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Risk Management

Risk Management

Hardcover

Business GeneralTechnology & EngineeringProgramming

ISBN10: 1032543213
ISBN13: 9781032543215
Publisher: Auerbach Publications
Published: Mar 15 2024
Pages: 312
Weight: 1.41
Height: 0.75 Width: 6.14 Depth: 9.21
Language: English

Project success is an elusive goal in every business or technical domain. Project failure usually results from unhandled risks to the technical, cost, and schedule aspects of the project. There are four primary root causes of project failure.

  1. Unrealistic performance expectation, with missing Measures of Effectiveness
  2. Unrealistic cost and schedule estimates based on inadequate risk adjusted growth models
  3. Inadequate assessment of risk and unmitigated exposure to these risks without proper handling strategies
  4. Unanticipated technical issues with alternative plans and solutions to maintain the effectiveness of the project processes and its deliverables

Risk Management provides a comprehensive overview of the people, principles, processes, and practices as the fundamental base upon which an effective risk management system resides. However, this does not guarantee effective risk management and successful projects and businesses. The first half of the book describes risk management processes, as well as a delineation between risk and hazards and how these are connected. The second half of the book provides industry examples of the approach to risk management in specific context and with specific approaches and artifacts where applicable.

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Also from

Alleman, Glen B.

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Business General