Managing Project Uncertainty
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Managing Project Uncertainty
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Author : David Cleden
language : en
Publisher: Routledge
Release Date : 2017-03-02
Managing Project Uncertainty written by David Cleden and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-02 with Business & Economics categories.
Dealing effectively with uncertainty requires today's project manager to be familiar with a broad spectrum of strategies, encompassing both 'hard' and 'soft' methods. This theme of unified thinking (i.e. the need to selectively draw upon a wide range of strategies in any given situation) will differentiate the book from its contemporaries. By picking up where traditional risk management techniques begin to fail, it brings together leading-edge thinking from a variety of disciplines and shows how these techniques can be used to conquer uncertainty in projects. The ability to make good decisions when faced with uncertainty is the real challenge. It is a universal truth that a decision is only as good as the information it is based on. But good information is often hard to come by, and all projects are vulnerable to the unknown and the unknowable. Thus, uncertainty becomes the sworn enemy of the project manager. Wherever we try to analyse, quantify, plan and act, uncertainty lies in wait to surprise us with its ambiguity and unpredictability. It lurks in every stage of the project lifecycle: in the planning (how long will this really take?), the initiation (this isn't the situation I expected!), the execution (who could have foreseen that happening?), and even the completion of a project (where are the expected benefits?). But managing uncertainty is a lot more than just applying risk management techniques. It requires a deep appreciation of how uncertainty arises and, by recognising its different guises, the appropriate strategies can be formulated. If we can learn how to reduce uncertainty, we can make better management decisions and increase the chances of the project succeeding. This book addresses five key questions: ¢ Why is there uncertainty in projects? ¢ How do you spot the symptoms of uncertainty, preferably at an early stage? ¢ What can be done to avoid uncertainty? ¢ What strategies can be used to deal with project uncertainty? ¢ How can both the individual and the organisation learn to cope more effectively in the future? The reader is assumed to be a either a project management professional, or a senior manager looking for ways to improve project management strategy within their organisation. As such, a foundation in project management basics is assumed, although not essential. The book then builds on this by exposing new ideas and concepts, and shows how these can be harnessed to tackle uncertainty in its many guises.
How To Manage Project Opportunity And Risk
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Author : Stephen Ward
language : en
Publisher: John Wiley & Sons
Release Date : 2011-11-30
How To Manage Project Opportunity And Risk written by Stephen Ward and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-30 with Business & Economics categories.
Since I wrote the Foreword for the second edition of this book, risk management processes have become much more widely used, but controversy about what should be done and how best to do it has grown. Managing risk is a risky business. Chapman and Ward provide an in-depth explanation of why it is important to understand and manage underlying uncertainty in all its forms, in order to realise opportunities more fully and enhance corporate performance. They show what best practice should look like. The implications go well beyond the conventional wisdom of project risk management, providing an enlightening new perspective. —Professor Tony M. Ridley Imperial College London, Past President, Institution of Civil Engineers Chris Chapman and Stephen Ward continue to educate the profession with this masterful exposition of the differences between, and the potentials for combinations of, risk, uncertainty and opportunity. Particularly welcome is the way they integrate this trio into the project lifecycle – the bedrock of project management control and organization. —Peter W.G. Morris Head of School and Professor of Construction and Project Management University College London Chris Chapman and Stephen Ward’s books on Project Risk Management have been an essential part of my repertoire for twenty years, and they are top of my recommended reading for the courses I do on that subject. In this book they have enhanced their previous work to focus on uncertainty management and emphasise more strongly opportunities for improving project performance, rather then just identifying what can go wrong. A structured process is an essential part of managing project uncertainty, and their process is one of the most powerful. This book will be added to my repertoire. —Rodney Turner Professor of Project Management, SKEMA Business School Lille A profoundly important book. With How to Manage Project Opportunity and Risk, Chris Chapman and Stephen Ward take a good thing and make it better. Members of the project management profession have been influenced for years by their insights into project risk management. With this latest instalment the authors demonstrate that risk and uncertainty needn’t be dreaded; in fact, the reverse side of the ‘risk coin’ has always been opportunity. My sincere appreciation to Chapman and Ward for turning this particular coin over and showing readers, academic and practitioner alike, the opportunity embedded in managing projects. —Jeffrey K. Pinto Andrew Morrow and Elizabeth Lee Black Chair in Management of Technology Sam and Irene Black School of Business, Penn State Erie
Managing The Unknown
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Author : Christoph H. Loch
language : en
Publisher: John Wiley & Sons
Release Date : 2011-11-30
Managing The Unknown written by Christoph H. Loch and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-30 with Technology & Engineering categories.
Managing the Unknown offers a new way of looking at the problem of managing projects in novel and unknown environments. From Europe's leading business school, this book shows how to manage two fundamental approaches that, in combination, offer the possibility of coping with unforeseen influences that inevitably arise in novel projects: * Trial-and-Error Learning allows for redefining the plan and the project as the project unfolds * Selectionism pursues multiple, independent trials in order to pick the best one at the end Managing the Unknown offers expert guidelines to the specific project mindsets, infrastructures, and management methods required to use these project management approaches and achieve success in spite of unforeseen obstacles. This book equips readers with: * Causal explanations of why unforeseeable factors in novel projects make traditional project planning and project risk management insufficient * Directly applicable management tools that help managers to guide novel and high-uncertainty projects * Real-world case studies of both successful and unsuccessful approaches to managing high uncertainty in novel projects
Managing Uncertainty In Projects
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Author : Olga Perminova
language : en
Publisher:
Release Date : 2011
Managing Uncertainty In Projects written by Olga Perminova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Project management categories.
