The face of risk continues to change. Although risk is a constant-forever with us the interpretations of risk management shift with the times. The most recent shift came with the latest version of the Project Management Institute, Inc.’s A Guide to the Project Management Body of Knowledge, Third Edition. The philosophy of the Project Management Institute (PMI) on risk management continues to shift toward adding more tools and reflecting the changing times that have, if anything, reflected increasingly greater project risks.
Table of Content
Risk Processes and Practices- Why Risk Management
Risk Management Practices
The Risk Management Structure
Risk Management Techniques
Risk Practice Methodology
Crawford Slip Method (CSM)
Risk Breakdown Structure
Root Cause Identification and Analysis
Decision Analysis-Expected Monetary Value
Network Analysis (Excluding PERT)
Other Diagramming Techniques
Data Quality Assessment
Monte Carlo Simulations
Risk Response Matrix
Performance Tracking and Technical Performance Measurement
Risk Reviews and Audits
Other Common Techniques
Appendix A: Contractor Risk Management
Appendix B: An Abbreviated List of Risk Sources
Appendix C: Basic Probability Concepts
Appendix D: Quantifying Expert Judgment
Appendix E: Special Notes on Software Risk
About The Author
Carl L. Pritchard is the Principal of Pritchard Management Associates and is a widely recognized risk management authority and lecturer. Mr. Pritchard’s publications include courses in risk management as well as The Project Management Communications Toolkit (Artech Houses, 2004), How to Build a Work Breakdown structures, and Precedence Diagramming: Successful Scheduling in the Team Environment. He coauthored Managing Projects in Organizations-The CR-ROM with J. Davidson Frame.
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