Book description
Project Risk and Cost Analysis focuses on risk in the context of project management, primarily in the area of risk’s effects on project costs, with emphasis on the many modern tools that help you and your organization quantify and manage project risk. You will learn how to perform a formal risk and cost analysis, apply the Earned Value Method to risk management, and adjust schedule and budget reserves appropriately for your project conditions. The book follows the basic project risk management approach as laid out in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 4th Edition, popularly known as the PMBOK® Guide, along with other sources listed in the bibliography and suggested reading. This is an ebook version of the AMA Self-Study course. If you want to take the course for credit you need to either purchase a hard copy of the course through amaselfstudy.org or purchase an online version of the course through www.flexstudy.com.Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Exercise-and-Exhibits
- About This Course
- How to Take This Course
- Introduction
- Pre-Test
- Chapter 1: Introduction to Project Risk and Cost Analysis
- Chapter 2: Risk Identification
- Chapter 3: Qualitative Risk Analysis
- Chapter 4: Tools for Qualitative Risk Analysis
- Chapter 5: Statistical Foundations of Quantitative Risk and Cost Analysis
- Chapter 6: Risk Cost Analysis
- Chapter 7: Quantitative Cost Analysis Tools
- Chapter 8: Quantitative Schedule Analysis Tools
- Chapter 9: Risk Response Planning
-
Chapter 10: Risk Monitoring and Control
- Learning Objectives
- Risk Management Processes in Project Execution, Monitoring and Control, and Closeout
- Risk Management Plans and Policies
- Project Risk Monitoring and Control Systems
- Change Management and Risk
- Revisiting Risk Identification and Risk Analysis
- Risk Management and Project “Lessons Learned”
- Recap
- Review Questions
-
Answers to Exercises and Case Studies
- Exercise 1-1. Managing Important Risks
- Exercise 1-2. Your Current Risk Management Process
- Exercise 1-3. What You Spend on Risk Management
- Exercise 2-1. Risk Identification Practice
- Exercise 2-2. SWOT Analysis
- Exercise 3-1. Cause-and-Effect Diagram
- Exercise 4-1. Establishing Risk Thresholds
- Exercise 4-2. Ranking Risks
- Exercise 4-3. Prepare a Risk Information Sheet
- Exercise 5-1. Probability Practice
- Exercise 5-2. Calculate a Standard Deviation
- Exercise 6-1. Greater Accident Variation
- Exercise 6-2. Premium Income and Claims Outlays
- Exercise 6-3. Pricing Risk
- Exercise 7-1. Deterministic or Probabilistic?
- Exercise 7-2. Calculating Expected Monetary Value (EMV)
- Think About It … (Decision Tree)
- Exercise 7-3. Decision Tree
- Exercise 7-4. Sensitivity Analysis
- Exercise 8-1. Critical Path
- Exercise 8-2. Scheduling with PERT Estimates
- Exercise 8-3. Calculating Standard Deviation for a Path or Network
- Exercise 9-1. Risk Response Planning
- Exercise 9-2. Residual and Secondary Risk
- Exercise 9-3. Types of Risk Response
- Exercise 10-1. Earned Value Method (EVM) Performance Index Ratios
- Bibliography and Recommended Reading
- Glossary
- Post-Test
- Index
Product information
- Title: Project Risk and Cost Analysis
- Author(s):
- Release date: August 2011
- Publisher(s): AMA Self-Study
- ISBN: 9780761215295
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