Enhancement of OPM3 risk management by using learning practices

Construction projects in Malaysia involved two prevailing risks: delay and cost overrun. A mature risk management approach would be appropriate to overcome these risks. In line with the Malaysia Master Plan, construction organizations have to improve their organizational project management performance in order to be able to reach to the satisfactory level. The organizational maturity attempts, in its main goal, to gain higher performance in different project management aspects including project risk management. Organizational Project Management Maturity Model (OPM3) is a maturity model introduced by Project Management Institute (PMI), which proposes continues improvement including all project management nine areas. The correlation between risk management and organizational learning has been highlighted by various researchers. However, the relationship between the two approaches and OPM3 have not determined yet. Furthermore, literature does not introduce any learning practices useful in order to enhance organizational project risk management. Considering the present literature on the subject, this paper proposes a theoretical framework of the correlation between organizational learning practices and project risk management performance regarding OPM3 point of view. Three moderating factors are also presented in the model, namely I. Employees’ experience level, II. The organization size, and III. Technological Turbulence is effecting the correlation