Strategic Project Risk Appraisal And Management

Author: Elaine Harris
Editor: Routledge
ISBN: 1351897586
Size: 19,25 MB
Format: PDF, ePub
Read: 583

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.

Advances In Project Management

Author: Darren Dalcher
Editor: Routledge
ISBN: 131718517X
Size: 14,35 MB
Format: PDF, ePub, Docs
Read: 864

On the evidence of the authors of Advances in Project Management: Narrated Journeys in Unchartered Territory, there is a sea change coming. That change will affect the way projects are perceived, lead and governed, particularly in the context of the wider organisation to which they belong; whether that is in the public, private or not-for-profit sectors. Many organisations have struggled to apply the traditional models of project management to their new projects in the global environment. Anecdotal and evidence-based research confirms that projects continue to fail at an alarming rate. A major part of the build-up to failure is often the lack of adequate project management knowledge and experience. Advances in Project Management covers key areas of improvement in understanding and project capability further up the management chain; amongst strategy and senior decision makers and amongst professional project and programme managers. This collection, drawn from some of the world’s leading practitioners and researchers and compiled by Professor Darren Dalcher of the National Centre for Project Management, provides those people and organisations who are involved with the developments in project management with the kind of structured information, new approaches and novel perspectives that will inform their thinking and their practice and improve their decisions.

The Fap Model And Its Application In The Appraisal Of Ict Projects

Author: F. Lefley
Editor: Springer
ISBN: 1137443529
Size: 16,36 MB
Format: PDF
Read: 478

Based on the 2005 publication The Financial Appraisal Profile Model , this book discusses how the FAP model can present an integrated process for the appraisal of financial and strategic benefits and the assessment of risk in ICT (Information Communication Technology) project proposals.

Ramp Risk Analysis And Management For Projects

Author: Institution of Civil Engineers (Great Britain)
Editor: Thomas Telford
ISBN: 9780727733900
Size: 10,74 MB
Format: PDF, Docs
Read: 375

This handbook shows how RAMP can enable one to identity, analyse and respond to risks, and place financial values on them. Allied with sound judgement, RAMP should reduce the chance of the resources committed to a project being wasted or the project being a failure. It should also lead to better financial returns for sponsors, investors and lenders, and help to improve the consequences of projects for the wider community. The handbook will be of use to everyone who is concerned with the financial, commercial, legal or engineering aspects of projects of any kind. This is the second edition of the handbook and it incorporates some significant changes, with more attention being devoted to upside risks, general uncertainty, risk efficiency, decision criteria, and the need for independent validation of appraisals. There is also new material about public sector procurement. A new Appendix 12 presents recent evidence about the serious and sometimes unrecognised risks in major infrastructure projects, both in the UK and abroad, and makes recommendations for changes in the way these risks are approached.

Appraisal Risk And Uncertainty

Author: Nigel J. Smith
Editor: Thomas Telford
ISBN: 9780727731852
Size: 14,31 MB
Format: PDF, Mobi
Read: 988

Projects need to achieve strategic goals and to that end must work in different levels of uncertainty. Engineers must be aware of methods to operate in ambiguous situations. This book offers one of the first integrated approaches to these three topics based on the views of experts in these disciplines.

Managing Agile

Author: Alan Moran
Editor: Springer
ISBN: 3319162624
Size: 19,10 MB
Format: PDF
Read: 505

This book examines agile approaches from a management perspective by focusing on matters of strategy, implementation, organization and people. It examines the turbulence of the marketplace and business environment in order to identify what role agile management has to play in coping with such change and uncertainty. Based on observations, personal experience and extensive research, it clearly identifies the fabric of the agile organization, helping managers to become agile leaders in an uncertain world. The book opens with a broad survey of agile strategies, comparing and contrasting some of the major methodologies selected on the basis of where they lie on a continuum of ceremony and formality, ranging from the minimalist technique-driven and software engineering focused XP, to the pragmatic product-project paradigm that is Scrum and its scaled counterpart SAFe®, to the comparatively project-centric DSDM. Subsequently, the core of the book focuses on DSDM, owing to the method’s comprehensive elaboration of program and project management practices. This work will chiefly be of interest to all those with decision-making authority within their organizations (e.g., senior managers, line managers, program, project and risk managers) and for whom topics such as strategy, finance, quality, governance and risk management constitute a daily aspect of their work. It will, however, also be of interest to those readers in advanced management or business administration courses (e.g., MBA, MSc), who wish to engage in the management of agile organizations and thus need to adapt their skills and knowledge accordingly.

