- Paperback: 336 pages
- Publisher: RMC Publications, Inc. (September 15, 2003)
- Language: English
- ISBN-10: 0971164797
- ISBN-13: 978-0971164796
- Product Dimensions: 1 x 7.2 x 8.8 inches
- Shipping Weight: 1.5 pounds
- Average Customer Review: 14 customer reviews
- Amazon Best Sellers Rank: #874,917 in Books (See Top 100 in Books)
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Risk Management, Tricks of the Trade for Project Managers Paperback – September 15, 2003
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"Armed with this book, there should be no excuse...to declare (you) don't know how to apply risk managment..." -- R. Max Wideman, author of Project and Program Risk Management: A Guide to Managing Project Risks and Opportunities
About the Author
Rita Mulcahy, PMP, is the President and founder of RMC Project Management, Inc. and world renowned project management author, trainer and speaker. Her book PMP Exam Prep has become a best seller helping project managers prepare to pass the PMP and CAPM exams and is sold in 43 countries.
Rita has taught thousands of project managers how to pass the PMP exam along with teaching courses on Project Management Tricks of the Trade, Risk Management, Determining Customer Requirements, Negotiation and her trademark course and speach - What Makes a Project Manager Successful?
Rita has been a member of the Project Management Institute (PMI) from 1990 - present, past chapter President and Vice President along with being one of the founders of PMI's RISK special interest group.
Top customer reviews
If you're reading this because of a PMP recertification requirement under Category 2-SDL, it fulfills that requirement in a rather dry and disengaged manner. Cheap route to 15 PDU's? Yes, though there are many that are even cheaper. Meaningful and worthwhile? I felt it lacking, and laborious.
In addition, there are "Tricks of the Trade" that I have already applied to a current project. For instance, a trick from the book is putting risks directly into the project schedule; I turned this around and referenced tasks in the identified risks and was able to make some progress with management for the first time.
You can assemble the pieces yourself or you can buy this book. I know which I would do if I could do it over. The tricks are a plus.
Though I enjoyed reading your entire book in general, I appreciate the following points, in particular, which in my opinion will not only enhance the competency of the PMPs but also, serve as a good reference material in the years to come.
1. A risk can not have probability rating 8 or higher, in which case it is considered a fact and should be included in the WBS as a work item.
2.Over all Project risk score should be less than 50.
3.Risk Probability -Impact matrix ( PI matrix) and risk score tables have been explained in an easy -to- understand style.
4.Tips like "Many risks will not occur simply because they have become known ( to the respective team members) and let as many people appropriate know the risks identified on your project by putting the risk score on the Gantt chart".
5.Response strategies for Opportunities (viz. Exploit,Enhance Accept,and Sharing) which have not been addressed in the guide to PMBOK.
6. Tables in the Appendix giving list of Opportunities and list of Risks in Cause-Risk-Effect format is a unique feature of this book.
Thanks a lot, Rita , for bringing such an easy-to-read book aligned to the guide to PMBOK on such a gray area as Project Risk Management. This book will surly serve as a good source of reference for the practicing Project Managers and a good study material for PMP Certification exam candidates as well.(...)
As expected, the book observes PMI standards, but more than that, it shows how risk can be managed effectively in the real world, using specific examples.
Lack of effective risk management is one of the leading causes of project failure, and all too often, risk management is ignored altogether - perceived as an expensive burden. This book takes a realistic approach, examining both full scale risk management (including quantitative methods) and the minimum effective risk management needed for project success. In many industries, that's all that's needed.
Best of all, it offer dozens of examples of real life risks and risk responses across a variety of industries.
All in all, highly recommended for anyone needing to develop risk management processes or trying to improve their risk management skills.
As a certified PMP I can attest to the rigor and comprehenive approach that the author has captured. I have used the concepts to boost my current projects.
I wish I could have gotten my hands on the text before taking the PMI Certification test; it would have eased and focused my study efforts. Buy this book --- it's a keeper !
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