Effective Risk Management (Library of Flight Series) [Hardcover]

CMC, CPCM, PMP E. Conrow (Author)

Book Description

Publication Date: July 1, 2003 | Series: Library of Flight Series

This important new text defines the steps to effective risk management and helps readers create a viable risk management process and implement it on their specific project. It will also allow them to better evaluate an existing risk management process, find some of the shortfalls, and develop and implement needed enhancements.

Editorial Reviews

Review

...must have resource for any large, complex program. -- Lawrence D. Pohlmann, Ph.D., Strategics Consulting

At last--a reference with all the practical tools...to perform the full range of risk management! -- Bill Bahnmaier, Colonel, USMC (Ret); former PM, Marine Corps Assault Amphibian Program and recent Professor, Defense Acquisition University

About the Author

Dr. Edmund H. Conrow is a risk management and project management consultant on hardware-intensive, software-intensive, and mixed projects, with life cycle dollar ranges from several million dollars to more than 100 billion dollars. He has developed risk management policy that is in widespread use across industry, government, and professional organizations, and has received numerous letters of commendation for his work. Dr. Conrow has served more than 20 times as a risk manager and mentor to risk managers where he was responsible on a daily basis for implementing and making risk management work on a wide variety of programs and proposals. His practice is focused on risk management, management strategy, cost as an independent variable, engineering design analysis, and technology assessment. He holds a B.S.N.E. and an M.S. in nuclear engineering; a M.Phil. in policy analysis; a Ph.D. in general engineering; and, a Ph.D. in policy analysis. Dr. Conrow is highly published in national journals and conferences, and his work has won awards at national conferences. He is a Certified Management Consultant (Institute of Management Consultants), a Certified Professional Consultant to Management (National Bureau of Certified Consultants), and a Project Management Professional (Project Management Institute).

Product Details

• Hardcover: 554 pages
• Publisher: AIAA; 2nd edition (July 1, 2003)
• Language: English
• ISBN-10: 1563475812
• ISBN-13: 978-1563475818
• Product Dimensions: 9.2 x 6.4 x 1.3 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,076,491 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

16 of 17 people found the following review helpful:

5.0 out of 5 stars Practical insteal of theoretical, May 4, 2002

By 

Mike Tarrani "www.tarrani.com" (Deltona, FL USA) - See all my reviews
(COMMUNITY FORUM 04)    (REAL NAME)   

This review is from: Effective Risk Management: Some Keys to Success (Hardcover)

This book is for risk management professionals, or those who work with risk management (project managers, IT security and business continuity professionals and engineers) who want or need to master advanced risk management techniques based on real world issues and factors. Although the book is focused on risk management from a DoD contracting perspective, the material is applicable to commercial organizations as well. The author provides an appendix that compare DoD contracting and commercial environments to ensure that this book has a wide appeal (A Comparison of Risk Management for Commercial and Defense Programs). Obviously if you work in the DoD contracting industry this book is going to be more applicable.

The book begins with an introduction that discusses risk management, why it's needed and what it is. I felt that this material was too basic for an advanced book, but the subsequent chapters quickly got to the heart of the subject by providing the details for an implementation life cycle of an effective risk management process that consists of:
(1) Implementation
(2) Planning
(3) Identification
(4) Analysis
(5) Managing risks
(6) Monitoring

What makes this book valuable for real world practitioners are the pragmatic advice for developing a risk management process that is based on the lessons learned by the author and best practices. In fact, there are over 250 such lessons learned. These alone make the book worthwhile for even the most experienced practitioner because there are sure to be many that you may not have considered. In addition to the best practices, the author provides pitfalls common to risk management and how to avoid them.

Another aspect of this book that adds value is the use of readily available tools, such as Microsoft Excel, and popular simulation software (CrystalBall) to reinforce the techniques that are described in the book. Overall this is one of the best books on risk management that I own because it goes into deep detail and coves advanced topics. It also is practical instead of theoretical, which sets it apart from most risk management books.