Risk Management: Concepts and Guidance, 3rd edition Review

Average Reviews:

(More customer reviews)If you intend to take the PMI-RMP exam, I recommend this book as a central part of your preparations.The book deals with the process of Risk Management (Planning, Identification, Qualitative Analysis, Quantitative Analysis, Risk Response Planning, and Monitor and Control of risk.It also provides they type of overview of the risk tools that you will find helpful on the exam.It was one of the study tools that I used to help me pass the RMP exam.

Click Here to see more reviews about: Risk Management: Concepts and Guidance, 3rd edition

Product Description:
Gain a higher-level perspective on risk management. This third edition contains 35 tool-packed chapters focusing on a systematic approach to risk management. It highlights specific techniques to enhance organizational rish identification, assessment and management.

Want to read more honest consumer review about Risk Management: Concepts and Guidance, 3rd edition now ?

Risk Management in Project Organisations Review

Average Reviews:

(More customer reviews)This is a very straightforward book, that addresses project risk management from a very practical point of view. The book is short but clear and provides a very good synthesis of this important subject. Easy to read and understand.

Click Here to see more reviews about: Risk Management in Project Organisations

Want to read more honest consumer review about Risk Management in Project Organisations now ?

Coping with IS/IT Risk Management: The Recipes of Experienced Project Managers (Practitioner Series) Review

Average Reviews:

(More customer reviews)This is probably one of the most unique books on IT project risk management in that it doesn't go into the process and techniques of risk management, but in the common risks and how to deal with them.
Don't expect qualitative or quantitative risk assessment methods, or even a risk management process that is almost an obligatory part of most project management books.Do expect the collective wisdom of real people who were interviewed, and their recommendations for dealing with the 'real risks'.
These risks range from misaligned or unwarranted expectations to slippery requirements.If you've managed an IT project many of the risks will be familiar.How the PMs who were interviewed handled them will be illuminating.
Aside from the fact that this is a highly readable book that is packed with wisdom and advice, the appendices also add a considerable value.Appendix 1 cross references the risks (constructs) by theme making it easy to quickly find the solution to a particular issue. Appendix 2 gives 5 hypothetical project profiles that reinforce the information in the body of the book, and Appendix 3 is a collection of strategies from the body of the book.
Regardless of whether you are preparing to manage your first project or are seasoned and battle-scared, this book provides knowledge and advice that you can use.

Click Here to see more reviews about: Coping with IS/IT Risk Management: The Recipes of Experienced Project Managers (Practitioner Series)

Product Description:
This is a book in which successful, experienced IT solutions providers talk about their actual practical experiences in IT risk management. Tony Moynihan has asked successful IS/IT project managers to compare and contrast their recent projects in terms of the various important and different factors they had to deal with in each project. Coping with IS/IT Risk Management discusses how to:* handle unrealistic client expectations* decide on the 'ownership' of a project* set targets that work in practice.The result is a very well-written, interesting book, which will be enormously helpful to any professional needing to cope with the many and varied problems which can be encountered in IS/IT risk management.
About the Author: Tony Moynihan is a Professor at the School of Computer Applications at Dublin City University, researching in the field of software engineering and software project risk-analysis.

Want to read more honest consumer review about Coping with IS/IT Risk Management: The Recipes of Experienced Project Managers (Practitioner Series) now ?

Project Risk Management: A Proactive Approach (Project Management Essential Library) Review

Average Reviews:

(More customer reviews)The book order was in excellent condition and came on time.

Click Here to see more reviews about: Project Risk Management: A Proactive Approach (Project Management Essential Library)

Product Description:
You don't need sophisticated statistical analysis or software to improve the probability of project success. This book offers a proactive project management process for managing project risk from project initiation through planning, execution, control and closure. In addition, you'll apply a new technique for program risk auditing that lets you explore risk in multiple related projects. You'll learn how to uncover hidden risk during the planning phase and how to track and manage it throughout the project. You'll also learn to enhance project value by building a risk management repository to support ongoing knowledge transfer.

