Summary of Project Risk Management

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Rating

8 Overall

9 Applicability

7 Innovation

7 Style


Recommendation

Corporate risk managers are professional worriers. It’s bad enough when they have to imagine everything bad that could happen to a headquarters building - and today few things are too farfetched to be dismissed. Then they must take that same existential vulnerability into the field, where hundreds or even thousands of employees are engaged in major projects using heavy equipment to build bridges, dig tunnels or lay rail lines, shooting the risk profile beyond "apoplectic" on the Murphy’s Law scale. That’s when your project risk manager should step in with an armful of charts and graphs to help return your blood pressure to safer levels. The authors, a team of risk management consultants, have written a book for anyone who is responsible for mitigating the profound risks - delays, overruns and accidents - that accompany major infrastructure projects. If you manage your company’s "anything that goes wrong department," or if you have a major project looming, getAbstract.com says read this before mistakes happen.

In this summary, you will learn

  • How to conduct project risk analysis;
  • How to manage risks once you’ve identified them; and
  • How to implement your risk management plan.
 

About the Authors

Daniella van Well-Stam specializes in infrastructure project risk management. Fianne Lindenaar has worked at the RISMAN Project Bureau since 1999. Suzanne van Kinderen is a project management consultant specializing in risk management. Bouke van den Bunt, director of the RISMAN Project Bureau since 2000, works in risk analysis and management.

 

Summary

Risk Factors
You step out of your office for lunch and approach the curb. Before you cross the street, you look to the left and right. Then you proceed. This routine activity is actually an example of risk management. While checking for traffic doesn’t guarantee you’ll safely reach the...

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