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In the estimating, planning and management of any project, large or small, an understanding of the impact of risk is critical. This book explains how the growing number of people choosing to or forced to organise their work as projects can make realistic assessments of the uncertainty affecting costs, timescale and revenue, before commitments are made. A clear analysis of the role of uncertainty is combined in this concise and practical handbook with simple, cost-effective techniques for measuring and modelling the overall risk to a project's budget and schedule. There is advice and help here for the whole project team, including project managers; bid managers; project sales professionals; planners; estimators; managers running a project-based business; and consultants and auditors advising a projects business. Drawn from the author's extensive experience on projects ranging in scale from a few man-months to hundreds of man-years, the book will beelevant to anyone involved in a project-based business. Examples are presented as simple models, built in spreadsheets using the @Risk software package. No more than basic knowledge of Lotus 1-2-3?? or Excel?? will be required by the reader.
An easy to implement, practical, and proven risk management methodology for project managers and decision makers Drawing from the author's work with several major and mega capital projects for Royal Dutch Shell, TransCanada Pipelines, TransAlta, Access Pipeline, MEG Energy, and SNC-Lavalin, Project Risk Management: Essential Methods for Project Teams and Decision Makers reveals how to implement a consistent application of risk methods, including probabilistic methods. It is based on proven training materials, models, and tools developed by the author to make risk management plans accessible and easily implemented. Written by an experienced risk management professional Reveals essential risk management methods for project teams and decision makers Packed with training materials, models, and tools for project management professionals Risk Management has been identified as one of the nine content areas for Project Management Professional (PMP®) certification. Yet, it remains an area that can get bogged down in the real world of project management. Practical and clearly written, Project Risk Management: Essential Methods for Project Teams and Decision Makers equips project managers and decision makers with a practical understanding of the basics of risk management as they apply to project management. (PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.)
Supply Chain risk management (SCRM) is of growing importance these days, and the high level of complexity and the rapidly evolving business dynamics associated with supply chains greatly affect their performance. Although there has been much work done in the domain of SCRM, it doesn’t focus on the Project supply chains specifically under dynamic portfolios. In this book, we focus exclusively on project supply chains under dynamic portfolios, identifying the risks associated with them, and investigating the most efficient risk management techniques, through literature as well as practice based evidence.We present a holistic framework for Risk management in project supply chains that operate under dynamic portfolios. This framework has been developed after an extensive research on risk management frameworks as proposed by scholars and practitioners. The framework encapsulates the essential risk driving actors, risk assessment techniques, and the risk management strategy devised through a careful literature review of pre-existing work, amalgamated with a practical case study.
Risk Assessment and Risk Management for the Chemical Process Industry
High-level guidance for implementing enterprise risk management in any organization A Practical Guide to Risk Management shows organizations how to implement an effective ERM solution, starting with senior management and risk and compliance professionals working together to categorize and assess risks throughout the enterprise. Detailed guidance is provided on the key risk categories, including financial, operational, reputational, and strategic areas, along with practical tips on how to handle risks that overlap across categories. Provides high-level guidance on how to implement enterprise risk management across any organization Includes discussion of the latest trends and best practices Features the role of IT in ERM and the tools that are available in both assessment and on-going compliance Discusses the key challenges that need to be overcome for a successful ERM initiative Walking readers through the creation of ERM architecture and setting up on-going monitoring and assessement processes, this is an essential book for every CFO, controller and IT manager.
PROJECT MANAGEMENT MADE EASY: A PRACTICAL GUIDE FOR EXECUTIVES AND PROFESSIONALS
Practical Industrial Safety, Risk Assessment and Shutdown Systems,
In general, project success is usually measured in terms of scope, time, cost, and quality. In addition, critical risks factors are also related to scope, time, cost, and quality, as well as the risk strategies. Projects in industrial sectors in Peru are not exceptions. The stable Peruvian economy has attracted important public and private investments such that the number of industrial projects has increased considerably during the last decade. Despite this attractive context, industrial projects are failing to achieve their objectives due to schedule delays and cost overrun problems. The objective of this research is to identify and evaluate the critical risk factors that cause these schedule delays and cost overrun problems, as well as determine effective strategies for the avoidance of risks. The perception of Peruvian project participants in this research regarding risk management is quite fundamental for our assessment. A comparison with the perception of project participants from other countries is also a contribution to this research.
