Managing Uncertainty In Projects

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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.
Uncertainty And Ground Conditions
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Author : Martin van Staveren
language : en
Publisher: CRC Press
Release Date : 2018-09-27
Uncertainty And Ground Conditions written by Martin van Staveren and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-27 with Technology & Engineering categories.
All civil engineering and construction projects require some sort of solid foundation, but ground conditions bring some degree of uncertainty to every project. Dealing properly with uncertainty over ground conditions can make the difference between the commercial success and failure of a project.With the costs of failing to accurately predict groun
Solving For Project Risk Management Understanding The Critical Role Of Uncertainty In Project Management
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Author : Christian B. Smart
language : en
Publisher: McGraw Hill Professional
Release Date : 2020-11-23
Solving For Project Risk Management Understanding The Critical Role Of Uncertainty In Project Management written by Christian B. Smart and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-23 with Business & Economics categories.
Risk is real—but you can manage it with this hard-hitting guide to reducing risk on any project, in any industry All projects, large and small, are subject to various risks. But the failure to manage inherent risk with diligence and know-how can lead to devastating consequences for an organization. In this comprehensive hands-on guide, a renowned expert in the field provides everything organizations need to conduct project risk management the right way. Why do so many projects come in over schedule and over budget? How do projected expenditures and schedules line up with reality? How can you accurately assess risk to mitigate financial disaster? Through a methodical, statistics-based approach, Christian B. Smart reveals: The enduring problem of cost and schedule growth How rigorous project risk management can reduce the impact of uncertainty The systematic tendency to underestimate risk—and how to avoid it Ways to accurately assess confidence levels in project risk management The need for proper risk management at the portfolio level The author lays out common problems and explains how to effectively solve them. And while he employs a wealth of illustrative charts, graphs, and statistics, he presents the material in an accessible style, and peppers the text with powerful personal anecdotes. Ideal for project managers, business analysts, and senior decision makers in both the public and private sectors, Solving for Project Risk Management offers everything you need to ensure your projects run smoothly, on budget, and deliver the expected outcomes.
Managing Project Uncertainty
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Author : Mr David Cleden
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2012-09-28
Managing Project Uncertainty written by Mr David Cleden 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 2012-09-28 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.
Planning Under Pressure
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Author : John Kimball Friend
language : en
Publisher: Routledge
Release Date : 2005
Planning Under Pressure written by John Kimball Friend and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Architecture categories.
"In this extended third edition, the authors introduce fifteen short contributions that present lessons from varied international experiences in adapting the Strategic Choice Approach to guide decisions in settings ranging from the re-routing of a controversial city carnival procession to national policy for the management of nuclear waste."--Jacket.
Proactive Risk Management
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Author : Guy M. Merritt
language : en
Publisher: CRC Press
Release Date : 2020-10-28
Proactive Risk Management written by Guy M. Merritt and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-28 with Business & Economics categories.
Listed as one of the 30 Best Business Books of 2002 by Executive Book Summaries. Proactive Risk Management's unique approach provides a model of risk that is scalable to any size project or program and easily deployable into any product development or project management life cycle. It offers methods for identifying drivers (causes) of risks so you can manage root causes rather than the symptoms of risks. Providing you with an appropriate quantification of the key factors of a risk allows you to prioritize those risks without introducing errors that render the numbers meaningless. This book stands apart from much of the literature on project risk management in its practical, easy-to-use, fact-based approach to managing all of the risks associated with a project. The depth of actual how-to information and techniques provided here is not available anywhere else.
Planning For Resilience
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Author : Elena Pede
language : en
Publisher: Springer
Release Date : 2019-04-06
Planning For Resilience written by Elena Pede and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-06 with Social Science categories.
Given the increasing uncertainty due to catastrophic climate events, terrorist attacks, and economic crises, this book addresses planning for resilience by focusing on sharing knowledge among policy-makers, urban planners, emergency teams and citizens. Chapters look at the nature of contemporary risks, the widespread of resilience thinking and the gap between the theoretical conception and the practices. The book explores how resilience implies a change in planning practices, highlighting the need for flexibility in terms of procedures, and for dynamism in the knowledge systems and learning processes that are the main tools for interaction among different actors and scales. Given its breadth of coverage, the book offers a valuable resource for both academic readers (spatial planners, geographers, social scientists) and practitioners (policymakers, citizens’ associations).
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.
Uncertainty In Industrial Practice
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Author : Etienne de Rocquigny
language : en
Publisher: John Wiley & Sons
Release Date : 2008-09-15
Uncertainty In Industrial Practice written by Etienne de Rocquigny 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 2008-09-15 with Mathematics categories.
Managing uncertainties in industrial systems is a daily challenge to ensure improved design, robust operation, accountable performance and responsive risk control. Authored by a leading European network of experts representing a cross section of industries, Uncertainty in Industrial Practice aims to provide a reference for the dissemination of uncertainty treatment in any type of industry. It is concerned with the quantification of uncertainties in the presence of data, model(s) and knowledge about the system, and offers a technical contribution to decision-making processes whilst acknowledging industrial constraints. The approach presented can be applied to a range of different business contexts, from research or early design through to certification or in-service processes. The authors aim to foster optimal trade-offs between literature-referenced methodologies and the simplified approaches often inevitable in practice, owing to data, time or budget limitations of technical decision-makers. Uncertainty in Industrial Practice: Features recent uncertainty case studies carried out in the nuclear, air & space, oil, mechanical and civil engineering industries set in a common methodological framework. Presents methods for organizing and treating uncertainties in a generic and prioritized perspective. Illustrates practical difficulties and solutions encountered according to the level of complexity, information available and regulatory and financial constraints. Discusses best practice in uncertainty modeling, propagation and sensitivity analysis through a variety of statistical and numerical methods. Reviews recent standards, references and available software, providing an essential resource for engineers and risk analysts in a wide variety of industries. This book provides a guide to dealing with quantitative uncertainty in engineering and modelling and is aimed at practitioners, including risk-industry regulators and academics wishing to develop industry-realistic methodologies.