Get 10% OFF

Want to read more honest consumer review about Project Risk Management: A Proactive Approach (Project Management Essential Library) now ?

Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management Review

Average Reviews:

(More customer reviews)In his new book, Actionable Strategies . . ., Stephen Bonham has filled a void that has been missing in the literature of management.Namely, Mr. Bonham draws linkages between the many disparate approaches to performance, process, project, and risk management, and he provides insights into how these various management approaches inter-relate to each other.Mr. Bonham's cataloging and description of the many approaches to performance, process, project, and risk management is a useful reference.He supplements that information with his even more valuable knowledge of methods to integrate approaches to the various facets of strategic management, and how to ensure that strategies become actions that can be measured for performance, effectiveness, risk, and value.Mr. Bonham's book is a "must read" for any manager who is looking to develop business strategies that can be implemented and measured for success.

Click Here to see more reviews about: Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management

Product Description:
Strategic management of an organization's activities can be quite complex. Combine this with the overwhelming speed in which global markets are changing and sustainable competitive advantage is a goal that 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. Written by a recognized industry expert, this practical book shows professionals how to:
--Integrate such strategic process management approaches as Six Sigma, Kaizen, ITIL, GSCF, and Critical Chain to support your Basel II, HIPAA, SarbOx or Turnbull operational risk compliance efforts.
--Leverage such modern strategic design approaches as value innovation, real options analysis, game theory, Hoshin Kanri and shape-adapt analysis to architect such automated performance management technologies as those provided by business intelligence engines, data warehouses, service oriented architectures (SOAs) and enterprise application integration (EAI) platforms.
--Build on the enterprise project portfolio management best practices offered by the British Office of Government Commerce (OGC) and the Project Management Institute (PMI) to support such performance measurement frameworks as the Balanced Scorecard, the Performance Pyramid, ENAPS and the Performance Prism.
--Use such new tools as a virtual strategic management office, an enterprise execution maturity model and an integrated activity management roll-out approach to accommodate organizations of all sizes.
--Use simple processes, common structures, and open-book organizational support approaches to effectively link performance management, process management, project portfolio management and risk management objectives.

Get 20% OFF

Want to read more honest consumer review about Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management now ?

Managing Information Technology Projects: Applying Project Management Strategies to Software, Hardware, and Integration Initiatives Review

Average Reviews:

(More customer reviews)The book was in excellent condition. It has a good overview on the subject. It touches on most activities/tasks required, however, it lacks specific and detailed examples to demonstrate the concepts.

Click Here to see more reviews about: Managing Information Technology Projects: Applying Project Management Strategies to Software, Hardware, and Integration Initiatives

Product Description:
With software and hardware development techniques improving constantly, it's surprising to learn that more than half of all technology projects overrun their schedules and budgets by 200 percent or more. Computerworld magazine recently reported several surveys showing that project failure is overwhelmingly traceable to poorly defined project organization, a lack of training, weak executive support, inconsistent methods and policies, and other readily addressed factors.
Managing Information Technology Projects gives systems project managers field-proven tools and step-by-step methodologies to start and complete every project -- hardware, software, or integration -- within prescribed parameters. Coverage includes:
* Organizing information technology project teams and developing project plans* Risk management issues for IT projects* Systems engineering* Customer requirements and service* Project monitoring, control, closeout, and assessment

Get 20% OFF

Want to read more honest consumer review about Managing Information Technology Projects: Applying Project Management Strategies to Software, Hardware, and Integration Initiatives now ?

