Product Description

Brevity and ease of reference make this handbook a useful introduction to risk in the project or program environment. The book provides a simplified understanding of the nature of project risk and opportunity, and a systematic approach to risk reduction. You'll get useful insights into the process of project risk management whether you're working on a small administrative project, a large capital works project, or anything in between. Concepts, tools, and techniques covered include: risk identification, risk assessment goals and methodology, computer applications, risk response and documentation, management of contingency allowances, managing risks of the project's environment, and dealing with risks in contracts.

This book is essential reading to learn more about the Project Management Body of Knowledge (PMBOK®).

Product Details

• Amazon Sales Rank: #118173 in Books
• Published on: 1992-05-01
• Number of items: 1
• Binding: Paperback
• 120 pages

About the Author
R. Max Wideman is principal of AEW Services and a Fellow of the Project Management Institute.

Customer Reviews

Good, but mostly common sense
This is a good book, but it mostly presents common sense ideas. It's weak at explaining how you can truly measure the risk in your project. "Identify the risks, rank them in terms of likelihood, develop a contingency plan..." I think this is good advice, but I also believe that you can't manage what you can't measure. And this book doesn't provide you with an objective methodology to calculate risk. I was hoping to find a mathematical formula, or at least a model I could consistently apply across projects. Something like the equations presented in Excessive Project Schedule. Personally, if you want to buy a book on Risk Management, I'd recommend Rapid Development by Steve McConnell instead. There's a good chapter on Risk Management, and lots of valuable information about other project management related topics.

Functional and simplistic...
If you are new to the topic of Risk Analysis - this is an excellent beginners book. It covers the topic from several different angles, and especially for a Project Manager - it is a wonderful guide.

Personally, I found the book somewhat lacking in depth - overall. Where it tried to go deeper - the explanations were rather brief and not easy to follow.

There are several topics related to risk that could have been included or discussed in depth - such as what constitutes Failure, Accident, and why events get classified the way they do.

Lastly - in the foreword the book is referred to as a hand book. That is a stretch for sure. I would still recommend it for those engaged in managing Projects.

Project managers book to keep
This is a good book about project risk and how to manage it and transform it into opportiunities.