Project Risk and Opportunity Management

Project Risk and Opportunity Management
Author: Agnar Johansen
Publisher: Routledge
Total Pages: 134
Release: 2019-03-29
Genre: Business & Economics
ISBN: 0429773404

Effective risk and opportunity management is key to the successful delivery of any major engineering and construction project. This book looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty present. The authors of this book highlight that uncertainties should be managed rather than avoided. This book will look at simple projects with a small team, to megaprojects where some hundreds of people are involved, and the consequences of delays or unforeseen costs. However, while the obvious risks can be planned for, the authors argue that it is often the opportunities in these situations that can have unexploited potential. This book is about opportunity management seen from the owner’s perspective. It will be an invaluable resource for those studying Engineering both undergraduate and postgraduate and set out ways in which projects should be managed from planning to completion. This book is also a great tool for those working in project management and the construction industry. While there are many books that demonstrate effective construction management, this book is the first of its kind to emphasise that there is opportunity in uncertainty, and possibility in the unexpected.

Enterprise Risk and Opportunity Management

Enterprise Risk and Opportunity Management
Author: Allan S. Benjamin
Publisher: John Wiley & Sons
Total Pages: 360
Release: 2017-02-06
Genre: Business & Economics
ISBN: 1119288428

Risk management strategy for the pioneering technological sector Enterprise Risk and Opportunity Management provides much-needed guidance tailored specifically to the technological sector. While most enterprise risk management guides are written for traditional businesses and finance firms, this book translates effective enterprise risk and opportunity management (EROM) principles into strategies and practices that work for government, nonprofit, and for-profit organizations in the technological space. Originally designed for noncommercial pioneering enterprises like NASA, an entire chapter is now devoted toward applying the methods to profit-making technological enterprises. A 40-year veteran of the tech sector, Dr. Allan Benjamin outlines risk management strategies for organizations in which the advancement and integration of science and technology within complex systems is necessary for accomplishment of the mission. Commercial EROM strategies do not translate directly when the development and implementation of risky technologies is the organization's primary objective, and clumsy or near-sighted implementation can easily cripple progress. This book provides authoritative guidance tailored to the sector's specialized needs. Maximize opportunity while effectively managing risk Understand the core principles of the technological EROM approach and its interfaces with the management of the organization Comprehend the intricacies of aggregating risks and opportunities from lower to higher levels of the organization Gain expert insights specific to the technology sector Mitigate and control the risk that comes with pursuing discovery In practice, EROM in this sector involves working with mostly qualitative data, and is characterized by high uncertainty. Managing risk without handicapping the organization requires a specific set of adjustments to traditional EROM, and a more nuanced approach to the idea of "acceptable risk. Balance is key in technological EROM, and Enterprise Risk and Opportunity Management provides foundational guidance, real-world strategy, and enlightening examples for getting it right.

Effective Opportunity Management for Projects

Effective Opportunity Management for Projects
Author: David Hillson
Publisher: CRC Press
Total Pages: 354
Release: 2003-11-19
Genre: Computers
ISBN: 9780203913246

With step-by-step guidelines, this bestselling reference discusses the management of project opportunities by expanding the traditional risk management process to address opportunities alongside threats. It offers valuable tools and techniques that expose and capture opportunities, minimize threats, and deal with all types of uncertainty in your business and projects. Written by an experienced consultant and risk management specialist, this guide emphasizes that risk processes must cover both opportunities and threats if they are to assist in accomplishing project objectives and maximizing business benefits.

Risk-Opportunity Analysis

Risk-Opportunity Analysis
Author: Ralph Vince
Publisher: Createspace Independent Publishing Platform
Total Pages: 0
Release: 2012-02-03
Genre: Opportunity
ISBN: 9781466344402

Every day, billions of human beings are making dozens of decisions that do not appear based on the same, seemingly sound mathematical principles they would apply to a gambling or investing situation. Yet these decisions are not irrational, rather they are the product of an innate sense pertaining to risk and opportunity. This Second Edition is presented for the non-mathematician (though the underlying math is provided for those who are interested), and not only gives reason to reconsider the bases we assess gambling and investing situations, but reveals this magnificent, innate ability we possess.For decades various mathematical notions have presented themselves which, though applicable to domains such as probability, game theory, operations research, and quantitative finance, have fallen essentially outside the purview of these various disciplines. Yet the concepts detailed in this text are all related, and taken together comprise their own niche-discipline, introduced here as Risk-Opportunity Analysis.

Problem, Risk, and Opportunity Enterprise Management

Problem, Risk, and Opportunity Enterprise Management
Author: Brian Hagen
Publisher: Probabilistic Publishing
Total Pages: 368
Release: 2018-08
Genre:
ISBN: 9781941075036

Dr. Hagen presents a complete system by which companies can more easily and consistently manage their portfolio of problems, risks, and opportunities. His methodology was based on a foundation of neuroscience and logical decision analytics.

Project and Program Risk Management

Project and Program Risk Management
Author: R. Max Wideman
Publisher:
Total Pages: 120
Release: 1992
Genre: Business & Economics
ISBN:

Integration, general approach and definitions - Risk identification - Risk assessment goals and methodology - Computer applications - Risk response and documentation - Management of contingency allowances - Managing the risks of the project's environment - Dealing with risks in contracts.

Managing Risk and Opportunity

Managing Risk and Opportunity
Author: Torben Juul Andersen
Publisher: Oxford University Press, USA
Total Pages: 204
Release: 2014-03
Genre: Business & Economics
ISBN: 0199687854

This book looks at the critical demands imposed on directors and leaders when faced with corporate risks in turbulent global markets. It shows show why successful risk management outcomes require ethical governance principles and organizational structures that enhance effective risk-taking practices by all actors.

Practical Project Risk Management

Practical Project Risk Management
Author: David Hillson
Publisher: Berrett-Koehler Publishers
Total Pages: 355
Release: 2012-08
Genre: Business & Economics
ISBN: 1523097132

This second edition of the book reflects the authors' work to continually improve upon the model and to apply the methodology to a broader range of issues. The book includes: • An entirely new chapter on managing risk in programs, which is an important dimension in today's world of ever more complex initiatives • Updated material and methodology more closely aligned with relevant international standards • Emphasis on minimizing the threats and maximizing the opportunities to optimize achievement of your project goals Based on sound principles and best practices, this book guides any member of the project management team in conducting risk management in a real-world environment.

Enterprise-wide Risk Management

Enterprise-wide Risk Management
Author: James W. DeLoach
Publisher: Financial Times/Prentice Hall
Total Pages: 0
Release: 2000
Genre: Risk assessment
ISBN: 9780273644149

Guiding you through the key stages of designing and implementing an integrated EWRM process in your organisation, this text is centred on the Business Risk Model the author has developed for Arthur Andersen. It provides insight into the risk management practices of over 60 leading companies through in-depth interviews with their senior executives so you can learn from their experiences.

Identifying and Managing Project Risk

Identifying and Managing Project Risk
Author: Tom Kendrick
Publisher: AMACOM
Total Pages: 370
Release: 2009-02-27
Genre: Business & Economics
ISBN: 0814413412

Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.