The CRM Project Management Handbook: Building Realistic Expectations and Managing Risk Review

Average Reviews:

(More customer reviews)As a CRM consultant, the first 35 pages of the book alone made it worth the purchase price.
The author takes a very pragmatic approach to the realities of CRM and cuts through a lot of the BS that's out there right now.He makes an honest assessment of the reasons that CRM has often failed, and helps the reader avoid the traps that others have fallen into.
It's not a book about technical implementation, or a how-to book with lots of checklists.Rather, it is a book that will help you: build your business case for CRM (and/or decide that if CRM is even something your company should pursue); understand and avoid the most common risks; set realistic goals for projects; and take a tactical approach (i.e. short projects with measurable goals) to CRM.
A good read for anyone involved with implementing CRM.I'll be recommending it to clients as a must read and reference book for project managers, project sponsors, consultants and vendors who are working on CRM projects.
Now all we need is a very short book that explains CRM to the masses in simple terms - something I can give to the executives and "beginners" that I work with.

Click Here to see more reviews about: The CRM Project Management Handbook: Building Realistic Expectations and Managing Risk

Product Description:
Once you have bought into the concept of customer relationship management (CRM), how do you separate the practical and useful from the pie-in-the-sky to plan, scope and implement a project that delivers tangible results? With CRM project failure rates running as high as 80 per cent, anyone unable to answer this question stands every chance of becoming yet another accident statistic.
Gentle stresses a back-to-basics approach that favors tactical rather than strategic CRM. He identifies the common stumbling blocks that threaten all CRM projects, regardless of vendor, product or technology, and proposes practical solutions to get round them; highlights critical success factors and risk factors, and features a range of case studies (both successes and failures) and a 40-question risk analysis.
Subjects covered include: Whether you should even be launching a project; Building a realistic foundation for CRM; Establishing a realistic budget; Ensuring commitment from both management and users; Coping with organizational change and company politics; Managing international CRM projects while recognizing local realities.

Get 27% OFF

Want to read more honest consumer review about The CRM Project Management Handbook: Building Realistic Expectations and Managing Risk now ?

Project Decisions: The Art and Science Review

Average Reviews:

(More customer reviews)The main problem with many decision analysis books is that they are too academic and are intended for people with some operations research and management science background. "Project Decisions" is written for much broader audience.There is very little math in this book. Instead, the book is full of real-life project examples (e.g., NASA's X-33 single stage to orbit launch system and New Horizon mission to Pluto, ITER thermonuclear reactor, Toyota Prius hybrid car, new Bay bridge design and construction in San Francisco) and stories based on popular movies (e.g., Home Alone, Ocean's 11, Armageddon). As an interesting and entertaining introduction to the whole topic, the book starts off with a simple judgment test to help you assess you decision making skills.

"Project Decisions: The Art and Science" is not an ordinary decision analysis book. It is a book for project managers who don't use decision analysis because they are unaware of decision analysis techniques and tools. Each part of the book describes a phase of the decision analysis process: decision framing, modeling, quantitative decision analysis, implementation monitoring and reviews.

The book pays significant attention to risk management and risk analysis tools and techniques. Both quantitative and qualitative risk analysis techniques are described. The book includes separate chapters on sensitivity analysis, decision tree and value of information analysis, Monte Carlo simulations, and Event chain methodology.

One of the most important and often overlooked areas of project management is related to psychology or judgment and decision-making. The authors introduce the basic principles of behavioral branch of the decision analysis theory. They dedicate separate chapters to decision-making in groups, reviews and evaluation of decisions, multi-criteria decision-making and other important aspects of decision analysis.

Click Here to see more reviews about: Project Decisions: The Art and Science

Product Description:
Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process. Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process. This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making.
Readers will be able to:
-Understand psychological pitfalls related to project management
-Establish a creative business environment in their organization
-Identify project risks and uncertainties
-Develop estimates of project time and cost based on an understanding of human psychology
-Perform basic quantitative and qualitative risk and decision analysis
-Use event chain methodology in managing projects
-Communicate the results of decision analysis to decision-makers
-Review project decisions and perform adaptive project management
-Establish a project decision analysis process in their organization

PLUS Test your own judgment through a quiz that examines your intuition!

