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Project Risk Management: Processes, Techniques and Insights » (2nd Edition)

Book cover image of Project Risk Management: Processes, Techniques and Insights by Chris Chapman

Authors: Chris Chapman, Stephen Ward
ISBN-13: 9780470853559, ISBN-10: 0470853557
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: November 2003
Edition: 2nd Edition

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Author Biography: Chris Chapman

Chris Chapman, is a Professor of Management Science in the School of Management of the University of Southampton. He was the founding chair of the Association for Project Management Specific Interest group on Project Risk Management. He is a past president of the Operational Research Society and the current chai r of the Committee of Professors in Operational Research. He is an Honourary Fellow of the Institute of Actuaries. For more tha n 25 years his research interest has focused on risk and uncertainty management. Like Stephen, his research is largely consultancy based, and he writes from a practical but conceptually rigorous perspective. He has published extensively, including joint authorship of Management for Engineers, (Wiley 1987), Risk Analysis for Large Projects: Models, Methods and Cases, (Wiley 1987), Project Risk Management: Processes, Techniques and Insights, (Wiley, 1997) and Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making, (Wiley 2002).

Stephen Ward is a Senior Lecturer in the School of Management of the University of Southampton. Much of his research is consultancy based, giving him a broad spectrum of practical experience across a wide range of organizations over several decades. He combines this practical perspective with a thorough conceptual understanding from which to write. He has published widely, including contributions to Management for Engineers (Wiley 1987), joint authorship of Project Risk Management: Processes, Techniques and Insights, (Wiley, 1997), and joint authorship of Managing Project Risk and Uncertainty: A ConstructivelySimple Approach to Decision Making, (Wiley 2002). He is the founding director of Southampton’s MSc in Risk Management.

Book Synopsis

Based on sound conceptual foundations yet developed to meet practical concerns, Project Risk Management has become recognized as a standard work on its subject. It sets out the key issues and concepts involved in effective risk and uncertainty management in a clear and accessible way, providing a comprehensive discussion of risk management processes set firmly in the context of the project management task as a whole and focused on improving performance. The Second Edition has been extensively revised and updated to meet the new challenges of the field, and offers methodologies and techniques that are applicable to all kinds and all sizes of project.

Table of Contents

Foreword to the first edition
Foreword to the second edition
Preface
Acknowledgements
Pt. ISetting the scene1
1Uncertainty, risk, and their management3
2The project life cycle17
3Motives for formal risk management processes33
4An overview of generic risk management processes55
Pt. IIElaborating the generic process framework77
5Define the project79
6Focus the process91
7Identify the issues105
8Structure the issues137
9Clarify ownership155
10Estimate variability169
11Evaluate overall implications203
12Harness the plans231
13Manage implementation247
Pt. IIIClosing the loop253
14Risk management initiated at different stages in the project life cycle255
15Effective and efficient risk management277
16Ownership issues: a contractor perspective323
17Organizing for risk management343
References361
Index369

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