Project Risk Quantification
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Project Risk Quantification
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Author : John K. Hollmann
language : en
Publisher:
Release Date : 2016-06-28
Project Risk Quantification written by John K. Hollmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-28 with categories.
Project Risk Quantification presents the most practical, realistic, and integrated approach to project cost and schedule Risk Quantification that is available today. It offers proven, empirically-valid methods and tools applicable to projects of all types and at all decision gates. The text is written for both the manager and the risk analysis practitioner. It will bring reliable accuracy and contingency determination to your capital project organization.
Managing The Continuum Certainty Uncertainty Unpredictability In Large Engineering Projects
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Author : Franco Caron
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-05-24
Managing The Continuum Certainty Uncertainty Unpredictability In Large Engineering Projects written by Franco Caron and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-24 with Technology & Engineering categories.
The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.
Handbook Of Research On Leveraging Risk And Uncertainties For Effective Project Management
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Author : Raydugin, Yuri
language : en
Publisher: IGI Global
Release Date : 2016-11-29
Handbook Of Research On Leveraging Risk And Uncertainties For Effective Project Management written by Raydugin, Yuri and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-29 with Business & Economics categories.
The proper understanding and managing of project risks and uncertainties is crucial to any organization. It is of paramount importance at all phases of project development and execution to avoid poor project results from meager economics, overspending, reputation and environmental damage, and even loss of life. The Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management is a comprehensive reference source for emerging perspectives of managing risks associated with the execution and development of projects. Highlighting innovative coverage written by top industry specialists, such as complexity theory, psychological bias and risk management fallacies, probabilistic risk analysis, and various aspects of project decision making, this book is ideally designed for project and risk managers, project engineers, cost estimators, schedulers, safety and environmental protection specialists, corporate planners, financial and insurance specialists, corporate decision makers, as well as academics and lecturers working in the area of project management and students pursing PMP, PMI-RMP, ISO 31000, etc. certification.
Modern Risk Quantification In Complex Projects
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Author : Yuri G. Raydugin
language : en
Publisher: Oxford University Press
Release Date : 2020-07-16
Modern Risk Quantification In Complex Projects written by Yuri G. Raydugin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-16 with Mathematics categories.
Project practitioners and decision makers complain that both parametric and Monte Carlo methods fail to produce accurate project duration and cost contingencies in majority of cases. Apparently, the referred methods have unacceptably high systematic errors as they miss out critically important components of project risk exposure. In the case of complex projects overlooked are the components associated with structural and delivery complexity. Modern Risk Quantification in Complex Projects: Non-linear Monte Carlo and System Dynamics Methodologies zeroes in on most crucial but systematically overlooked characteristics of complex projects. Any mismatches between two fundamental interacting subsystems - a project structure subsystem and a project delivery subsystem - result in non-linear interactions of project risks. Three kinds of the interactions are distinguished - internal risk amplifications stemming from long-term ('chronic') project system issues, knock-on interactions, and risk compounding. Affinities of interacting risks compose dynamic risk patterns supported by a project system. A methodology to factor the patterns into Monte Carlo modelling referred to as non-linear Monte Carlo schedule and cost risk analysis (N-SCRA) is developed and demonstrated. It is capable to forecast project outcomes with high accuracy even in the case of most complex and difficult projects including notorious projects-outliers: it has a much lower systematic error. The power of project system dynamics is uncovered. It can be adopted as an accurate risk quantification methodology in complex projects. Results produced by the system dynamics and the non-linear Monte Carlo methodologies are well-aligned. All built Monte Carlo and system dynamics models are available on the book's companion website.
Project Risk Analysis And Management Guide
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Author : John Bartlett
language : en
Publisher: APM Publishing Limited
Release Date : 2004
Project Risk Analysis And Management Guide written by John Bartlett and has been published by APM Publishing Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
The second edition of the Project Risk Analysis and Management Guide maintains the flavour of the original and the qualities that made the first edition so successful. The new edition includes: The latest practices and approaches to risk management in projects; Coverage of project risk in its broadest sense, as well as individual risk events; The use of risk management to address opportunities (uncertain events with a positive effect on the project's objectives); A comprehensive description of the tools and techniques required; New material on the human factors, organisational issues and the requirements of corporate governance; New chapters on the benefits and also behavioural issues
The Owner S Role In Project Risk Management
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2005-03-25
The Owner S Role In Project Risk Management written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-03-25 with Transportation categories.
Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors.
Identifying And Managing Project Risk
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Author : Tom Kendrick
language : en
Publisher: AMACOM
Release Date : 2009-02-27
Identifying And Managing Project Risk written by Tom Kendrick and has been published by AMACOM this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-27 with Business & Economics categories.
Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.
Managing Risks In Projects
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Author : K.A. Artto
language : en
Publisher: Routledge
Release Date : 2013-02-01
Managing Risks In Projects written by K.A. Artto and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Architecture categories.
Managing Risks in Projects presents the latest skills, techniques, knowledge and experience of managing risks in projects from the leading worldwide experts. Many different types of projects are addressed spanning development, software, re-engineering, engineering and construction.
Project Risk Management Handbook
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Author : Bart Jutte
language : en
Publisher: Xlibris Corporation
Release Date : 2012-01-13
Project Risk Management Handbook written by Bart Jutte and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-13 with Education categories.
Project Risk Management Handbook Managing project risks professionally can be a very profitable activity. The Project Risk Management Handbook learns you how to accomplish this in your project and organization. organization. You learn: • 12 smart methods to detect risks • The 3 basic responses to deal with risks and opportunities • The best methods to analyze risks • How to involve your entire team in the risk management effort Risk Tests The handbook contains a number of practical tests that help you to identify the weak spots in your project and company, and implement project risk management effectively. A selection of the tests: • How risky is your project? • What should you do to improve project risk management? • What has project risk management contributed to your project success? The Project Risk Management Handbook is the book about project risks that should be on the desk of each project manager.
Project And Program Risk Management
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Author : R. Max Wideman
language : en
Publisher:
Release Date : 1992
Project And Program Risk Management written by R. Max Wideman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Integration, general approach and definitions - Risk identification - Risk assessment goals and methodology - Computer applications - Risk response and documentation - Management of contingency allowances - Managing the risks of the project's environment - Dealing with risks in contracts.