Managing Project Risk And Uncertainty

Author: C. B. Chapman
Editor: John Wiley & Sons Inc
Size: 18,31 MB
Format: PDF, ePub, Docs
Read: 186

Rigorously grounded conceptually but developed to meet practical concerns, this book underpins and extends the scope and power of current approaches to the management of risk and uncertainty in projects and related operational and strategic management decision making. Ten tales, based on real cases, explore a range of project related problems, including: cost estimation, pricing competitive bids, risk allocation and incentive contract design, evaluation of threats and opportunities, buffer management in a supply chain, investment appraisal, portfolio management, and strategy formulation. Each tale provides practical guidance on achieving effective and efficient uncertainty management through simple analysis and discussion of emergent issues. Using a 'constructively simple' approach to model building and the associated decision support processes, the authors show the reader how to take the guesswork out of managing risk and uncertainty. Keeping formal analysis simple, without being simplistic, and adding complexity only when it facilitates additional insights, they provide a framework for 'constructive simplicity' which can be used to enhance risk and uncertainty management in any area of managerial decision making, whether in a project, operational, or strategic context. "This is not just another book about risk. Chapman and Ward focus on decision-making in a holistic way, based on the analysis of uncertainty. The concepts are illustrated by "ten tales about uncertainty management." These are short stories based on case studies in which the authors have been involved. They believe in KISS - not the usual definition but 'keep it simple systematically." --Professor Tony M. Ridley, Imperial College, London "Abundantly illustrated with case studies, this interesting book rightly highlights the need for simple, flexible models to manage risk and uncertainty. The author was associated with development of the PRAM model, which gives a rich variety of practical techniques for risk appraisal. The RAMP model provides a broad strategic framework, giving decision-makers an overall picture of the risks and rewards in a project. This book takes the discussion a stage further and provides many useful insights into the issues that arise in practice." --C G Lewin, Chairman, Risk Management Steering Group, Institute of Actuaries "This book presents a holistic and comprehensive approach to management decision making. Whilst the concepts are readily understood, they are used to provide a thorough background to the management of uncertainty. This is an invaluable book for anyone facing decision-making and uncertainty in either management or programme and project environments." --Alan R Walker, Cabinet Office, Improving Programme and Project Delivery team "Chris Chapman and Stephen Ward, through their constructively simple approach, and using Ockham's razor, show how simple models can be constructed that capture the essentials of any business and project scenario. By interpreting the problems as short stories, they are brought to life, showing that the decision is not just based on the quantitative and qualitative analysis of the risk, but also on the human condition, people's motivations, right down to whether they like the cup of tea." --Rodney Turner, Director of Erasmus University, Rotterdam, and Director of EuroProjex "In this well written book the reader is drawn from simple to advanced concepts of risk management by stories that reflect situations we all recognize. Chapman and Ward continually test the robustness of their conclusions by exercising the assumptions against reality and common sense, and they remind us about the importance of understanding the quality of the data being used. By the end of the book, the reader will have experienced a rather concentrated journey through many sophisticated analytical concepts and have shared in exercises in mature professional judgement. This book will well reward careful study by beginners and practitioners alike." --David T. Hulett Ph.D., Hulett & Associates LLC, Project Management Consultants "Many organizations, particularly in hi-tech businesses, are organized around a changing portfolio of projects. These can only be managed properly if there is a proper understanding of project risks and uncertainties and, sadly, this is an area in which there is considerable room for improvement. Chapman and Ward's book has a pleasing blend of quantitative and qualitative insights and will help train a generation of managers who are better equipped to manage successful projects." --Mike Pidd, Professor of Management Science, Lancaster University

Managing Risk

Author: Nigel J. Smith
Editor: John Wiley & Sons
ISBN: 1405172746
Size: 12,50 MB
Format: PDF, ePub, Mobi
Read: 733

Written by a group of academics and practitioners, this guide isfor construction practitioners having to manage real projects. Itshows how the risk management process improves decision making inconditions of uncertainty. This new edition includes the input of the Turnbull report, as wellas to introduce the concept of corporate, strategic business, andproject level risk. The authors cover: * a description of risk management and decision making in thecontext of a construction project * the human dimension * tools and techniques available to the risk analyst * the problems of procurement and finance * the practical application of risk analysis, including theprinciples of risk modelling and simulation, together wit casestudies. A thorough understanding of these concepts will provide the projectmanager with the basis for effective decision making. From the reviews of the first edition: 'This book should be compulsory reading for all concerned with themanagement of risk in construction - whether academics orpractitioners.' Chartered Surveyor Monthly 'A valuable addition to the literature ... which helps condense,simplify and provide practical advice on how to implement riskmanagement on construction projects.'

Engineering Construction Risks

Author: Peter Allan Thompson
Editor: Thomas Telford
ISBN: 9780727716651
Size: 19,58 MB
Format: PDF, Mobi
Read: 232

Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy...

Actionable Strategies Through Integrated Performance Process Project And Risk Management

Author: Stephen S. Bonham
Editor: Artech House
ISBN: 1596931205
Size: 12,28 MB
Format: PDF, ePub
Read: 241

Strategic management of an organization's activities can be quite complex. Combine this with the overwhelming speed in which golbal markets are changing and sustainable competitive advantage can seem insurmountable. This unique resource presents a new look at how the puzzle pieces of corporate dynamics management can fit together to ensure strategic designs are actionable.