Based on a sound conceptual foundation yet developed to meet practical concerns, Project Risk Management has become recognized as a standard work on its subject. It sets out the key issues and concepts involved in effective risk and uncertainty management in a clear and accessibly way, providing a comprehensive discussion of risk management processes set firmly in the context of the project management task as a whole and focused on improving performance. Essential reading for anyone involved in managing projects-including senior and middle managers, consultants, and practitioners-the Third Edition incorporates discussion of all key developments in the field since the previous edition was published in 2003 and adds new material from the US Project Management Institute to deliver a truly international perspective.
Foreword to this edition by Mike Nichols ix Foreword to the second edition with an update by Tony Ridley xi Foreword to the fi rst edition by Peter Wakeling xiii Preface and overview by the authors xv Acknowledgements xxv PART I Setting the scene 1 1 Uncertainty in and around projects 3 2 Uncertainty, risk and opportunity 43 3 Key motives for uncertainty management 73 4 An overview of generic process frameworks 101 PART II The generic process in one key lifecycle stage 131 5 Defi ne the project 133 6 Focus the process 153 7 Identify all the relevant sources of uncertainty, response options and conditions 171 8 Structure all uncertainty 215 9 Clarify ownership 235 10 Quantify some uncertainty 251 11 Evaluate all the relevant implications 289 PART III The generic process in all lifecycle stages 325 12 Fully integrating the strategy shaping stages 327 13 Fully integrating the strategy implementation stages 365 PART IV Key corporate implications 389 14 Developing PUMP capability as a project 391 15 Contracts and governance as frameworks for enlightened relationship management 411 16 A corporate capability perspective 435 References 463 Glossary 473 Index 479
