Risk Analysis in Project Management
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Risk Analysis in Project Management

Risk Analysis in Project Management


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About the Book

This book demystifies risk analysis and enables decision makers to improve the quality of their judgements by providing more realistic information on which to base decisions. With a practical approach, minimising jargon, mathematics and academic references, the author provides practitioners with clear descriptions of the nature of risk and risk attitude. He also describes techniques of analysis and assesses their strengths and weaknesses.

Table of Contents:
Introduction: Risks and uncertainties in projects. The purpose of this book. Risk and uncertainty: definitions. Risk exposure and risk attitude. Risk in projects. Overview of risk management. Risk analysis: advantages and limitations. Summary. Understanding probabilities. Introduction. Probability. Personal probabilities. Joint and compound probability. Expected monetary value (EMV). Summary. Estimating and forecasting: psychological aspects. Introduction. Rules of thumb. Personal biases. Reporting biases. Conclusions. Summary. Risk Attitude. Introduction. Risk attitude in gambling: `card counting'. Risk attitude and utility theory. The allais paradox. Risk attitude: practical implications. Conclusions. Summary. Measuring risk exposure: techniques of risk analysis. Introduction. Techniques. Assessment of techniques. Summary. Case histories and worked examples. Introduction. The GK construction co. A transport infrastructure investment appraisal. An underground rail tunnel using MERA. South China land reclamation. A bridge over the Thames. Software for risk analysis. Introduction. The role of software in risk analysis. How to approach the software market. Good practice in risk management. Introduction. Human factors. Key points of good practice. Conclusions. References. Further Reading. Index.


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Product Details
  • ISBN-13: 9780419184201
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: Spon Press
  • Height: 234 mm
  • No of Pages: 156
  • Returnable: N
  • Width: 156 mm
  • ISBN-10: 0419184201
  • Publisher Date: 25 Nov 1993
  • Binding: Paperback
  • Language: English
  • No of Pages: 156
  • Weight: 249 gr


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