Risk Management Implementation in SMEs Investigated Through a Lens of ERM Maturity Models

Author(s):  
Daniël Gerhardus du Plessis ◽  
Arthur Linke
Author(s):  
Clemith J. Houston Jr. ◽  
Douglas C. Sicker

This paper provides a literature review and survey of maturity and process capability models, Critical Infrastructure Protection (CIP) tools and frameworks to identify strategies for assessing and measuring resilience and risk management capabilities, with a specific focus on the electricity generating sector. The focus is on the use of models such as CERT-RMM, and others, as a means of addressing challenges associated with cyber security and risk management. Foundational concepts, terminology and definitions are provided; examples of maturity and process capability models are presented and discussed, tools that enable process capability and resilience are identified, including those specific to the electricity generating sector. The evolution of models and how they have addressed challenges is presented, in addition to the characteristics and differences of models and the growth in domains where they can be used. The benefits of the application of process capability and maturity models in maintaining and enhancing resilience and cyber security protection is supported in this paper and recommendations for research opportunities that may yield further insight and measurement capabilities are offered.


Author(s):  
Andreas G. M. Nachbagauer ◽  
Iris B. Schirl-Boeck

Project-oriented organizations face environments differing in complexity, with different degrees of maturity needed to manage uncertainty. In this chapter, the authors analyze where, when, and by whom structure or autonomy should be made use of in project-oriented organizations, and which kinds of structure and autonomy are appropriate for dealing with complex, uncertain situations and unexpected events. After a short discussion of project management maturity models, the authors investigate the concepts of risk, uncertainty, and the unexpected based on organization theory inspired by decision-making concepts and systems theory. Implications for uncertainty management and managing the unexpected on project and organizational level and high-reliability practices are then derived with a critical look at recent approaches of project management adhocracy.


Author(s):  
David Mortimer ◽  
Sharon T. Mortimer
Keyword(s):  

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