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C. B. Chapman - Project Risk Management: Processes, Techniques and Insights

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In the estimating, planning, implementation and realisation of any project, large or small, an understanding of risk management is critical. The central aim of Project Risk Management is to set out the key issues and concepts involved in effective risk management in a clear and accessible way. The methodology is applicable to all kinds and all sizes of project, whether this warrants detailed, quantitative analysis or a quick and dirty approach using only qualitative analysis. Project Risk Management meets the growing need for a generic methodology employing a systematic approach to project risk management. A central concern of the authors is to provide a comprehensive discussion of risk management processes set firmly in the context of the project management task as a whole, with a view to improving project performance. Its emphasis is risk management rather than risk evaluation and it treats risk management as an add in (rather than as an add on) to project management. Based on a sound conceptual foundation, developed to meet practical concerns, Project Risk Management is a clear, comprehensive guide relevant to anyone involved in managing a project. Project Management

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title Project Risk Management Processes Techniques and Insights - photo 1

title:Project Risk Management : Processes, Techniques, and Insights
author:Chapman, C. B.; Ward, Stephen
publisher:John Wiley & Sons, Ltd. (UK)
isbn10 | asin:0471958042
print isbn13:9780471958048
ebook isbn13:9780585213972
language:English
subjectIndustrial project management, Risk management.
publication date:1997
lcc:T56.8.C52 1997eb
ddc:658.4/04
subject:Industrial project management, Risk management.
Page iii
Project Risk Management
Processes, Techniques and Insights
Chris Chapman and Stephen Ward
School of Management
University of Southampton
Page iv Copyright 1997 by John Wiley Sons Ltd Baffins Lane Chichester - photo 2
Page iv
Copyright 1997 by John Wiley & Sons Ltd,
Baffins Lane, Chichester,
West Sussex PO19 1UD, England
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International (+44) 1243 779777
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Visit our Home Page on http://www.wiley.co.uk or http://www.wiley.com
Reprinted August 1997, May 1998, March and December 1999
All Rights Reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London, UK W1P 9HE, without the permission in writing of the publisher.
Other Wiley Editorial Offices
John Wiley & Sons, Inc., 605 Third Avenue,
New York, NY 10158-0012, USA
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Queensland 4064, Australia
John Wiley & Sons (Canada) Ltd, 22 Worcester Road,
Rexdale, Ontario M9W 1L1, Canada
John Wiley & Sons (Asia) Pte Ltd, 2 Clementi Loop #02-01,
Jin Xing Distripark, Singapore 129809
Library of Congress Cataloging-in-Publication Data
Chapman, C. B.
Project risk management : processes, techniques, and insights / Chris Chapman and Stephen Ward.
p. cm.
Includes bibliographical references and index.
ISBN 0-471-95804-2 (cloth)
1. Industrial project management. 2. Risk management. I. Ward, Stephen (Stephen C.)
II. Title.
T56.8.C52 1997
658.4'04dc20 96-30345
CIP
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN 0-471-95804-2
Typeset in 10/12pt Palatino from the author's disks by Laser Words, Madras, India Printed and bound in Great Britain by Bookcraft (Bath) Ltd, Midsomer Norton, Somerset This book is printed on acid-free paper responsibly manufactured from sustainable forestation, for which at least two trees are planted for each one used for paper production.
Page v
Page vii CONTENTS Foreword xiii Preface - photo 3
Page vii
CONTENTS
Foreword
xiii
Preface
xv
Acknowledgements
xxi
Part One
Setting the Scene
1
Chapter 1: Uncertainty, Risk, and Their Management
3
Picture 4
1.1 The Roots of Uncertainty in Projects
3
Picture 5
1.2 The Nature of Project Risk
7
Picture 6
1.3 The Role of Risk Management
9
Chapter 2: Implications of the Project Life Cycle
13
Picture 7
2.1 Introduction
13
Picture 8
2.2 Eight Stages
14
Picture 9
2.3 Elaborations to the Eight-Stage Framework
22
Picture 10
2.4 Implied Opportunities for Risk Management
24
Picture 11
2.5 A Wider Perspective
27
Picture 12
2.6 Conclusion
30
Chapter 3: Motives for Formal Risk Management Processes
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