Managing Risk In Projects

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Managing Risk in Projects

Author : David Hillson
Publisher : Routledge
Page : 126 pages
File Size : 42,8 Mb
Release : 2017-05-15
Category : Business & Economics
ISBN : 9781351920322

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Managing Risk in Projects by David Hillson Pdf

Projects are risky undertakings, and modern approaches to managing projects recognise the central need to manage the risk as an integral part of the project management discipline. Managing Risk in Projects places risk management in its proper context in the world of project management and beyond, and emphasises the central concepts that are essential in order to understand why and how risk management should be implemented on all projects of all types and sizes, in all industries and in all countries. The generic approach detailed by David Hillson is consistent with current international best practice and guidelines (including 'A Guide to the Project Management Body of Knowledge' (PMBoK) and the 'Project Risk Management Practice Standard' from PMI, the 'APM Body of Knowledge' and 'Project Risk Analysis & Management (PRAM) Guide' from APM, 'Management of Risk: Guidance for Practitioners' from OGC, and the forthcoming risk standard from ISO) but David also introduces key developments in the risk management field, ensuring readers are aware of recent thinking, focusing on their relevance to practical application. Throughout, the goal is to offer a concise description of current best practice in project risk management whilst introducing the latest relevant developments, to enable project managers, project sponsors and others responsible for managing risk in projects to do just that - effectively.

Project Risk Management Guidelines

Author : Dale Cooper,Stephen Grey,Geoffrey Raymond,Phil Walker
Publisher : Wiley
Page : 0 pages
File Size : 43,9 Mb
Release : 2004-11-30
Category : Business & Economics
ISBN : 0470022817

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Project Risk Management Guidelines by Dale Cooper,Stephen Grey,Geoffrey Raymond,Phil Walker Pdf

This book describes philosophies, principles, practices and techniques for managing risk in projects and procurements, with a particular focus on complex or large-scale activities. The authors cover the basics of risk management in the context of project management, and outline a step-by-step approach. They then extend this approach into specialised areas of procurement (including tender evaluation, outsourcing and Public-Private Partnerships), introducing technical risk assessment tools and processes for environmental risk management. Finally they consider quantitative methods and the way they can be used in large projects. International case studies are included throughout.

Project Risk Management Guidelines

Author : Dale Cooper,Pauline Bosnich,Stephen Grey,Grant Purdy,Geoffrey Raymond,Phil Walker,Mike Wood
Publisher : Wiley Global Education
Page : 432 pages
File Size : 43,8 Mb
Release : 2014-09-23
Category : Business & Economics
ISBN : 9781118849699

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Project Risk Management Guidelines by Dale Cooper,Pauline Bosnich,Stephen Grey,Grant Purdy,Geoffrey Raymond,Phil Walker,Mike Wood Pdf

This new edition of Project Risk Management Guidelines has been fully updated to include the new international standards, ISO 31000 Risk management and IEC 62198 Managing risk in projects. The book explains the standards and how they can be applied. It provides a clear introduction to basic project risk management, introduces the reader to specialized areas of projects and procurement, and shows how quantitative risk analysis methods can be used in large projects. Chapter by chapter, the authors present simple, practical steps and illustrate them with examples drawn from their extensive experience from around the world, in many different industry sectors and cultures and at all stages of projects from conception through development and into execution. Qualitative and quantitative approaches are covered. Traditional structures and processes are discussed as well as developments in the way projects are conducted, such as outsourcing arrangements and risk-sharing structures like public–private partnerships. Improved outcomes can be achieved when sound risk management is used to capture opportunities and reduce threats. Its unique focus and wealth of checklists, tables and other resources make this book an essential and enduring tool for anyone involved with project work.

Managing Risk in Construction Projects

Author : Nigel J. Smith,Tony Merna,Paul Jobling
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 52,5 Mb
Release : 2014-02-03
Category : Technology & Engineering
ISBN : 9781118347232

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Managing Risk in Construction Projects by Nigel J. Smith,Tony Merna,Paul Jobling Pdf

Investment in any new project invariably carries risk but the construction industry is subject to more risk and uncertainty than perhaps any other industry. This guide for construction managers, project managers and quantity surveyors as well as for students shows how the risk management process improves decision-making. Managing Risk in Construction Projects offers practical guidance on identifying, assessing and managing risk and provides a sound basis for effective decision-making in conditions of uncertainty. The book focuses on theoretical aspects of risk management but also clarifies procedures for undertaking and utilising decisions. This blend of theory and practice is the real message of the book and, with a strong authorship team of practitioners and leading academics, the book provides an authoritative guide for practitioners having to manage real projects. It discusses a number of general concepts, including projects, project phases, and risk attitude before introducing various risk management techniques. This third edition has been extended to recognize the reality of multi-project or programme management and the risks in this context; to highlight the particular problems of risk in international joint ventures; and to provide more coverage of PFI and PPP. With case studies and examples of good practice, the book offers the distilled knowledge of over 100 man-years of experience in working on all aspects of project risk, giving sound practical guidance on identifying, assessing and managing risk.

