Managing Risk Opportunity Project Controls

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How to Manage Project Opportunity and Risk

Author : Stephen Ward,Chris Chapman
Publisher : John Wiley & Sons
Page : 520 pages
File Size : 53,9 Mb
Release : 2011-11-30
Category : Business & Economics
ISBN : 9780470686492

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How to Manage Project Opportunity and Risk by Stephen Ward,Chris Chapman Pdf

Since I wrote the Foreword for the second edition of this book, risk management processes have become much more widely used, but controversy about what should be done and how best to do it has grown. Managing risk is a risky business. Chapman and Ward provide an in-depth explanation of why it is important to understand and manage underlying uncertainty in all its forms, in order to realise opportunities more fully and enhance corporate performance. They show what best practice should look like. The implications go well beyond the conventional wisdom of project risk management, providing an enlightening new perspective. —Professor Tony M. Ridley Imperial College London, Past President, Institution of Civil Engineers Chris Chapman and Stephen Ward continue to educate the profession with this masterful exposition of the differences between, and the potentials for combinations of, risk, uncertainty and opportunity. Particularly welcome is the way they integrate this trio into the project lifecycle – the bedrock of project management control and organization. —Peter W.G. Morris Head of School and Professor of Construction and Project Management University College London Chris Chapman and Stephen Ward’s books on Project Risk Management have been an essential part of my repertoire for twenty years, and they are top of my recommended reading for the courses I do on that subject. In this book they have enhanced their previous work to focus on uncertainty management and emphasise more strongly opportunities for improving project performance, rather then just identifying what can go wrong. A structured process is an essential part of managing project uncertainty, and their process is one of the most powerful. This book will be added to my repertoire. —Rodney Turner Professor of Project Management, SKEMA Business School Lille A profoundly important book. With How to Manage Project Opportunity and Risk, Chris Chapman and Stephen Ward take a good thing and make it better. Members of the project management profession have been influenced for years by their insights into project risk management. With this latest instalment the authors demonstrate that risk and uncertainty needn’t be dreaded; in fact, the reverse side of the ‘risk coin’ has always been opportunity. My sincere appreciation to Chapman and Ward for turning this particular coin over and showing readers, academic and practitioner alike, the opportunity embedded in managing projects. —Jeffrey K. Pinto Andrew Morrow and Elizabeth Lee Black Chair in Management of Technology Sam and Irene Black School of Business, Penn State Erie

Managing Risk & Opportunity - Project Controls

Author : Planning Planet
Publisher : GCATI
Page : 110 pages
File Size : 41,8 Mb
Release : 2024-06-30
Category : Architecture
ISBN : 9781913805067

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Managing Risk & Opportunity - Project Controls by Planning Planet Pdf

The Managing Risk and Opportunity Module is to introduce the tools, techniques and methodologies associated with risk and opportunity, that have been identified as being “best tested and proven” practices and which have been found to work on “most projects, most of the time”; provide a logical or rational sequence showing when those tools or techniques would normally and customarily be used and in selected instances, show how to use those tools/techniques and/or where to find additional information on how to use or apply them.

Project and Program Risk Management

Author : R. Max Wideman
Publisher : Unknown
Page : 120 pages
File Size : 41,7 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.

Managing Project Risks

Author : Peter J. Edwards,Paulo Vaz Serra,Michael Edwards
Publisher : John Wiley & Sons
Page : 436 pages
File Size : 42,7 Mb
Release : 2019-08-13
Category : Architecture
ISBN : 9781119489733

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Managing Project Risks by Peter J. Edwards,Paulo Vaz Serra,Michael Edwards Pdf

A comprehensive overview of project risk management, providing guidance on implementing and improving project risk management systems in organizations This book provides a comprehensive overview of project risk management. Besides offering an easy-to-follow, yet systematic approach to project risk management, it also introduces topics which have an important bearing on how risks are managed but which are generally not found in other books, including risk knowledge management, cultural risk-shaping, project complexity, political risks, and strategic risk management. Many new concepts about risk management are introduced. Diagrams and tables, together with project examples and case studies, illustrate the authors’ precepts and ideas. Each chapter in Managing Project Risks begins with an introduction to its topic and ends with a summary. The book starts by providing an understanding and overview of risk and continues with coverage of projects and project stakeholders. Ensuing chapters look at project risk management processes, contexts and risk drivers, identification, assessment and evaluation, response and treatment options, and risk monitoring and control. One chapter focuses entirely on risk knowledge management. Others explore the cultural shaping of risk, political risk in projects, computer applications, and more. The book finishes by examining the current state and potential future of project risk management. In essence, this book: Effectively communicates a conceptual and philosophical understanding of risk Establishes the nature of projects and the stakeholders involved in them Presents a systematic and logically progressive approach to the processes of project risk management Demonstrates how to recognize the drivers of project risks and the factors which shape them Emphasizes the importance of capturing and exploiting project risk knowledge Provides guidance about implementing and building (or improving) project risk management systems in organizations Managing Project Risks will benefit practitioners and students of project management across a wide range of industries and professions.

