Project Risk Management : Essential Methods for Project Teams and Decision Makers

Product Description An easy to implement, practical, and proven risk management methodology for project managers and decision makers Drawing from the author's work with several major and mega capital projects for Royal Dutch Shell, TransCanada Pipelines, TransAlta, Access Pipeline, MEG Energy, and SNC-Lavalin, Project Risk Management: Essential Methods for Project Teams and Decision Makers reveals how to implement a consistent application of risk methods, including probabilistic methods. It is based on proven training materials, models, and tools developed by the author to make risk management plans accessible and easily implemented. Written by an experienced risk management professional Reveals essential risk management methods for project teams and decision makers Packed with training materials, models, and tools for project management professionals Risk Management has been identified as one of the nine content areas for Project Management Professional (PMP®) certification. Yet, it remains an area that can get bogged down in the real world of project management. Practical and clearly written, Project Risk Management: Essential Methods for Project Teams and Decision Makers equips project managers and decision makers with a practical understanding of the basics of risk management as they apply to project management. (PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.) About the Author Dr. YURI RAYDUGIN is an experienced risk management professional who has developed and implemented successful risk systems for several major energy companies, including Royal Dutch Shell, SNC-Lavalin, and TransCanada Pipelines. He provides risk management coaching and training as well as risk assessment services and has published white papers and articles for a number of journals, including the International Journal of Risk and Contingency Management. From the Inside Flap Risk management has been identified as one of the nine content areas for Project Management Professional (PMP) certification. Yet, project risk management remains an area that is often bogged down by inconsistent methods and a sense of general confusion as to what methods should be applied, where, and how. Written to provide a practical understanding of the basics of risk management, Project Risk Management presents an easy-to-implement, practical, and proven risk management methodology for today's project managers and decision makers. Drawing on author Yuri Raydugin's risk management experience in almost two dozen major and mega capital projects, Project Risk Management shows you how to employ a consistent application of risk methods, including probabilistic methods. Dr. Raydugin illustrates existing training materials, models, and tools he has developed over the years to make risk management accessible and easy to execute. Written at an advanced level that doesn't get bogged down by mathematics, Project Risk Management balances technical information with accessible language to simplify the assessment of the uncertainties in a project. Conveniently laid out in four accessible parts, Project Risk Management examines: The Nature of Project Uncertainties The Three Dimensions of Risk Management The Risk Management Organizational Framework and Process Tools to Support the Organizational Framework and Process Risk Workshops, Reviews, and Reporting The Structure of a Project Risk Management Plan Project Execution through Risk Addressing (PETRA Technique) The Role of "Broiler Black Swans" and Unknown Unknowns The Role of Psychological and Organizational Bias The Selection of Engineering Design Options Using Risk Management Addressing Project Uncertainties through Procurement Cost Escalation Modeling Integrated Cost and Schedule Risk Analysis (CSRA) Building and Running Monte Carlo Models Criteria for Cost and Schedule Project Reserves Key Points of a Probabilistic CSRA Report Project Cost Uncertainty and AACE Classes Cost Reserve Draw