The Standard for Risk Management in Portfolios, Programs, and Projects

Author : Project Management Institute
Publisher : Project Management Institute
Page : 218 pages
File Size : 52,9 Mb
Release : 2019-04-22
Category : Business & Economics
ISBN : 9781628255669

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The Standard for Risk Management in Portfolios, Programs, and Projects by Project Management Institute Pdf

This is an update and expansion upon PMI's popular reference, The Practice Standard for Project Risk Management. Risk Management addresses the fact that certain events or conditions may occur with impacts on project, program, and portfolio objectives. This standard will: identify the core principles for risk management; describe the fundamentals of risk management and the environment within which it is carried out; define the risk management life cycle; and apply risk management principles to the portfolio, program, and project domains within the context of an enterprise risk management approach It is primarily written for portfolio, program, and project managers, but is a useful tool for leaders and business consumers of risk management, and other stakeholders.

Identifying and Managing Project Risk

Author : Tom Kendrick
Publisher : AMACOM
Page : 370 pages
File Size : 45,9 Mb
Release : 2009-02-27
Category : Business & Economics
ISBN : 9780814413418

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Identifying and Managing Project Risk by Tom Kendrick Pdf

Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.

Management of Risk

Author : Anonim
Publisher : The Stationery Office
Page : 160 pages
File Size : 50,7 Mb
Release : 2002
Category : Business & Economics
ISBN : 0113309090

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Management of Risk by Anonim Pdf

This guide is intended to help organisations put in place effective frameworks for taking informed decisions about risk. It brings together recommended approaches, checklists and pointers to more detailed information on tools and techniques. The topics covered include: the principles of risk management; how risks are managed; managing risks at the strategic, programme, project and operational level; techniques and examples of the benefits of risk management. The publication draws on the experience of experts from both the private and public sector.

The Owner's Role in Project Risk Management

Author : National Research Council,Division on Engineering and Physical Sciences,Board on Infrastructure and the Constructed Environment,Committee for Oversight and Assessment of U.S. Department of Energy Project Management
Publisher : National Academies Press
Page : 102 pages
File Size : 51,7 Mb
Release : 2005-03-25
Category : Transportation
ISBN : 9780309095181

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The Owner's Role in Project Risk Management by National Research Council,Division on Engineering and Physical Sciences,Board on Infrastructure and the Constructed Environment,Committee for Oversight and Assessment of U.S. Department of Energy Project Management Pdf

Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors.

Risk Management in Projects

Author : Martin Loosemore,John Raftery,Charles Reilly,David Higgon
Publisher : Taylor & Francis
Page : 288 pages
File Size : 43,8 Mb
Release : 2012-09-10
Category : Architecture
ISBN : 9781134509225

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Risk Management in Projects by Martin Loosemore,John Raftery,Charles Reilly,David Higgon Pdf

Project managers in construction and civil engineering need to base their decisions on realistic information about risk and public perceptions of risk. This second edition of the original practical and straightforward text retains the easy-to-read format, but has been expanded to encompass the entire risk management process and to give a fuller presentation of how risk is generally perceived. Two new chapters cover risk identification and risk response, and the chapters on risk analysis have been completely reorganized. There is also greater emphasis on the theory behind the principles, and an expanded bibliography is given to guide an exploration of the subject in greater detail. The book demystifies risk management by presenting the subject in simple and practical terms, free of technical jargon, and case studies are used extensively to enliven the text and to illustrate the concepts discussed.

Risk Management for Engineering Projects

Author : Nolberto Munier
Publisher : Springer Science & Business
Page : 220 pages
File Size : 44,7 Mb
Release : 2014-04-29
Category : Technology & Engineering
ISBN : 9783319052519

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Risk Management for Engineering Projects by Nolberto Munier Pdf

Covers the entire process of risk management by providing methodologies for determining the sources of engineering project risk, and once threats have been identified, managing them through: identification and assessment (probability, relative importance, variables, risk breakdown structure, etc.); implementation of measures for their prevention, reduction or mitigation; evaluation of impacts and quantification of risks and establishment of control measures. It also considers sensitivity analysis to determine the influence of uncertain parameters values on different project results, such as completion time, total costs, etc. Case studies and examples across a wide spectrum of engineering projects discuss such diverse factors as: safety; environmental impacts; societal reactions; time and cost overruns; quality control; legal issues; financial considerations; and political risk, making this suitable for undergraduates and graduates in grasping the fundamentals of risk management.