Clear-Cut Ways to Manage Project Risk If you're a typical project manager, you're probably aware of the importance of risk management but may not have the time or expertise to develop a full-blown plan. This book is a quick and practical guide to applying the disciplines of proven risk management practices without the rigor of complex processes. Part of the Project Manager's Spotlight series from Harbor Light Press, this straightforward book offers solutions to real-life risk scenarios. Inside, best-selling author Kim Heldman highlights critical components of risk management and equips you with tools, techniques, checklists, and templates you can put to use immediately. By following a realistic case study from start to finish, you'll see how a project manager deals with each concept. Ultimately, this book will help you anticipate, prevent, and alleviate major project risks. Project Manager's Spotlight on Risk Management teaches you how to Look for and document risk Anticipate why projects fail Prevent scope and schedule risks Analyze and prioritize risks Develop, implement, and monitor risk response plans And much more!
Contractors play an important role in any construction project. Perhaps the most important decision is the selection of a contractor by the employer prior to the implementation of the project. Contractor selection process is associated with increased risk for employers. High Impact of contractor on cost, time and the quality of the project. In this study, for contractor selection unlike the conventional methods that are based on lowest value suggested for the project implementation, the selection of a contractor is based on the contractor's ability to do the project. The potential contractors using the contractor eligibility bylaw. In this paper, combination of the risk management process and fuzzy logic, have been used to identify and assess the risks of the contractors. After identifying risk the factors and the evaluated using AHP fuzzy, It is suggested that after obtaining weight, the fuzzy criteria and competence score for each contractor is obtained. Finally, very few qualified contractors will implement the project. This applied model can help the employers, till the implementation of the project by the contractor would face little risk.
Today, a deep understanding of procurement risk management is of great importance for leading focal firms. This helps to avoid disruption along the value chain, to leverage the strength of their supply chains and improve their profit margins. Firms that use an advanced procurement performance and risk indicator system can evade significant upstream damages from procurement risks, react timely instead of delayed and can enhance expressively the robustness and, therefore, the profitability of their supply chain in the future.
This book presents a critical analysis of project risk management and significant impacts of its application on the success of a specific project’s delivery. It identifies different types of project risk management processes and frameworks used by construction projects. The main purpose is to explore, describe and analyze the perceived risk management in practice. Managing risks has been recognised as a very important project management process. The study will examine and evaluate the risk management process in specific phases of Lehe Home project and essentially analyze the empirical findings. Finally, the study generalizes and develops the project risk analysis and management and suggests for public sectors to help project managers to make better decisions under risky conditions.
The rate of violent risk prediction, assessment and management is of concern given the potential harm to the forensic client, their family and the wider community. Considerable work has been conducted in order to improve the methodology used for risk prediction and assessment. This text provides an overview of each stage of the process with reference to: two-by-two prediction accuracy table, clinical judgement and actuarial risk, static and dynamic factors, Hare’s Psychopathy Checklist, and The Historical, Clinical, and Risk Managment-20 (HCR-20).
Security Risk Management: Building an Information Security Risk Management Program from the Ground Up
The goal of Security Risk Management is to teach you practical techniques that will be used on a daily basis, while also explaining the fundamentals so you understand the rationale behind these practices. Security professionals often fall into the trap of telling the business that they need to fix something, but they can't explain why. This book will help you to break free from the so-called "best practices" argument by articulating risk exposures in business terms. You will learn techniques for how to perform risk assessments for new IT projects, how to efficiently manage daily risk activities, and how to qualify the current risk level for presentation to executive level management. While other books focus entirely on risk analysis methods, this is the first comprehensive guide for managing security risks. - Includes case studies to provide hands-on experience using risk assessment tools to calculate the costs and benefits of any security investment. - Explores each phase of the risk management lifecycle, focusing on policies and assessment processes that should be used to properly assess and mitigate risk. - Presents a roadmap for designing and implementing a security risk management program.