Solving For Project Risk Management Understanding The Critical Role Of Uncertainty In Project Management
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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.
Management Essentials For Civil Engineers
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Author : Cody A. Pennetti
language : en
Publisher: John Wiley & Sons
Release Date : 2024-08-22
Management Essentials For Civil Engineers written by Cody A. Pennetti 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 2024-08-22 with Technology & Engineering categories.
The Civil Engineer’s Guide to Effective Project Management A project’s success requires more than technical calculations and engineered designs. As this book details, effective management in civil engineering involves aligning operations with the broader context of stakeholder objectives. Management Essentials for Civil Engineers is a comprehensive resource designed to help civil engineers enhance their project management and business development skills. This text integrates engineering acumen with management principles, offering insights on business, communication, ethics, and risk analysis. Topics included in this book: Project Management Principles specifically tailored for civil engineers with content relevant to infrastructure and real estate projects. Leadership and Power Dynamics to understand and leverage various forms of power that support team objectives. Risk Management concepts to develop skills in anticipating, assessing, and responding effectively to project threats and opportunities. Contract Law and Liability covering the complexities of contractual frameworks, project delivery methods, and broader legal aspects. Effective Communication strategies to enhance interactions with diverse clients, project team members, and external stakeholders. Value Creation principles that consider cost management while ensuring meaningful value in the project deliverables. Systems Perspective viewing projects as integral components of broader operational frameworks, including program and portfolio management. Supplementing the content of each chapter is a narrative that threads through the core topics of this book, providing tangible context to theoretical constructs. This narrative approach facilitates the application of project management principles. Authored by three professionals with backgrounds in engineering, law, and business, this book combines insightful experiences with practical recommendations. The interdisciplinary approach underscores the book’s comprehensive nature, providing core frameworks directly applicable to real-world projects.
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.
Strategic Project Risk Appraisal And Management
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Author : Professor Elaine Harris
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2012-09-28
Strategic Project Risk Appraisal And Management written by Professor Elaine Harris 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.
Success in business depends on two broad management skills: 'doing the right thing' (choosing the right projects) and 'doing things right' (good project management). This book examines the challenges that managers face in assessing the likely risks and benefits that need to be taken into account when choosing projects. It then explores the strategic level risks that will need to be dealt with in managing those projects and suggests risk management strategies. In so doing, it makes a rare but important link between strategic level appraisal of project opportunities and project risk management. Many projects have similar characteristics that are common to a number of projects experienced by the same or other organizations. Elaine Harris shows how the use of a project typology can guide project risk management by identifying common risks shared by projects of each type. Her cutting edge research will help advanced project practitioners and researchers in projects and risk management to develop a risk management strategy that is better suited to the context of their projects and one that is flexible enough to develop and adapt once the project decision has been taken and the real-world of project management and delivery begins.
Managing Project Quality
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Author : Timothy J. Kloppenborg PhD
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2002-02-01
Managing Project Quality written by Timothy J. Kloppenborg PhD and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-02-01 with Business & Economics categories.
Make breakthroughs in project quality by combining project management with quality management - this books shows you how. Guiding you from project initiation through closure, the book provides a detailed stage-specific flowchart of activities correlated with appropriate tools to give you new power to meet customer expectations and institutionalize project quality.
The Engineer S Guide To Project Management
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Author : Mohammad Zaripour
language : en
Publisher: Library and Archives Canada
Release Date : 2024-09-02
The Engineer S Guide To Project Management written by Mohammad Zaripour and has been published by Library and Archives Canada this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-02 with Business & Economics categories.
In the fast-paced world of engineering, effective project management is crucial for success. “The Engineer’s Guide to Project Management: Practical Strategies for Success” is a valuable resource for engineers looking to improve their project management skills by combining technical knowledge with strategic planning and leadership. This comprehensive guide explores the close relationship between engineering and project management, offering a detailed framework for handling complex engineering projects from start to finish. Through practical strategies and actionable insights, this book helps engineers confidently tackle the challenges of project management, ensuring successful outcomes while maintaining high standards of quality and efficiency. The book begins by introducing the core principles of project management, specifically tailored for the engineering field. Readers learn about the project lifecycle, various methodologies, and the unique role of engineers as project managers. The focus then shifts to the critical phase of project planning, guiding engineers through defining project scope, developing detailed schedules, and managing resources efficiently. This careful planning is highlighted as the key to setting the stage for project success. Risk management, a vital part of any engineering project, is covered in depth, emphasizing proactive identification and mitigation of potential challenges. Engineers are provided with tools to assess risks, develop contingency plans, and navigate uncertainties to keep projects on track. Leadership and communication are highlighted as essential components for the success of engineering projects. The book discusses the qualities of effective leaders, the importance of clear and consistent communication, and strategies for fostering team collaboration and resolving conflicts. Strong leadership is presented as the driving force behind guiding engineering teams to achieve their goals. The financial aspects of project management are also thoroughly examined, with practical techniques for creating and managing project budgets. Engineers learn how to control costs, identify potential overruns, and maintain financial transparency throughout the project lifecycle. Quality management, a cornerstone of engineering excellence, is explored with a focus on integrating quality processes into project workflows. The book provides tools for monitoring quality and emphasizes the importance of continuous improvement to ensure that projects not only meet but exceed standards of excellence. As the project progresses, the book offers guidance on the execution phase, stressing the importance of adhering to project plans while allowing for necessary flexibility. Techniques for monitoring progress, managing changes, and staying aligned with project goals are covered in detail. In the final stages of the project lifecycle, the book provides a roadmap for completing deliverables, conducting post-project reviews, and capturing valuable lessons learned for future endeavors. The importance of recognizing project achievements and preparing teams for future challenges is also underscored. Looking ahead, the conclusion of the book offers insights into emerging trends and technologies that are shaping the future of engineering project management. Engineers are encouraged to embrace continuous learning and improvement, ensuring they remain at the forefront of their field. “The Engineer’s Guide to Project Management: Practical Strategies for Success” is more than just a manual; it is a comprehensive roadmap for engineers seeking to master the complexities of project management. Through real-world examples, practical tools, and actionable strategies, this book equips engineers with the knowledge and skills needed to lead successful projects, drive innovation, and achieve excellence in their careers. Whether you are an experienced engineer looking to refine your project management capabilities or a newcomer aiming to build a strong foundation, this book will be your trusted companion on the journey to project management mastery in the engineering world Here are 10 keywords for “The Engineer’s Guide to Project Management: Practical Strategies for Success”: Engineering / Project Management / Strategic Planning / Leadership / Risk Management / Quality Management / Resource Management / Budgeting / Team Collaboration / Continuous Improvement
Understanding And Managing Risk Attitude
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Author : Dr David Hillson
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2012-03-01
Understanding And Managing Risk Attitude written by Dr David Hillson 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 2012-03-01 with Business & Economics categories.