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 : 54,8 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.

Project Risk and Opportunity Management

Author : Agnar Johansen,Nils O. E. Olsson,George Jergeas,Asbjørn Rolstadås
Publisher : Routledge
Page : 150 pages
File Size : 41,5 Mb
Release : 2019-03-29
Category : Business & Economics
ISBN : 9780429773419

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Project Risk and Opportunity Management by Agnar Johansen,Nils O. E. Olsson,George Jergeas,Asbjørn Rolstadås Pdf

Effective risk and opportunity management is key to the successful delivery of any major engineering and construction project. This book looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty present. The authors of this book highlight that uncertainties should be managed rather than avoided. This book will look at simple projects with a small team, to megaprojects where some hundreds of people are involved, and the consequences of delays or unforeseen costs. However, while the obvious risks can be planned for, the authors argue that it is often the opportunities in these situations that can have unexploited potential. This book is about opportunity management seen from the owner’s perspective. It will be an invaluable resource for those studying Engineering both undergraduate and postgraduate and set out ways in which projects should be managed from planning to completion. This book is also a great tool for those working in project management and the construction industry. While there are many books that demonstrate effective construction management, this book is the first of its kind to emphasise that there is opportunity in uncertainty, and possibility in the unexpected.

Risk-based Management in the World of Threats and Opportunities

Author : Rufran C. Frago
Publisher : Createspace Independent Publishing Platform
Page : 370 pages
File Size : 52,5 Mb
Release : 2015-06-20
Category : Electronic
ISBN : 1508758956

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Risk-based Management in the World of Threats and Opportunities by Rufran C. Frago Pdf

Risk-based Management in the World of Threats and Opportunities provides new and additional knowledge to project management practitioners, risk management specialists, and for undergraduate students taking up courses in Risk Management. The purpose of life is managing risk. It is in front of all of us and in the very fabric of our daily life. Risk management is the only thing we do for a living. This is the reason why we go to work every day. If we still do not realize this intriguing conclusion then I guess, we are all familiar with risks like close friends but we still do not know them well enough. Grab a copy, read and I will show you how to better appreciate the word risk, threat, opportunity, and the concept of risk-based management in the simplest terms.The sectional contents offer practical and common sense approach surrounding risk-based thinking to managers, directors, aspiring industry professionals, and newcomers. The material is especially design to start with the foundational principles and gradually bringing the reader to deeper topics using simple terminologies in conversational style. Risk-based management is a serious approach and a philosophy that takes risk as major consideration while managing any endeavor throughout its life cycle. Risk-based management increases the probability of success in achieving organizational and individual objectives. It simply means that risk should be the main contemplation by anyone while keeping an eye to achieving objectives. Risk is a primary concern in pursuit of a goal. Risk is not only a factor or featured element of management. It is the main character at play. Risk-based management gives importance to objectives. Failing to mitigate the risk means failure to meet the objective/s. Each chapter is an open-minded appraisal of risk, its concept, its approaches, its visual, basis, assumptions, methodologies, tools, and applications. Risk attributes were revisited and explained in a more vivid, flexible and friendly manner. I want to talk about risk and risk-based management with someone fresh from high school and one deep in the fields, yet coming to the same understanding because this book has bridged understanding. One must remember the idea of risk like a picture. If the book manages to accomplish that, then I consider the book a success.

Effective Opportunity Management for Projects

Author : David Hillson
Publisher : CRC Press
Page : 354 pages
File Size : 53,6 Mb
Release : 2003-11-19
Category : Computers
ISBN : 0203913248

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Effective Opportunity Management for Projects by David Hillson Pdf

With step-by-step guidelines, this bestselling reference discusses the management of project opportunities by expanding the traditional risk management process to address opportunities alongside threats. It offers valuable tools and techniques that expose and capture opportunities, minimize threats, and deal with all types of uncertainty in your business and projects. Written by an experienced consultant and risk management specialist, this guide emphasizes that risk processes must cover both opportunities and threats if they are to assist in accomplishing project objectives and maximizing business benefits.

