The project manager's guide to handling risk / Alan Webb.

ISBN:

9780566085710

Title:

Author:

Webb, Alan.

Personal Author:

Webb, Alan.

Publication Information:

Aldershot, Hants, England ; Burlington, VT : Gower, c2003.

Physical Description:

xiv, 179 p. : ill. ; 25 cm. + 1 CD-ROM (4 3/4 in.)

General Note:

Includes index.

Subject Term:

Risk management.

Project management.

Format:

Books

Electronic Access:

Table of contents http://www.loc.gov/catdir/toc/fy045/2003109334.html

Publication Date:

2003

Publication Information:

Aldershot, Hants, England ; Burlington, VT : Gower, c2003.

Available:*

Shelf Number	Material Type	Copy	Shelf Location	Status
658.155 WEB	Book	1	Standard shelving location	Searching... Unknown
CD 658.155 WEB	CD-ROM	1	Standard shelving location	Searching... Unknown

Risk is a key issue for every project manager. How the various risks are handled can often define the final outcome of a project; it can determine its overall worth to both sponsors and contractors and its ultimate success or failure. Alan Webb's The Project Manager's Guide to Handling Risk is a concise, practical guide to the process for every project manager. Starting from an explanation of how our current ideas of risk have evolved, the author: � introduces the nature of risk and the basis of risk analysis; � explores how and where different patterns of risk emerge within the life of a project, and � explains the variety of tools and techniques for risk analysis and management and shows how to use them. The book also provides a comprehensive assessment of the current range of software tools that deals with the various aspects of risk management. Included with The Project Manager's Guide to Handling Risk is a free CD-ROM containing samples of available software packages.

Author Notes

Alan Webb is author of Project Management for Successful Product Innovation and Using Earned Value, both published by Gower. Alan was a senior project manager and is now an author and an independent project management consultant

Excerpts

Risk is a key issue for every project manager. How the various risks are handled can often define the final outcome of a project; it can determine its overall worth to both sponsors and contractors and its ultimate success or failure. Alan Webb's The Project Manager's Guide to Handling Risk is a concise, practical guide to the process for every project manager. Starting from an explanation of how our current ideas of risk have evolved, the author: • introduces the nature of risk and the basis of risk analysis; • explores how and where different patterns of risk emerge within the life of a project, and • explains the variety of tools and techniques for risk analysis and management and shows how to use them. The book also provides a comprehensive assessment of the current range of software tools that deals with the various aspects of risk management. Included with The Project Manager's Guide to Handling Risk is a free CD-ROM containing samples of available software packages. Excerpted from The Project Manager's Guide to Handling Risk (Ebk) by Alan Webb All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.

List of Examples	p. vii
List of Figures	p. viii
List of Tables	p. x
Foreword	p. xi
Preface	p. xii
1. Introduction	p. 1
2. Origins and History	p. 5
In the lap of the gods	p. 5
The measure of chance	p. 6
Social statistics	p. 7
Inferring the future	p. 9
Understanding reality	p. 11
Modern times	p. 13
3. Understanding the Nature of Risk	p. 17
Objective measurement?	p. 18
The risk paradox	p. 19
Are risks desirable?	p. 20
Perceptions and emphases	p. 21
Uncertainty	p. 22
Hazards	p. 23
Opportunity, possibility, probability, likelihood, chance and fate	p. 24
Project risk management	p. 25
4. Risks in Projects	p. 27
How do risks arise?	p. 27
What sort of risks are there?	p. 28
5. Project Selection	p. 34
Wealth creation	p. 34
Business merit	p. 39
6. Making Decisions in Uncertain Situations	p. 48
The concept of strategy	p. 48
Alternative strategies	p. 49
Expected values	p. 53
Decision trees	p. 55
Making use of further information	p. 61
The influence diagram	p. 65
Sensitivity analysis	p. 67
The decision-making process	p. 69
7. Changing Conditions	p. 71
Combined probabilities	p. 71
Conditional uncertainty	p. 72
Simulations	p. 75
Analysing the problem	p. 77
The matter of feedback	p. 84
Adding contingency	p. 85
8. The Risk Management Process	p. 89
Risk identification	p. 90
Analysis and assessment	p. 93
Choosing what to do	p. 97
Monitoring the situation	p. 100
Closing the loop	p. 101
9. Organizational Issues	p. 103
Attitudes and culture	p. 103
Project contract structure	p. 108
Contractual organizations	p. 113
Managerial organization	p. 119
Management structure for risk handling	p. 121
10. Managing with Risk Analysis Methods	p. 124
Impact and probability	p. 124
Robust projects	p. 127
Business risk	p. 132
Risk analysis and management within the organization	p. 133
Problem issues	p. 138
11. Software for Risk Analysis and Management	p. 140
Categories of software	p. 141
Software products currently available	p. 142
Risk status monitors	p. 145
Combined approaches	p. 160
Overall conclusion	p. 162
Appendix I Terms used in the discussion and description of risk analysis and management	p. 163
Appendix II Software products and vendors	p. 169
Appendix III Software products on the CD-ROM	p. 172
Index	p. 175

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Table of Contents