Peter J. Edwards, Paulo Vaz Serra, Michael Edwards

Managing Project Risks (eBook, PDF)

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 464
• Erscheinungstermin: 30. August 2019
• Englisch
• ISBN-13: 9781119489764
• Artikelnr.: 57702524

Autorenporträt

PETER J EDWARDS, PHD, is an Adjunct Professor at RMIT University in Melbourne, Australia. He has authored and co-authored more than 150 peer-reviewed journal and conference papers, two books, and five book chapter contributions. PAULO VAZ SERRA, PHD, is a Senior Lecturer in the Faculty of Architecture, Building and Planning at the University of Melbourne, Australia, with more than 20 years of experience working in the construction industry in Europe. He coordinates the "Risk in Construction" and other courses within a Master of Construction Management degree program. MICHAEL EDWARDS, B.SC., has worked for the Australian Commonwealth Government for over 20 years initiating and managing projects for services and service improvements.

Inhaltsangabe

List of Tables xv

List of Figures xvii

Preface xix

Acknowledgements xxiii

Glossary xxv

1 Introduction 1

1.1 Introduction 1

1.2 The Project Perspective 1

1.3 The Project Stakeholder Perspective 2

1.4 Overview of Contents 3

1.5 Limitations Caveat 5

2 An Overview of Risk 7

2.1 Introduction 7

2.2 Risk Definitions 7

2.3 Threat and Opportunity 9

2.4 Risk and Uncertainty 11

2.5 The Dynamic Nature of Risk 16

2.6 Psychology and Perceptions of Risk 17

2.7 Risk Awareness 18

2.8 Classifying Risk 19

2.9 Risk Communication 28

2.10 Summary 28

References 29

3 Projects and Project Stakeholders 31

3.1 Introduction 31

3.2 The Nature of Projects 31

3.3 Project Objectives 32

3.4 Project Phases 39

3.5 The Composition of Projects 41

3.6 Processes of Project Implementation 43

3.7 IT Project Example 44

3.8 Organisational Structures for Projects 46

3.9 Project Stakeholder Relationships 47

3.10 Stakeholder Organisational Structures 55

3.11 Modes of Organisational Management 60

3.12 Project Stakeholder Decision Making 61

3.13 'Risky' Projects 65

3.14 Summary 67

References 68

4 Project Risk Management Systems 69

4.1 Introduction 69

4.2 Risk Management 70

4.3 Risk Management Systems 72

4.4 Risk Management Standards and Guides 73

4.5 A Cycle of Systematic Project Risk Management 75

4.6 Project Stages and Risk Management Workshops 79

4.7 A Project Risk Register Template 86

4.8 Summary 88

References 88

5 Project Risk Contexts and Drivers 91

5.1 Introduction 91

5.2 The Contextualising Process 92

5.3 Internal Contexts as Risk Drivers 93

5.4 External Contexts as Risk Drivers 94

5.5 Using Contextual Information 100

5.6 Summary 101

Reference 101

6 Approach to Project Risk Identification 103

6.1 Introduction 103

6.2 Approach to Risk Identification 104

6.3 Workshop Timing 105

6.4 Types of Risk Identification Techniques 110

6.5 Summary 116

Reference 117

7 Project Risk Identification Tools 119

7.1 Introduction 119

7.2 Activity-Related Tools 120

7.3 Analytical Tools 128

7.4 Associated Representative Tools 137

7.5 Matrix Tools 149

7.6 Simulation and Visualisation Tools 149

7.7 Speculation Tools 153

7.8 Structural and Management Tools 155

7.9 Risk Identification Statements 156

7.10 Summary 158

References 160

8 Project Risk Analysis and Evaluation 161

8.1 Introduction 161

8.2 Qualitative Analysis 163

8.3 Assessing Likelihood 164

8.4 Assessing Impacts 167

8.5 Evaluating Risk Severity 168

8.6 Quantitative Analysis 172

8.7 Risk Mapping 179

8.8 Summary 181

References 182

9 Risk Response and Treatment Options 183

9.1 Introduction 183

9.2 Risk Attitudes and Appetites 184

9.3 Existing Risk Controls 187

9.4 Risk Response Options 188

9.5 Risk Treatment Options 194

9.6 Risk Mitigation Principles 195

9.7 Strategic Use of ALARP ('As Low as Reasonably Practical') 197

9.8 Reassessment 19