Want to read more honest consumer review about Project Decisions: The Art and Science now ?

Project Management Using Earned Value Review

Average Reviews:

(More customer reviews)A possible rip off and a disgusting waste of paper.Look - the book has value for sure - but it should be distributed electronically.If you buy this in the paper form (the only type available at the time) you will be sent something set out in some 1980's type face (12 point) with page after page of screen shots from what looks like a powerpoint presentation printed on about 3lb of GLOSSY paper.Wake up guys - if you make it in electronic form, we'd be happy to buy it in that form.GO GREEN.The content is acceptable for a book forced on me by a lecturer's choice but... NOT HAPPY GARY!

Click Here to see more reviews about: Project Management Using Earned Value

Want to read more honest consumer review about Project Management Using Earned Value now ?

Project Management Success with CMMI(R): Seven CMMI Process Areas Review

Average Reviews:

(More customer reviews)OK,I have purchased 2 books by James Persse on CMM and CMMI.

The first book I bought was "Implementing the Capability Maturity Model"
The second was this one... "Project Management success with CMMI"

I woud like to compare and contrast these 2 books...

Just to start off, my company had no previous CMM experience, and informal project management.

The first book was quite hard work and heavy going. My company is quite small (<50 staff) and I found getting started on CMM to be quite difficult with this book. I found it almost impossible to translate the concepts in this book into actionable tasks in my company.

In contrast, I've had much more success with the second book, and I believe that I have now got CMMI well implemented at Level 3 based on the information in this book.

The book is quite well written, and has a chapter on each of the process areas (as you might expect). However, much more importantly, it has a list of action points for each of the process areas... Without telling you exactly what to do, it gives a good idea of the concepts and objectives of what you should be looking for. I have found this much more practical.

The book is also well organised so that you can focus on any of the process areas, just by starting at that chapter - There's no need to read the whole book before you can start. This again is crucially important, because in my organisation it's necessary to see some quick results, without having to spend months formalising and documenting processes.

This means you can focus on weak areas in your companies project management process, without having to implement every process area from day 1. By example we have focussed on "Measurement and Analaysis" and achieved some "quick wins" by implementing this process in our current development team. This might not be pure CMMI, but it's more practical for smaller companies which don't have the resource to spend months and months on preparation and formalisation.

In summary then, you can use this book to implement some or all of the CMMMI process areas, and you can do this without getting bogged down with CMMI theory!

Click Here to see more reviews about: Project Management Success with CMMI(R): Seven CMMI Process Areas

Product Description:

Use CMMI to Improve Project Management Efficiency, Effectiveness, and AccountabilityThe Capability Maturity Model Integration (CMMI) Maturity Level 2 offers powerful, end-to-end tools for improvement throughout your organization. In Project Management Success with CMMI®, James Persse demonstrates exactly how to apply CMMI Level 2 to virtually any project, program, or process. User friendly, concise, and easy to follow, this book helps you implement all seven CMMI Level 2 process areas; customize CMMI for your unique projects and organization; and achieve powerful, quantifiable results.The author takes a practical approach to the business and operational needs of project management, carefully linking the realities of business and technical projects with CMMI recommendations. Drawing on his unsurpassed CMMI field experience, Persse presents case studies, anecdotes, and examples-all designed to illuminate what works and what doesn't.Persse introduces the substance and intention of all seven CMMI Level 2 process areas. For each area, he shows how to define goals, implement best practices, understand issues of sizing and scope, and avoid pitfalls and misinterpretations. He is also the first to explain how CMMI can integrate with the tools and skills of the Project Management Institute's Project Management Body of Knowledge, improving the effectiveness of both. Coverage includes

Understanding project management as value management
Planning projects and structuring expectations
Monitoring and controlling projects
Managing requirements, configurations, and supplier agreements
Implementing effective measurement and analysis
Assuring process and product quality

Project Management Success with CMMI® is an invaluable resource for anyone responsible for managing projects, programs, or processes-including those who are new to CMMI and project management. The book's companion Web site (www.prenhallprofessional.com/title/0132333058) contains an extensive library of downloadable CMMI project management resources corresponding to each of the seven CMMI process areas.