"Recent studies in project management show that the risk management practices are ineffective. When an unexpected event takes place, risk management is rarely enough to guide how the managers should act. In these situations, project managers face uncertainty about the new state in the project, the effects of the situations on the project outcomes as well as uncertainty about managerial actions and their respective effect. This book presents and explains the management methods and principles to successfully address uncertainty to ensure the project performance"--Page 4 of cover.
Silver Lining Of Project Uncertainties
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Author : Ting Gao
language : en
Publisher: Project Management Institute
Release Date : 2013-10-01
Silver Lining Of Project Uncertainties written by Ting Gao and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-01 with Business & Economics categories.
The Silver Lining of Project Uncertainties provides readers with a critical foundation for how to differentiate the management of project risks and uncertainties, how to differentiate project success from project value and how to clearly identify the key elements of project risk, uncertainty and value opportunity.
Project Risk Governance
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Author : Dr Dieter Fink
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2014-01-28
Project Risk Governance written by Dr Dieter Fink and has been published by Gower Publishing, Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-28 with Business & Economics categories.
In Project Risk Governance, Dieter Fink breaks new ground in two ways. Firstly, he places project risk management in the context of today’s organisations in which objectives are increasingly implemented through projects to better respond to fast-changing markets. Secondly, he applies a governance perspective to examine project risk at the project and corporate levels, an approach which is significantly under-researched and for which theoretical knowledge and professional practice are at an early stage of maturity. Project risk governance falls between corporate governance and project governance and is attracting increasing attention. The author argues that there are two reasons for this. The first is the ‘projectisation’ of organisations, in particular within organisations conforming to the Project-Based Organisation (PBO) model. The second is the prevalence of a strategic approach to managing risk for the purposes of protecting organisational values and creating competitive advantage. The book addresses governance, strategy, value management and building enterprise-wide Project Risk Governance (PRG) capabilities. Chapters examine the role of projects in organisations and the need to integrate project and business strategy within the framework of the Project-Based Organisation. PRG is introduced via its links with corporate and project governance and its scope is covered in chapters that identify relevant processes, structures and relationship mechanisms. Contextual influences such as the professionalisation of project management are recognised and insights provided to increase readers’ understanding of uncertainty, risk events, and probabilities and of the essential requirements of managing risks at project level. The final chapter provides a roadmap to the stages and dimensions of a PRG maturity model.
Managing Risk In Projects
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Author : David Hillson
language : en
Publisher: Routledge
Release Date : 2017-05-15
Managing Risk In Projects written by David Hillson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-15 with Business & Economics categories.
Projects are risky undertakings, and modern approaches to managing projects recognise the central need to manage the risk as an integral part of the project management discipline. Managing Risk in Projects places risk management in its proper context in the world of project management and beyond, and emphasises the central concepts that are essential in order to understand why and how risk management should be implemented on all projects of all types and sizes, in all industries and in all countries. The generic approach detailed by David Hillson is consistent with current international best practice and guidelines (including 'A Guide to the Project Management Body of Knowledge' (PMBoK) and the 'Project Risk Management Practice Standard' from PMI, the 'APM Body of Knowledge' and 'Project Risk Analysis & Management (PRAM) Guide' from APM, 'Management of Risk: Guidance for Practitioners' from OGC, and the forthcoming risk standard from ISO) but David also introduces key developments in the risk management field, ensuring readers are aware of recent thinking, focusing on their relevance to practical application. Throughout, the goal is to offer a concise description of current best practice in project risk management whilst introducing the latest relevant developments, to enable project managers, project sponsors and others responsible for managing risk in projects to do just that - effectively.
Project Risk Management
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Author : Chris Chapman
language : en
Publisher: John Wiley & Sons
Release Date : 2003-12
Project Risk Management written by Chris Chapman and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12 with Business & Economics categories.
Risk is a key consideration for project managers in any area of endeavour. The authors show how, using a general methodology, to take a systematic approach to managing risk to increase overall project management efficiency.
Managing Project Risk And Uncertainty
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Author : Chris Chapman
language : en
Publisher: John Wiley & Sons
Release Date : 2002-10-11
Managing Project Risk And Uncertainty written by Chris Chapman and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-11 with Business & Economics categories.
This title confidently puts forward a practical, new approach to decision making in an uncertain business world. Many variables are accounted for and the authors are innovative in integrating previous types of decision-making approaches with a more fluid, and therefore realistic model that can be applied across a wide range of contexts and decisions. A new title on a important topic that not only stands well on its own, but also complements Chapman and Ward's previous title Project Risk Management. This book is practical and rigorous yet written in an engaging way. It is perfect for courses, or to be used by practitioners.
Mastering Project Uncertainty
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Author : Paul W. M. Cuypers
language : en
Publisher:
Release Date : 2024
Mastering Project Uncertainty written by Paul W. M. Cuypers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with Leadership categories.
"Uncertainty permeates every thinkable aspect of project work, so mastering it is the key to controlling benefits, budgets, and timelines. This book offers a theoretical framework and practical guidelines to systematically minimize uncertainty and increase the chances of project success. To paraphrase Henry Ford, transitioning from traditional risk management to mastering project uncertainty implies abandoning the quest for faster horses in favour of driving cars toward your project goals. This book is the roadmap to this transition, with Part One providing a theoretical foundation using systems thinking. Part Two introduces basic strategies supported by practical tools and techniques to master uncertainty through: 1. Raising information awareness 2. Increasing information availability 3. Improving the effective use of information 4. Maximizing information efficiency. This book's highly practical approach, offering techniques that can be applied the next day on the shop floor, will be an essential tool for leaders, project managers, strategists, and policymakers to bring any organization's sustainable vision for the future to life"--