Risk is a future phenomenon. As part of our eternal quest to control some small component of our future, it is the focus of many business discussions, thus making it an essential part of decision making. The challenge comes in creating a degree of consistency in managing risk and the risk process.
In his fourth edition of Risk Management: Concepts and Guidance, Carl L. Pritchard, PMP, again addresses this challenge expertly. This comprehensive edition views risk in light of current information, while remaining grounded in the history of risk practice. Updated to reflect the Project Management Institute, Inc.’s PMBOK® Guide, Fourth Edition, this edition emphasizes greater clarity on risk practice from a pragmatic perspective.
Risk Management uses a holistic approach, examining risk as a blend of environmental, programmatic, and situational concerns. It is an encyclopedia of risk management tools, practices, and protocols. The book’s 35 tool-packed chapters cover the latest perspectives, focusing on a systematic approach to risk management. The author highlights specific techniques to enhance organizational risk identification, assessment, and management, all within the project and program environments. The book is a must-have project management tool for gaining a higher-level perspective on risk management and enhancing organizational risk identification, assessment, and management.
Preface
About The Author
About ESI International
Introduction
Risk Processes and Practices—Why Risk Management?
Risk Management Practices
Risk Concepts
The Risk Management Structure
Risk Management Techniques
Expert Interviews
Planning Meetings
Risk Practice Methodology
Documentation Reviews
Analogy Comparisons
Plan Evaluation
Delphi Technique
Brainstorming
Crawford Slip Method (CSM)
SWOT Analysis
Checklists
Risk Breakdown Structure
Root Cause Identification and Analysis
Risk Registers/Tables
Project Templates
Assumptions Analysis
Decision Analysis–Expected Monetary Value
Estimating Relationships
Network Analysis (Excluding PERT)
PERT
Other Diagramming Techniques
Rating Schemes
Urgency Assessment
Data Quality Assessment
Risk Modeling
Sensitivity Analysis
Monte Carlo Simulations
Risk Factors
Risk Response Matrix
Performance Tracking and Technical Performance Measurement
Risk Reviews and Audits
Other Common Techniques
Contractor Risk Management
An Abbreviated List of Risk Sources
Basic Probability Concepts
Quantifying Expert Judgment
Special Notes on Software Risk
Glossary
Bibliography
Index