Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project
By Tom Kendrick
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About this ebook
Projects—especially complex ones—are inherently risky. Between time constraints, technical challenges, and resource issues, things can easily go wrong—making the identification of potential risks an essential component of every project manager's job.
Fully updated and consistent with the Risk Management Professional (RMP) certification and the Guide to the Project Management Body of Knowledge (PMBOK®), Identifying and Managing Project Risk remains the definitive resource for project managers seeking to guard against failure.
Drawing on real-world situations and hundreds of examples, the book outlines the risk management process and provides proven methods for project risk planning. Readers will learn how to use high-level risk assessment tools, implement a system for monitoring and controlling projects, and properly document every consideration. Analyzing aspects such as project scope, available resources, and scheduling, the third edition also offers fresh guidance on program risk management, qualitative and quantitative risk analysis, simulation and modeling, and significant "non-project" risks.
This practical book will help readers eliminate surprises and keep projects on track.
Tom Kendrick
Tom Kendrick the former Program Director for the project management curriculum at UC Berkeley Extension, and lives in the Bay area near San Francisco, California. He is a past award recipient of the Project Management Institute (PMI) David I. Cleland Project Management Literature Award for "Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project" (now in it's fourth edition). Tom is also a certified PMP and serves as a volunteer for both the PMI Silicon Valley Chapter and PMI.org.
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Reviews for Identifying and Managing Project Risk
9 ratings1 review
- Rating: 4 out of 5 stars4/5This book is excellent in several perspectives; it walks you through detailed steps in managing project risks, and, at the same time, it relates contents to real life by mapping risk management to one of the world’s most difficult projects, Panama Canal.In a well-structured, properly written and easily understood format, Tom Kendrick explains how to identify, analyze, plan responses for, and control project risks. Using project’s triple constraints (scope, schedule and resources/cost) as a road map, the book breaks down the risk management efforts into manageable pieces. It provides various down-to-earth tools and techniques to bring failure-prone projects to success.I like how the book maps each chapter’s contents to pitfalls or successes that took place during the Panama Canal project in the early twentieth century. In addition to that, I like how, throughout the book, Kendrick stresses on prudent change management and effective communication to failure-proof any project.The appendix of the book is an amazing collection of project risks that have been logged in the Project Experience Risk information Library (PERIL) database. This can be utilized as a starting point for any PM embarking on risk identification in the three dimensions of scope, schedule and resources/cost.The book is a good reference to any professional who intends to understand how project risks are dealt with, and even for those who are planning to sit for the PMI-RMP exam.