Despite many years of development, risk management remains problematic for the majority of organizations. One common challenge is the human dimension, in other words, the way people perceive risk and risk management. Risk management processes and techniques are operated by people, each of whom is a complex individual, influenced by many different factors. And the problem is compounded by the fact that most risk management involves people working in groups. This introduces further layers of complexity through relationships and group dynamics. David Hillson's and Ruth Murray-Webster's Understanding and Managing Risk Attitude will help you understand the human aspects of risk management and to manage proactively the influence of human behaviour on the risk process. The authors introduce a range of models, perspectives and examples to define and detail the range of possible risk attitudes; looking both at individuals and groups. Using leading-edge thinking on self-awareness and emotional literacy, they develop a powerful approach to address the most common shortfall in current risk management: the failure to manage the human aspects of the process. All this is presented in a practical and applied framework, rather than as a theoretical or academic treatise, based on the authors' shared experiences and expertise, rather than empirical research. Anyone involved in implementing risk management will benefit from this book, including risk practitioners, senior managers and directors responsible for corporate governance, project managers and their teams. It is also essential reading for HR professionals and others interested in organizational or behavioural psychology. This second edition is updated to strengthen the understanding of individual risk attitudes and reinforce what individuals can do to manage those risk attitudes that are leading them away from their objectives. For people who want to embrace this subject, the book highlights ways forward that are proven and practical.
Integrated Cost Schedule Risk Analysis
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Author : Dr David Hulett
language : en
Publisher: Gower Publishing, Ltd.
Release Date : 2012-09-28
Integrated Cost Schedule Risk Analysis written by Dr David Hulett 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.
Project managers tend to believe their cost estimates - whether they have exceeded budgets in the past or not. It is dangerous to accept the engineering cost estimates, which are often optimistic or unrealistic. Though cost estimates incorporate contingency reserves below-the-line, these estimates of reserves often do not benefit from a rigorous assessment of risk to project costs. Risks to cost come from multiple sources including uncertain project duration, which is often ignored in cost risk analyses. In short, experience shows that cost estimating on projects is rarely successful - cost overruns routinely occur. There are effective ways to estimate the impact on the cost of complex projects from project risks of all types, including traditional cost-type risks and the indirect but often substantial impact from risks usually thought of as affecting project schedules. Integrated cost-schedule risk anlaysis helps us determine how likely the project will go over budget with the current plan, how much contingency reserve is required to achieve a desired level of certainty, and which risks are most important so the project manager can mitigate them and achieve a better result. Integrated Cost-Schedule Risk Analysis provides solutions for these and other challenges. This book follows on from David Hulett's highly-praised Practical Schedule Risk Analysis. It focuses on the way that schedule risk can generate cost risk, and how to handle this relationship. It also applies the Risk Driver Method to the analysis so that you can clearly and transparently identify the key risks, rather than just the most risky cost line items. With detailed worked examples and over 70 illustrations, Integrated Cost-Schedule Risk Analysis offers the definitive guide to this critically important aspect of project management from surely the world's leading commentator.
Value And Risk Management
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Author : Michael F. Dallas
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
Value And Risk Management written by Michael F. Dallas 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 2008-04-15 with Technology & Engineering categories.
Published on behalf of the Chartered Institute of Building and endorsed by a range of construction industry institutes, this book explains the underlying concepts of value and risk, and how they relate to one another. It describes the different issues to be addressed in a variety of circumstances and at all stages of a project's life and reviews a number of commonly used and effective techniques, showing how these may be adapted to suit individuals' styles and circumstances. * Published on behalf of the Chartered Institute of Building with cross-industry institutional support * Combines value and risk management which are often considered, wrongly, in isolation * Makes a complicated subject accessible to a wide audience of construction practitioners * Features checklists and proformas to aid implementation of best practice * Author has extensive practical experience of the subject
Risk Analysis In Engineering
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Author : Mohammad Modarres
language : en
Publisher: CRC Press
Release Date : 2016-04-27
Risk Analysis In Engineering written by Mohammad Modarres and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-27 with Mathematics categories.
Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p