Get 15% OFF

Want to read more honest consumer review about Project Management Success with CMMI(R): Seven CMMI Process Areas now ?

Getting Results from Software Development Teams Review

Average Reviews:

(More customer reviews)This book is a guide for current and aspiring software project managers who would like to bring more determinism into their projects. Peters shows many statistics early on about the vital role of the project manager on the success of projects, and my own experiences agree with those. A good manager can help a mediocre team succeed; a mediocre manager will lead even a great team to failure.

There is fairly deep treatment of a variety of planning styles, project lifecycle models, and even information about how to best motivate your team. I particularly enjoyed the ties between what motivates people (like early involvement with planning and release date specification) and how that is an aspect of a variety of different planning frameworks. He also does a great job of providing specific examples of how to let the team, company, and situation help define the right process, rather than always doing exactly the same thing.

The only thing I didn't enjoy as much was the treatment of some of the more in-depth planning models. It felt like there was a lot of detail, but I still didn't come away with a good idea of where to get started with them if I wanted to use them immediately. A summary section at the end of each presentation with pointers to good "how to do it" books and tools (as opposed to the existing references to the definitions of them) would help. Also, some of the relative terms like small, medium, and large projects that he used to help with decision-making could use some clarification. After years of working at Microsoft, I still consider anything under a quarter million lines of code small, and it takes about 20 million to make a large project. I don't know how those numbers relate to his breakdowns.

Click Here to see more reviews about: Getting Results from Software Development Teams

Product Description:
Learn best practices for software development project management and lead your teams and projects to success. Dr. Lawrence Peters is an industry-recognized expert with decades of experience conducting research and leading real-world software projects. Beyond getting the best developers, equipment, budget, and timeline possible Peters concludes that no factor is more critical to project success than the manager s role. Drawing on proven practices from allied industries such as business, psychology, accounting, and law, he describes a broader project-management methodology with principles that software managers can readily adapt to help increase their own effectiveness and the productivity of their teams. Unlike other books on the topic, this book focuses squarely on the manager and shows how to get results without adopting philosophies from Genghis Khan or Machiavelli. (There is mention of Godzilla, however.) Packed with real-world examples and pragmatic advice, this book shows any software development manager new or experienced how to lead teams in delivering the right results for their business.

Get 34% OFF

Want to read more honest consumer review about Getting Results from Software Development Teams now ?

Risk and Decision Analysis in Projects (Cases in project and program management series) Review

Average Reviews:

(More customer reviews)Comprehensive and well-written treatment of a difficult subject. The book is aimed at project managers but readers who have college-level math and/or project experience in business can learn from this book. As a project manager, I learned where my skills were weak and needed strengthening, amoung other things. More importantly, I picked up techniques and methods to use on the job.
One short-coming of the book is the dearth of references. One would expect many more references for such an multidimensional subject.

Click Here to see more reviews about: Risk and Decision Analysis in Projects (Cases in project and program management series)