Managing People - Project Controls

Author : Planning Planet
Publisher : GCATI
Page : 132 pages
File Size : 50,5 Mb
Release : 2024-06-30
Category : Architecture
ISBN : 9781913805043

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Managing People - Project Controls by Planning Planet Pdf

The Managing People is to introduce the tools, techniques and methodologies, deemed appropriate to identifying, developing, preparing and compensating or rewarding people to work on or in support of projects, that have been “best tested and proven” and found to work on “most projects, most of the time”; provide a logical or rationale sequence showing when those tools or techniques would normally and customarily be used and in selected instances, show how to use those tools/techniques and/or where to find additional information on how to use or apply them.

Capturing Upside Risk

Author : David Hillson
Publisher : CRC Press
Page : 240 pages
File Size : 45,9 Mb
Release : 2019-06-26
Category : Business & Economics
ISBN : 9781000691122

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Capturing Upside Risk by David Hillson Pdf

With more than three decades of experience as a thought-leader and expert practitioner, PMI Fellow Dr. David Hillson shares practical insight into how upside risks can be identified, assessed, and managed as opportunities. After reviewing the benefits of identifying opportunities, the book steps through the opportunity identification and management process in detail, describing proven tools and techniques as well as specific tips to make them work in practice. The book places opportunity management in the context of traditional risk management, providing a familiar pathway that leads project managers to discover new benefits and successes. David Hillson is one of the foremost authorities on risk management. With his latest book he presents a strong case for managing opportunities. As with all of David’s books, the style of writing is engaging and easy to understand. There are many nuggets of wisdom in this book, as well as a hands-on approach to leveraging opportunity management as a way of improving project performance. — Cyndi Snyder Dionisio, PMI Fellow, Coronado CA, USA. (Chair of the PMBOK® Guide, Sixth Edition) I enjoyed reading this book, which is precise, clear, logical, and persuasive. The clarity of thought and expression explains why David is such a sought-after speaker. This book is a must-read for project risk practitioners, as well as for project professionals who are serious about addressing all the risks on their project, including the good ones. — Dr Dale Cooper, Cammeray NSW, Australia. (Director, Broadleaf Capital International) At last, a clear and valuable book linking both sides of the coin in risk management: threats and opportunities. David Hillson truly engages the reader on how to deal with these two types of risk in projects, sharing his wisdom and extensive experience in creating value from risk management. Anyone who has to manage risk in real-world projects should read this book to enhance their opportunity management skills. — Professor Salim Al-Harthi, Muscat, Oman. (Director of Risk Management Office, Sultan Qaboos University) It is vital for value creation in business and in life that we consider uncertainties that would have upside impacts on our objectives (opportunities), as well as downside impacts (threats). Business gets confused between opportunities where there is a binary choice to take or not, and true uncertain opportunities that can be seized, or left to chance. David has persevered in helping us understand this and this important book is a must-read for all leaders who want to create value through the proactive management of risk. — Dr Ruth Murray-Webster, Wakefield, UK. (Partner, Beyond the Deal LLP and Editor, APM Body of Knowledge, 7th Edition) As project managers, we always seem to focus on threats, negative risks. David Hillson, one of the foremost thought-leaders on risk management, explains approaches to identify and manage opportunities, positive risks and how this will help achieve project success. As with his previous books, David provides a structured approach with examples, tools, and techniques. An excellent resource for all project managers in today’s world. — Peter Monkhouse, Toronto ON, Canada. (Past Chair PMI Board of Directors)

Managing Planning & Scheduling - Project Controls

Author : Planning Planet
Publisher : GCATI
Page : 154 pages
File Size : 49,9 Mb
Release : 2024-06-30
Category : Architecture
ISBN : 9781913805098

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Managing Planning & Scheduling - Project Controls by Planning Planet Pdf

The Managing Planning and Scheduling Module is to introduce the tools, techniques and methodologies that have been identified as being “best tested and proven” practices associated with planning and scheduling, which have been found to work on “most projects, most of the time”; provide a logical or rationale sequence showing when those tools or techniques would normally and customarily be used and in selected instances, show how to use those tools/techniques and/or where to find additional information on how to use or apply them.

