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Risk management capability maturity model for complex product systems (CoPS) projects

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  • K. T. Yeo
  • Yingtao Ren

Abstract

This paper aims at conceptualizing and developing a multilevel framework for the Risk Management Capability Maturity Model (RM‐CMM), specifically for Complex Product Systems (CoPS) projects. CoPS is a special class of projects, which are high‐value, technology‐ and engineering‐intensive products or systems that are typically used to produce consumer goods and services. The embedded and inherent complexity in terms of task and human relations in CoPS projects can be a major source of risk and can contribute to persistent project challenges, failure, and impairment. There is a need to build a progressive risk management capability to deal with the unique characteristics of these complex projects. The proposed CoPS‐RM‐CMM model defines two broad layers in systems “security” and organizational “robustness.” The understanding of complexity inherent in CoPS projects is drawn from the science of complexity and emergence, which provides additional insights into the management of both predictable and emergent risk in CoPS implementation. The proposed model is also built upon a change management framework, which addresses the risk planning and control processes, organizational and people contexts, and technology contents of CoPS. © 2008 Wiley Periodicals, Inc. Syst Eng

Suggested Citation

  • K. T. Yeo & Yingtao Ren, 2009. "Risk management capability maturity model for complex product systems (CoPS) projects," Systems Engineering, John Wiley & Sons, vol. 12(4), pages 275-294, December.
    • Handle: RePEc:wly:syseng:v:12:y:2009:i:4:p:275-294
    DOI: 10.1002/sys.20123
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    Cited by:

    1. Pejman Peykani & Jafar Gheidar-Kheljani & Sheida Shahabadi & Seyyed Hassan Ghodsypour & Mojtaba Nouri, 2023. "A two-phase resource-constrained project scheduling approach for design and development of complex product systems," Operational Research, Springer, vol. 23(1), pages 1-25, March.
    2. Shuting Li & Xiangfeng Chen, 2019. "The role of supplier collaboration and risk management capabilities in managing product complexity," Operations Management Research, Springer, vol. 12(3), pages 146-158, December.
    3. Gilles Galichet & Roberta Costa Affonso & Vincent Cheutet, 2023. "Processes-oriented maturity framework for Lean Manufacturing with health-at-work and performance management objectives," Post-Print hal-03878333, HAL.
    4. Yanqing Wang & Hong Chen & Robert L. K. Tiong, 2023. "An exploratory research on the maturity level of public's emergency capability," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 119(1), pages 325-355, October.
    5. Raffaele Testorelli & Chiara Verbano, 2022. "An Empirical Framework to Sustain Value Generation with Project Risk Management: A Case Study in the IT Consulting Sector," Sustainability, MDPI, vol. 14(19), pages 1-17, September.

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