Product Description:
Is there anything more important to the success of aproject than making good decisions? This skill is certainly at or nearthe top of the list. Yet, few of us have had formal training indecision making. Decision analysis is the discipline that helps peoplechoose wisely under conditions of uncertainty. This book introducesrisk and decision analysis applied to project management. Probabilityis the language of uncertainty. Fortunately, a few basic concepts inprobability and statistics go a long way toward making betterdecisions. The evaluation calculations are straightforward, and manyeveryday problems can be solved with a handheld calculator. Schuyleralso explains and demystifies key concepts and techniques, includingexpected value, optimal decision policy, decision trees, the value ofinformation, Monte Carlo simulation, probabilistic techniques,modeling techniques, judgments and biases, utility and multi-criteriadecisions, and stochastic variance.
Some of Schuyler's tried-and-true tips include:
-The single-point estimate is almost always wrong, so that it is always better to express judgments as ranges. A probability distribution completely expresses someone's judgment about the likelihood of values within the range.
-We often need a single-value cost or other assessment, and the expected value (mean) of the distribution is the only unbiased predictor. Expected value is the probability-weighted average, and this statistical idea is the cornerstone of decision analysis.
-Some decisions are easy, perhaps aided by quick decision tree calculations on the back of an envelope. Decision dilemmas typically involve risky outcomes, many factors, and the best alternatives having comparable value. We only need analysis sufficient to confidently identify the best alternative. As soon as you know what to do, stop the analysis!
-Be alert to ways to beneficially change project risks. We can often eliminate, avoid, transfer, or mitigate threats in some way. Get to know the people who make their living helping managers sidestep risk. They include insurance agents, partners, turnkey contractors, accountants, trainers, and safety personnel.

Get 45% OFF

Want to read more honest consumer review about Risk and Decision Analysis in Projects (Cases in project and program management series) now ?

Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves Review

Average Reviews:

(More customer reviews)Managing the Black Hole: The Executive's Guide to Software Project Risk
Many of us in the software business have developed careful estimates for software projects only to be told by management to "cut it by 1/3" - this book explores how to overcome this all too common challenge. Dan Galorath has done a great job of explaining the SCIENCE of software cost estimating. This book is a must read for anyone serious about software project success!

Click Here to see more reviews about: Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves

Product Description:
To achieve consistent software project success under the pressures of today's software development environment, software organizations require achievable plans including viable estimates of schedule, resources, and risks.To estimate realistically, you must understand how to apply sound estimation processes, tools, and data.

Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves is a practical, hands-on discussion of the software estimation, planning, and control process.This includes critical factors that impact estimates, methods for selecting and applying appropriate measures to projects, proper software sizing, and processes to identify and manage risk. The authors use their expertise in sizing, estimation, process engineering, and risk management to clearly demonstrate problems that make many estimates crumble and solutions that provide successful project plans. The book offers insight not available anywhere else, enabling you to recognize and avoid downstream impacts resulting from poor estimates.

Want to read more honest consumer review about Software Sizing, Estimation, and Risk Management: When Performance is Measured Performance Improves now ?

Project Risk Management: Processes, Techniques and Insights Review

Average Reviews:

(More customer reviews)This is the most comprehensive treatment of project risk management processes I have read.The focus is on the process itself, using techniques to illustrate the advice and insights that are heavily interspersed throughout.Because techniques are used to reinforce the information on process and insights this book is better suited for readers who have a good understanding of risk management techniques.
Another feature is the risk management processes provided can be used for either project or product management because of the fine granularity of the project life cycle used - instead of the typical 6-stage Requirements, Design, Build, Test, Implement and Operate stages the authors use an 8-stage project life cycle that begins with conception and includes post-planning allocation and post-delivery review milestones.Moreover, the typical risk management cycle of Identify, Analyze and Quantify, Prioritize and Manage is expanded into a much more detailed cycle that includes focusing, clarifying ownership issues, and scenario analysis.In particular, the scenario analysis sub process is an excellent approach and allows you to go well beyond the typical expected monetary value and probability x impact types of analyses.
The authors assume that you have a good grounding in both probability and fundamental quantitative analysis techniques, and while both probability and a variety of techniques are used as examples they are only superficially explained.The best part of the book, though, is the large number of insights imparted through cases and real-life situations.These are thought-provoking, but require careful reading (especially for American readers who may not be used to the norms of the British vernacular).
If you are interested in a mature project or product risk management process and have some background in risk management this is a five-star book that absolutely should be in your library.

