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Effective Opportunity Management For Projects: Exploiting Positive Risk [Kindle Edition]

David Hillson
5.0 out of 5 stars  See all reviews (2 customer reviews)

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  • Print ISBN-10: 0824757866
  • Print ISBN-13: 978-0824757861
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Book Description

With step-by-step guidelines, this book unveils a revolutionary approach to the management of project opportunities by expanding the traditional risk management process to address opportunities alongside threats. It offers valuable tools and techniques that expose and capture opportunities, minimize threats, and deal effectively with all types of uncertainty in your business and projects. The author answers questions and assists in the development of a structured framework for opportunity management; the identification, exploration, and capture of opportunities; overcoming weaknesses in the existing risk management process; and understanding key issues in opportunity management.

Product Details

  • File Size: 6194 KB
  • Print Length: 344 pages
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • Text-to-Speech: Enabled
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  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #1,204,943 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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2 of 2 people found the following review helpful
5.0 out of 5 stars Excellent project risk management book June 22, 2004
Format:Hardcover|Verified Purchase
Even today as of November 2011 in my 3rd edition of this review, I believe this book to be the very best available in risk management with everything you need for you project risk knowledge.

If you have listened to Dr Hillson in one of his lectures or presentations in a PMI Congress, you will be able to appreciate what to wait from the book. In my opinion, It is the best Project Risk Management book, which is one of my preferred knowledge areas, mostly due to the lack of attention by most of the project management community.

The book is well structured and complies very well with the current 4th edition of the PMBoK and the "Practice Standard for Project Risk Management" (in which design core Dr Hillson participated), going deep into the six risk processes. The risk identification chapter is packed with problem solving techniques, explained with accurate detail. I also enjoyed the qualitative assessment process chapter. The quantitative risk analysis chapter is devoted to the Monte Carlo simulation basics , but misses Decision Tree analysis. Dr. Hillson does well describing how to feed data into a simulation, given the results of the qualitative risk assessment, and interpreting the outputs of the simulation. However, John Shuyler "Risk and Decision Analysis in Projects" is more suited for quantitative risk analysis.

His exposition is perfectly clear, sometimes going into the subject over and over, so it is a great learning book suitable as a text book for Project Management masters or any postgraduate courses. Excellent as well for PMP and PMI-RMP candidates.

Don't be fouled by the title. The author goes into negative risks as well as opportunities.
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5.0 out of 5 stars Effective Opportunity Management for Projects January 9, 2009
Format:Hardcover|Verified Purchase
This is a well researched and a well written book. I particularly liked the approach the author uses in the chapters related to quantitative analysis and planning responses.I think, however, that the terminology used regarding opportunity as positive risk is somehow misleading. The author makes us aware of this issue,though.
A leading Oil company has been using risks and opportunities even before the 1990`s. So risks and opportunities are usually included in the Project Execution Plan (PEP) for all Major Projects. I highly recommend this book,I enjoyed reading it.

Jose Pulido, Senior Planning Engineer
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More About the Author

Dr David Hillson CMgr FRSA FIRM FCMI HonFAPM PMI-Fellow is The Risk Doctor (

As an international risk consultant, David is recognised as a leading thinker and expert practitioner in risk management. He consults, writes and speaks widely on the topic and he has made several innovative contributions to the field. David's motto is "Understand profoundly so you can explain simply", ensuring that his work represents both sound thinking and practical application.

David has over 25 years experience in risk consulting and he has worked in more than 40 countries, providing support to clients in every major industry sector, including construction, mining, telecommunications, pharmaceutical, financial services, transport, fast-moving consumer goods, energy, IT, defence and government. David's input includes strategic direction to organisations facing major risk challenges, as well as tactical advice on achieving value and competitive advantage from effectively managing risk.

David's contributions to the risk discipline over many years have been recognised by a range of awards, including "Risk Personality of the Year" in 2010-11. He received both the PMI Fellow award and the PMI Distinguished Contribution Award from the Project Management Institute (PMI®) for his work in developing risk management. He is also an Honorary Fellow of the UK Association for Project Management (APM), where he has contributed to the risk discipline over many years.

David Hillson is an active Fellow of the Institute of Risk Management (IRM), and he was elected a Fellow of the Royal Society of Arts (RSA) to contribute to its Risk Commission. He is also a Chartered Fellow of the Chartered Management Institute (CMI) and a Member of the Institute of Directors (IOD).


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