This new edition of Risk Management: Concepts and Guidance supplies a look at risk in light of current information, yet remains grounded in the history of risk practice. Taking a holistic approach, it examines risk as a blend of environmental, programmatic, and situational concerns. Supplying comprehensive coverage of risk management tools, practices, and protocols, the book presents powerful techniques that can enhance organizational risk identification, assessment, and management—all within the project and program environments. Updated to reflect the Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, this edition is an ideal resource for those seeking Project Management Professional and Risk Management Professional certification. Emphasizing greater clarity on risk practice, this edition maintains a focus on the ability to apply "planned clairvoyance" to peer into the future. The book begins by analyzing the various systems that can be used to apply risk management. It provides a fundamental introduction to the basics associated with particular techniques, clarifying the essential concepts of risk and how they apply in projects. The second part of the book presents the specific techniques necessary to successfully implement the systems described in Part I. The text addresses project risk management from the project manager’s perspective. It adopts PMI’s perspective that risk is both a threat and an opportunity, and it acknowledges that any effective risk management practice must look at the potential positive events that may befall a project, as well as the negatives.Providing coverage of the concepts that many project management texts ignore, such as the risk response matrix and risk models, the book includes appendices filled with additional reference materials and supporting details that simplifying some of the most complex aspects of risk management.

part |2 pages

Part I: Risk Processes and Practices: Why Risk Management?

chapter 1|4 pages

Risk Management Practices

chapter 2|16 pages

Risk Concepts

chapter 3|34 pages

The Risk Management Structure

part |8 pages

Part II: Risk Management Techniques

chapter 4|10 pages

Expert Interviews

chapter 6|12 pages

Risk Practice Methodology

chapter 7|8 pages

Documentation Reviews

chapter 8|10 pages

Analogy Comparisons

chapter 9|12 pages

Plan Evaluation

chapter 10|8 pages

Delphi Technique

chapter 11|8 pages


chapter 12|8 pages

Crawford Slip Method (CSM)

chapter 13|8 pages

SWOT Analysis

chapter 14|8 pages


chapter 15|8 pages

Risk Breakdown Structure

chapter 16|8 pages

root cause identification and anaLysis

chapter 17|8 pages

Risk Registers/Tables

chapter 18|8 pages

Project Templates

chapter 19|8 pages

Assumptions Analysis

chapter 20|10 pages

Decision Analysis: Expected Monetary Value

chapter 21|8 pages

Estimating Relationships

chapter 22|10 pages

Network Analysis (Excluding PERT)

chapter 23|10 pages


chapter 24|10 pages

Other Diagramming Techniques

chapter 25|12 pages

Rating Schemes

chapter 26|8 pages

Urgency Assessment

chapter 27|8 pages

Futures Thinking

chapter 28|12 pages

Risk Modeling

chapter 29|8 pages

Sensitivity Analysis

chapter 30|12 pages

Monte Carlo Simulations

chapter 31|6 pages

Risk Factors

chapter 32|10 pages

risk resPonse Matrix /Pugh Matrix

chapter 34|8 pages

Risk Reviews and Audits

chapter 35|6 pages

Other Common Techniques