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Practical Project Risk Management, 2nd Edition

Book Description

This second edition of the book reflects the authors' work to continually improve upon the model and to apply the methodology to a broader range of issues. The book includes:
• An entirely new chapter on managing risk in programs, which is an important dimension in today's world of ever more complex initiatives
• Updated material and methodology more closely aligned with relevant international standards
• Emphasis on minimizing the threats and maximizing the opportunities to optimize achievement of your project goals
Based on sound principles and best practices, this book guides any member of the project management team in conducting risk management in a real-world environment.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. ABOUT THE AUTHORS
  5. CONTENTS
  6. LIST OF FIGURES
  7. Foreword to the Second Edition
  8. Foreword to the First Edition
  9. Authors’ Preface
  10. Acknowledgments
  11. PART I: The Problem
    1. Chapter 1: The Challenge of Managing Risk
      1. Risk—The Definition Debate
      2. Using Risk Management on Projects
      3. Benefits of Effective Risk Management
    2. Chapter 2: Making It Work
      1. Why Don’t We Do It?
      2. Turning Negatives into Positives
      3. The Critical Success Factors for Risk Management
      4. Conclusion
    3. Chapter 3: Active Threat and Opportunity Management—The ATOM Risk Process
      1. Introducing ATOM
      2. Project Sizing
      3. ATOM for the Typical Project
      4. Comparison to Existing Standards
      5. Conclusion
  12. PART II: Applying ATOM to a Typical Project
    1. Chapter 4: Start at the Beginning (Initiation)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    2. Chapter 5: Exposing the Challenge (Identification)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    3. Chapter 6: Understand the Exposure (Assessment)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    4. Chapter 7: Options and Actions (Response Planning)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    5. Chapter 8: Spread the Word (Reporting)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    6. Chapter 9: Just Do It (Implementation)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    7. Chapter 10: Keep It Alive (Major Reviews)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    8. Chapter 11: Ongoing Updates (Minor Reviews)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
    9. Chapter 12: Learn from Experience (Post-Project Review)
      1. Inputs
      2. Activities
      3. Outputs
      4. Summary
  13. PART III: Variations on a Theme
    1. Chapter 13: ATOM for Small Projects
      1. Less Is More
      2. Initiation
      3. Identification
      4. Assessment
      5. Response Planning
      6. Reporting
      7. Implementation
      8. Review
      9. Post-Project Review
      10. Conclusion
    2. Chapter 14: ATOM for Large Projects
      1. Bigger Is Better
      2. Initiation
      3. Identification
      4. Assessment
      5. Response Planning
      6. Reporting
      7. Implementation
      8. Review
      9. Post-Project Review
      10. Conclusion
    3. Chapter 15: Simulating Possible Futures (Quantitative Analysis)
      1. Introducing Monte Carlo Analysis
      2. Quantitative Risk Analysis in the Project Life Cycle
      3. Quantitative Risk Analysis in the ATOM Process
      4. Getting Started
      5. Analysis
      6. Interpreting Outputs
      7. Using Results
      8. Conclusion
    4. Chapter 16: Managing Risk in Programs
      1. From Projects to Programs
      2. Program Management Basics
      3. Aim and Scope of Program Risk Management
      4. Managing Program Risk
    5. Epilogue: Next Steps
      1. Step 1: Appoint an Organizational Risk Sponsor
      2. Step 2: Tailor the ATOM Process
      3. Step 3: Pilot Application
      4. Step 4: Modify Process (if required)
      5. Step 5: Develop Infrastructure
      6. Step 6: Train Staff
      7. Step 7: Assess Existing Risk Management Capability
      8. Step 8: Implementation and Rollout
      9. Step 9: Reassess Capability and Refresh Process
      10. Conclusion
  14. Appendix A: Templates and Examples
  15. Appendix B: Further Templates and Examples
  16. Glossary of Terms and Abbreviations
  17. References and Further Reading
  18. Index