMMM) are analysed in more detail. Despite the predominantly exploratory nature of this paper, based on four defined criteria, three of the above PMMMs can also be used as models for evaluating and improving Project Risk Management. While one of the outputs of this paper is the creation of an evaluation scale for the PRM assessment, based on the regularities of the models used. By outlining the possibility of using already existing PMMMs, the results of this paper contribute to the evolving field of improving the management of project risks as a key project management area. In addition, results point out the expanded use of already existing PMMMs.