Identifying and Managing Project Risk

Essential Tools for Failure-Proofing Your Project

 Identifying and Managing Project Risk

Author: Tom Kendrick, PMP
Pub Date: March 2015
Print Edition: $34.95
Print ISBN: 9780814436080
Page Count: 400
Format: Hardback
Edition: Third Edition
e-Book ISBN: 9780814436097

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Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources . . . which is why the identification of potential risks is an essential part of your job as a project manager. Things that can go wrong often do, so to plan for success, you need to have a thorough understanding of the risks inherent during every phase of the project life cycle.

Drawing on real-world situations and hundreds of examples, this book outlines the risk management process and provides proven methods for project risk planning. Long considered the definitive resource for project managers seeking to guard against failure—and now fully updated and consistent with the Risk Management Professional (RMP) certification and the Guide to the Project Management Body of Knowledge (PMBOK®)—Identifying and Managing Project Risk is the one book no project manager should be without.

Outlining proven methods, demonstrating key ideas for project risk planning, and showing how to use high-level risk assessment tools, the book details what many once considered a truly impossible project—the building of the Panama Canal—to demonstrate key ideas in the risk management process. You’ll become familiar with essential concepts involved in project risk planning, with indispensable guidance on topics such as:

• The benefits and uses of risk data

• Setting limits and defining deliverables

• Procurement planning and source selection

• Constraint management and risk discovery

• Quantitative and qualitative analysis

• Project simulation and modeling

• And much more

The book also contains sections on the different types of risk to consider when planning; cost estimating and budgeting; how to identify key issues associated with project metrics; Work Breakdown Structure (WBS); analysis of scale; and activity sequencing. You’ll learn how to properly document every possible consideration; implement a complete system for monitoring and controlling projects; and use high-level risk-assessment tools.

In addition, the Third Edition moves beyond risk management basics such as insurance, financial, and investment portfolio risk to offer fresh, up-to-the-minute guidance on topics including program risk management, qualitative and quantitative risk analysis, simulation and modeling, significant “non-project” risks, and more.

Complicated projects are inherently risky business. Fully updated and revised, the Third Edition of Identifying and Managing Project Risk is the essential guide for avoiding surprises, and achieving incredible project success.

TOM KENDRICK, PMP, has over 35 years of project and program experience, including senior positions with Hewlett-Packard and Visa. A respected author, he received PMI’s David I. Cleland Project Management Literature Award for the previous edition of this book. He is the Program Director for Project Management at UC Berkeley Extension.

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