Managing Risk in Projects

Author : Dr David Hillson
Publisher : Gower Publishing, Ltd.
Page : 132 pages
File Size : 53,7 Mb
Release : 2012-09-28
Category : Business & Economics
ISBN : 9781409458531

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Managing Risk in Projects by Dr 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.

The Practitioner Handbook of Project Controls

Author : Shane Forth,Dennis Lock
Publisher : Routledge
Page : 436 pages
File Size : 43,6 Mb
Release : 2020-10-12
Category : Business & Economics
ISBN : 9781000194227

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The Practitioner Handbook of Project Controls by Shane Forth,Dennis Lock Pdf

Although projects always carry risk, too many projects run late or exceed their original budgets by eye-watering amounts. This book is a comprehensive guide to the procedures needed to ensure that projects will be delivered on time, to specification and within budget. Eight expert contributors have combined their considerable talents to explain all aspects of project control from project conception to completion in an informative text, liberally supported where necessary by clear illustrations. This handbook will benefit all project practitioners, including project managers and those working in project management offices. It will also provide an invaluable guide for students studying for higher degrees in project management and its associated disciplines.

Risk Management for Project Managers

Author : Marcus Goncalves,Raj Heda
Publisher : Unknown
Page : 99 pages
File Size : 51,6 Mb
Release : 2014
Category : BUSINESS & ECONOMICS
ISBN : 0791861139

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Risk Management for Project Managers by Marcus Goncalves,Raj Heda Pdf

Reviews for the newest volume in The Technical Manager's Survival Guides book series. "Good read. This book is a template for managing complex businesses and contains information that every Asset Manager should know. Highly recommended." --James Willey, P.E., Vice President, Pearl Energy Philippines Operating, Inc. "Uncertainty, or risk, is an essential part of life so that thoughtful action can influence the success or failure of endeavours. This is nowhere more apparent than in projects, where poor risk management often leads to failure. Goncalves and Heda's new book makes a valuable contribution to the project risk management literature, highlighting the need to systematically and practically manage risks, and gives valuable best-practice advice on how this can be done effectively and efficiently. It is a concise, easy read for non-technical managers who will find it full of practical information." --Richard Whitfield PhD, President, East-West Institute for Advanced Studies, Macau, China "Marcus's new guide to risk management provides pragmatic advice that project managers can use to help them frame risks, use that knowledge to retain control of their projects and get their project completed with a minimum number of unpleasant surprises. An excellent book that all project managers should keep on their book shelf." --Rick Welch, Senior Vice President of Services, Demandware Corporation, Burlington, MA, USA Reviews for the newest volume in The Technical Manager's Survival Guides book series. "Good read. This book is a template for managing complex businesses and contains information that every Asset Manager should know. Highly recommended." --James Willey, P.E., Vice President, Pearl Energy Philippines Operating, Inc. "Uncertainty, or risk, is an essential part of life so that thoughtful action can influence the success or failure of endeavours. This is nowhere more apparent than in projects, where poor risk management often leads to failure. Goncalves and Heda's new book makes a valuable contribution to the project risk management literature, highlighting the need to systematically and practically manage risks, and gives valuable best-practice advice on how this can be done effectively and efficiently. It is a concise, easy read for non-technical managers who will find it full of practical information." --Richard Whitfield PhD, President, East-West Institute for Advanced Studies, Macau, China "Marcus's new guide to risk management provides pragmatic advice that project managers can use to help them frame risks, use that knowledge to retain control of their projects and get their project completed with a minimum number of unpleasant surprises. An excellent book that all project managers should keep on their book shelf." --Rick Welch, Senior Vice President of Services, Demandware Corporation, Burlington, MA, USA.

Project Risk Analysis and Management Guide

Author : John Bartlett
Publisher : APM Publishing Limited
Page : 216 pages
File Size : 46,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 1903494125

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Project Risk Analysis and Management Guide by John Bartlett Pdf

The second edition of the Project Risk Analysis and Management Guide maintains the flavour of the original and the qualities that made the first edition so successful. The new edition includes: The latest practices and approaches to risk management in projects; Coverage of project risk in its broadest sense, as well as individual risk events; The use of risk management to address opportunities (uncertain events with a positive effect on the project's objectives); A comprehensive description of the tools and techniques required; New material on the human factors, organisational issues and the requirements of corporate governance; New chapters on the benefits and also behavioural issues