The Rules of Project Risk Management

Author : Mr Robert James Chapman
Publisher : Gower Publishing, Ltd.
Page : 265 pages
File Size : 49,7 Mb
Release : 2014-01-31
Category : Business & Economics
ISBN : 9781472411976

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The Rules of Project Risk Management by Mr Robert James Chapman Pdf

The evidence continues to grow that the effective management of risk is the very kernel of successful project management. Its absence frequently leaves project sponsors lamenting missed objectives and shareholders coming to terms with an organisation’s poor bottom line performance. Dr Robert Chapman's The Rules of Project Risk Management stands out from other risk management texts because it provides very practical guidance, supported by numerous mini case studies, many of which have attracted considerable publicity. The book brings to life both the benefits of project risk management when effectively applied and the ramifications when it is misunderstood or receives scant attention. The structure of the book is based on International Standard ISO 31000 seen through the lens of general systems theory - where projects are undertaken by organisations which have an external context and internal sub-systems. A project system is seen to be composed of seven key subject areas. Practical short ‘rules’ or implementation guidelines, written in an engaging style, are offered to support each of these subject areas and aid quick assimilation of key risk management messages. Each rule focuses on a specific aspect of effective risk management which warrants attention in its own right. Taken together the rules will provide those implementing projects with the building blocks to secure a project’s objectives. They have been drawn from a wealth of experience gained from applying risk management practices across multiple industries from Europe to Africa, the Middle East and Asia.

Project and Program Risk Management

Author : R. Max Wideman
Publisher : Unknown
Page : 120 pages
File Size : 45,5 Mb
Release : 1992
Category : Business & Economics
ISBN : UOM:39076002650583

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Project and Program Risk Management by R. Max Wideman Pdf

Integration, general approach and definitions - Risk identification - Risk assessment goals and methodology - Computer applications - Risk response and documentation - Management of contingency allowances - Managing the risks of the project's environment - Dealing with risks in contracts.

Waltzing with Bears

Author : Tom DeMarco,Tim Lister
Publisher : Addison-Wesley
Page : 207 pages
File Size : 45,9 Mb
Release : 2013-07-15
Category : Business & Economics
ISBN : 9780133492231

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Waltzing with Bears by Tom DeMarco,Tim Lister Pdf

This is the digital version of the printed book (Copyright © 2003). If There’s No Risk On Your Next Project, Don’t Do It. Greater risk brings greater reward, especially in software development. A company that runs away from risk will soon find itself lagging behind its more adventurous competition. By ignoring the threat of negative outcomes–in the name of positive thinking or a can-do attitude–software managers drive their organizations into the ground. In Waltzing with Bears, Tom DeMarco and Timothy Lister–the best-selling authors of Peopleware–show readers how to identify and embrace worthwhile risks. Developers are then set free to push the limits. The authors present the benefits of risk management, including that it makes aggressive risk-taking possible, protects management from getting blindsided, provides minimum-cost downside protection, reveals invisible transfers of responsibility, isolates the failure of a subproject. Readers are armed with strategies for confronting the most common risks that software projects face: schedule flaws, requirements inflation, turnover, specification breakdown, and under-performance. Waltzing with Bears will help you mitigate the risks–before they turn into project-killing problems. Risks are out there–and they should be there–but there is a way to manage them.

Project Risk Governance

Author : Dr Dieter Fink
Publisher : Gower Publishing, Ltd.
Page : 270 pages
File Size : 44,7 Mb
Release : 2014-01-28
Category : Business & Economics
ISBN : 9781472419064

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Project Risk Governance by Dr Dieter Fink Pdf

In Project Risk Governance, Dieter Fink breaks new ground in two ways. Firstly, he places project risk management in the context of today’s organisations in which objectives are increasingly implemented through projects to better respond to fast-changing markets. Secondly, he applies a governance perspective to examine project risk at the project and corporate levels, an approach which is significantly under-researched and for which theoretical knowledge and professional practice are at an early stage of maturity. Project risk governance falls between corporate governance and project governance and is attracting increasing attention. The author argues that there are two reasons for this. The first is the ‘projectisation’ of organisations, in particular within organisations conforming to the Project-Based Organisation (PBO) model. The second is the prevalence of a strategic approach to managing risk for the purposes of protecting organisational values and creating competitive advantage. The book addresses governance, strategy, value management and building enterprise-wide Project Risk Governance (PRG) capabilities. Chapters examine the role of projects in organisations and the need to integrate project and business strategy within the framework of the Project-Based Organisation. PRG is introduced via its links with corporate and project governance and its scope is covered in chapters that identify relevant processes, structures and relationship mechanisms. Contextual influences such as the professionalisation of project management are recognised and insights provided to increase readers’ understanding of uncertainty, risk events, and probabilities and of the essential requirements of managing risks at project level. The final chapter provides a roadmap to the stages and dimensions of a PRG maturity model.

Project Risk Management

Author : Daniella van Well-Stam
Publisher : Kogan Page Publishers
Page : 196 pages
File Size : 48,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 0749442751

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Project Risk Management by Daniella van Well-Stam Pdf

Project Risk Management is a practical and concise book that outlines a tried and tested approach that has been used successfully on a number of large projects.