Risk Management Guidelines for Large Projects and Complex Procurements: Managing Risk in Large Projects and Complex Procurements

This book describes philosophies, principles, practices and techniques for managing risk in projects and procurements, with a particular focus on complex or large--scale activities. The authors cover the basics of risk management in the context of project management, and outline a step--by--step approach. They then extend this approach into specialised areas of procurement (including tender evaluation, outsourcing and Public--Private Partnerships), introducing technical risk assessment tools and processes for environmental risk management. Finally they consider quantitative methods and the way they can be used in large projects. International case studies are included throughout.

Table of Contents:
Foreword. Preface. About the authors. Introduction to project risk management. Part I: The basics of project risk management. 1. The project risk management approach. 2. Establish the context. 3. Risk identification. 4. Qualitative risk assessment. 5. Semi--quantitative risk assessment. 6. Risk treatment. 7. Monitoring and review. 8. Communication and reporting. 9. Project processes and plans. 10. Simplifying the process. 11. Managing opportunities. 12. Other approaches to project risk management. Part II: Extending the basic process. 13. Case study: tender evaluation. 14. Contracts and risk allocation. 15. Market testing and outsourcing. 16. Public--private partnerships and private financing. 17. Technical tools and techniques. 18. Introduction to environmental risk management. Part III: Quantification of project risks. 19. Introduction to quantification for project risks. 20. Cost--estimating case studies. 21. Case study: planning a timber development. 22. Capital evaluation for large resource projects. 23. Risk analysis and economic appraisal. 24. Conclusions. Part IV: Additional information and supporting material. 25. Risk management process checklist. 26. Worksheets and evaluation tables. 27. Examples of risks and treatments. Glossary. References. Index.