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Managing Project Risk and Uncertainty
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Editorial Reviews
Product Description
This title confidently puts forward a practical, new approach to decision making in an uncertain business world.
Many variables are accounted for and the authors are innovative in integrating previous types of decision-making approaches with a more fluid, and therefore realistic model that can be applied across a wide range of contexts and decisions.
A new title on a important topic that not only stands well on its own, but also complements Chapman and Ward's previous title Project Risk Management. This book is practical and rigorous yet written in an engaging way.
It is perfect for courses, or to be used by practitioners.
Download Description
"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.
See all Editorial Reviews
This title confidently puts forward a practical, new approach to decision making in an uncertain business world.
Many variables are accounted for and the authors are innovative in integrating previous types of decision-making approaches with a more fluid, and therefore realistic model that can be applied across a wide range of contexts and decisions.
A new title on a important topic that not only stands well on its own, but also complements Chapman and Ward's previous title Project Risk Management. This book is practical and rigorous yet written in an engaging way.
It is perfect for courses, or to be used by practitioners.
Download Description
"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.
See all Editorial Reviews
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Inside This Book Citations: This book cites 89 books | 1 book that cites this book Explore: Citations | Books on Related Topics | Concordance | Text Stats Key Phrases - SIPs: uncertainty management process, constructively simple models, order cost component, simple scenario approach, irrational objectivity (more) Key Phrases - CAPs: Astro Wales, Railway Group, Astro Inc, Monte Carlo, North Sea (more) Browse Sample Pages: Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover | Surprise Me! |
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Inside This Book
(learn more)
First Sentence:
'Uncertainty' in the plain English sense of 'lack of certainty' has important implications for what can be achieved by organizations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
uncertainty management process, constructively simple models, order cost component, simple scenario approach, irrational objectivity, mower firm, neutral want association, winning curve, constructive simplicity, cost uncertainty analysis, probability times impact, practical decision analysis, equivalent fatalities, constructive insubordination, expected direct cost, destructive complexity, emperor phenomenon, safety stock model, constructive complexity, holding cost component, anchor risk, destructive simplicity,
'Uncertainty' in the plain English sense of 'lack of certainty' has important implications for what can be achieved by organizations. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
uncertainty management process, constructively simple models, order cost component, simple scenario approach, irrational objectivity, mower firm, neutral want association, winning curve, constructive simplicity, cost uncertainty analysis, probability times impact, practical decision analysis, equivalent fatalities, constructive insubordination, expected direct cost, destructive complexity, emperor phenomenon, safety stock model, constructive complexity, holding cost component, anchor risk, destructive simplicity,