Effective Opportunity Management For Projects: Exploiting Positive Risk (Center for Business Practices) Kindle Edition

4.3 out of 5 stars 3 customer reviews

ISBN-13: 978-0824748081
ISBN-10: 0824748085
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Product Details

  • File Size: 6188 KB
  • Print Length: 340 pages
  • Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
  • Publication Date: April 16, 2007
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B000PMGITU
  • Text-to-Speech: Enabled
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  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #1,617,049 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Top Customer Reviews

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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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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