Click Here to see more reviews about: Project Risk Management: Processes, Techniques and Insights

Product Description:
"When first published in 1997, Chris Chapman and Stephen Ward's Project Risk Management instantly became a classic in the field, bringing risk management in a systematic manner into the mainstream for the management of projects. Their second edition of this seminal work is a tour de force - a comprehensive, lucid, and highly readable guide to one of the thorniest aspects of managing projects. Their book is a combination of leading edge scholarship coupled with strong, practical advice for project managers. I found useful insights on nearly every page."
-Jeffrey K. Pinto, Ph.D. Breene Professor of Management, Penn State University
"Chris Chapman and Stephen Ward are our two leading scholars in project based uncertainty management. This second edition confirms their importance to the field."
-Peter W G Morris, Professor of Project Management, University College London; Executive Director, INDECO

Want to read more honest consumer review about Project Risk Management: Processes, Techniques and Insights now ?

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project Review

Average Reviews:

(More customer reviews)This volume may be the best one I have ever read on the subject of risk in the project arena.Kendrick has captured the best of current practical thinking on project risk and how to identify and manage it.And the author has carefully linked theory and practice to the Project Management Institute's "Project Mangement Body of Knowledge."In addition this book is exceedingly well written and very readable (a rarity in this genre).
Kendrick approaches risk identification from the perspective of the project manager in the areas of scope (project deliverables and product), resources (people, materials, and money), and schedule (time).He addresses each area in a separate chapter with practical advice on how to identify and document potential risks.An aspect of these three chapters I particularly appreciate is the depth of information that allows the reader to address each area of risk at different levels.Kendrick does this by providing an array of analytical tools.For example in Chapter 4, "Identifying Project Schedule Risks," the reader could use the list of common schedule risks and probably account for 80% of the schedule risks for their project, or move to a deeper analysis of risks associated with delays, dependencies, and errors in estimation.In the area of estimation the reader is presented with an array of estimating techniques that can be used as appropriate to detect potential risks in estimation.
Chapter sevenon "Quantifying and Analyzing Activity Risk" appears just in time.After reading the first six chapters the reader may throw up their hands and declare "I can't manage all of this!"As an experienced project manager, Kendrick gives us tools to help select the risks to manage.All potential risks on a project are not manageable or worth the time and effort to manage.This chapter gives sage advice on how to select the vital few.
A key element in Kendrick's approach is distinguishing what he calls "activity risk" from "project risk."It is easy for the project manager to focus on risks associated with various activities and forget the larger picture.In fact there may be times when the risks associated with each activity seem minor but when the project is viewed as a whole the project is very risky.Kendrick provides tools for quantifying and analyzing risk at the project level as well as a chapter on managing project level risk.
I end this review with three overall comments.First, pages 17-24 should be required reading for all senior managers and anyone who sponsors a project and there should be a test at the end.The biggest risk for too many projects is unknowing, unthinking, or uncaring managers who are driven by near term profits and stock prices.Second, readers should not be put off by Kendrick's inclusion of statistical and mathematical information.Such information comprises less than 5% of this book and it would be a shame to miss the other 95% due to a fear and loathing of numbers.Finally, if you can't find any other reason to read this gem, read it for the intriguing history of the building of the Panama Canal.If Kendrick ever decides to stop managing projects, he has a bright future as a writer of interesting history.

Click Here to see more reviews about: Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Product Description:
There's a good reason project risk management is one of the most vital of the nine content areas of the Project Management Body of Knowledge (TM). Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. It's no wonder that project managers are increasingly focusing their attention on risk identification.
Identifying and Managing Project Risk is a practical guide to minimizing the possibility of failure in critical projects. The book takes readers step by step through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Relevant figures and diagrams support the text and illustrate key scenarios. At the end of each chapter is an analysis of how the principles just discussed applied to a supreme example of what many once considered a truly impossible project: the building of the Panama Canal.
Packed with real-world information, this book is essential reading for any project manager seeking to complete projects smoothly and successfully.--This text refers to an alternate Hardcover edition.

Get 34% OFF

Want to read more honest consumer review about Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project now ?