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Risk Management: Concepts and Guidance, 3rd edition, by Carl L. Pritchard
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An encyclopedia of risk management tools, this third edition covers the latest perspectives on risk. It focuses on a systematic approach to risk management and highlights specific techniques that enhance organizational risk identification, assessment, and management. Providing a blueprint for assessing and mitigating risk, the book addresses risk processes and practices as well as specific risk management techniques. It includes four appendices that contain information on contractor risk management, list of risk sources, basic probability concepts, quantifying expert judgement, and special notes on software risk. The book concludes with a glossary of terms.
- Sales Rank: #2319389 in Books
- Brand: Brand: ESI International
- Published on: 2005-01-01
- Original language: English
- Number of items: 1
- Dimensions: 1.40" h x 6.20" w x 9.20" l, 1.00 pounds
- Binding: Paperback
- 340 pages
- Used Book in Good Condition
Most helpful customer reviews
36 of 37 people found the following review helpful.
A great blueprint for risk assessment and mitigation
By D. LeVie, Jr.
When I began my Project Management Professional certification through George Washington University and Motorola several years ago, one of the first courses I took was one dealing with project risk analysis and response. The text for the class was Risk Management: Concepts and Guidance, by Carl Pritchard, and has served as a blueprint for assessing and mitigating risk in many projects for which I was responsible.
Pritchard's emphasis is not on designing assessments and mitigation strategies for all circumstances, but on building useful information that can be applied toward a particular project situation. This book has a natural alignment with the principles and concepts of , produced by the Project Management Institute's (PMI) Standards Committee. While the PMI identifies four phases of risk management, Pritchard adds a fifth phase upfront, called risk planning.
The book is divided into two major sections: Section 1 addresses risk processes and practices; Section 2 is concerned with specific risk management techniques. The four appendixes contain information on contractor risk management, list of risk sources, basic probability concepts, quantifying expert judgment, and special notes on software risk. The book concludes with a glossary of terms, bibliography, and index.
Of particular value in the book are the 50+ figures and tables that illustrate some of the more complex statistical/probability models used in risk assessment and mitigation. Each chapter follows a template that structures the same type of information. For example, each chapter in Section 2 contains the following subheadings:Technique Description; When Applicable; Input and Output; Major Steps in Applying the Technique; Use of Results; Resource Requirements; Reliability; Selection Criteria; Output; Summary
The 218-page book (softcover)is an easy read and a highly useful desk reference for any project manager concerned about planning for and mitigating risk to projects. My dog-eared, heavily highlighted copy has served me well over the past 3 years.
27 of 29 people found the following review helpful.
Excellent resource!
By A Customer
I used this text as part of a Risk Management course, and I expect to use it in practice. It's an excellent resource for risk managment tools. Especially for quantifying financial risks.
0 of 0 people found the following review helpful.
a classic
By Flavio Tosi - Business Exploration
I think this book is quite hexaustive and well structured.
You can use it as check list, and get practical advices on what and how approach risk management. This however cover only half of the Risk Management parctice: the one you can keep under a "statistical" control. The other half, the one that requires your gut and feeling, needs other books to be covered.
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