Identifying and Managing Project Risk (2nd Edition)

Tom Kendrick


In Circulation

It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources.

Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process.

Drawing on real-world situations and hundreds of examples,

the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively…before a project gets derailed.


What will you learn from this book

  1. Risk Identification and Assessment: Emphasizes the importance of systematically identifying and assessing potential risks that could affect project objectives.

  2. Risk Analysis Techniques: Introduces various risk analysis techniques, such as qualitative (probability and impact assessment) and quantitative (Monte Carlo simulations) methods, to evaluate and prioritize risks.

  3. Risk Register and Documentation: Stresses the necessity of maintaining a risk register, documenting identified risks, their potential impacts, and planned responses.

  4. Risk Mitigation Strategies: Discusses strategies for mitigating risks, including risk avoidance, risk transfer, risk reduction, and risk acceptance, based on their impact and likelihood.

  5. Contingency Planning: Advocates for developing contingency plans to address identified risks and minimize their impact if they occur.

  6. Risk Monitoring and Control: Highlights the importance of continuously monitoring identified risks throughout the project lifecycle and adjusting risk response plans as needed.

  7. Communication and Stakeholder Engagement: Emphasizes the need for transparent communication with stakeholders about identified risks, potential impacts, and mitigation strategies.

  8. Risk Ownership and Accountability: Encourages assigning ownership and accountability for managing specific risks to relevant team members or stakeholders.

  9. Lessons Learned and Feedback Loop: Promotes learning from past projects by capturing lessons learned from risk management experiences and integrating feedback for future projects.

  10. Integrated Risk Management: Advocates for integrating risk management processes into overall project management practices to ensure that risk considerations are embedded in decision-making.

Language English
ISBN-10 9780814413401
ISBN-13 9780814413401
No of pages 360
Font Size Medium
Book Publisher Amacom
Published Date 01 Mar 2009

About Author

Author : Tom Kendrick


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