Download or read book Exploiting Future Uncertainty written by David Hillson and published by Routledge. This book was released on 2017-03-02 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whatever the future holds, one thing is sure: nothing is certain except uncertainty. Prediction is always hard, especially about the future, but the biggest risk is not taking any risk at all. All businesses face significant levels of uncertainty these days. To succeed you need to exploit future uncertainty, turning it to your advantage by managing risk effectively. This book shows you how. In his role as The Risk Doctor, international risk consultant Dr David Hillson has advised many major organisations across the globe, showing them how to create value from risk. Now you can benefit from his unique approach and insights. Exploiting Future Uncertainty contains more than sixty focused briefings, each addressing a key part of the risk challenge. Using five themes, David covers the links between better business and risk-taking, basic risk concepts, making risk management work in practice, people aspects, and managing risk in the wider world. Each section is packed with clear practical advice with specific how-to tips and guidance. David Hillson is one of the most influential writers and consultants on risk and in Exploiting Future Uncertainty he offers his prescription for effective risk management in 21st Century businesses.

Download or read book Managing the Continuum Certainty Uncertainty Unpredictability in Large Engineering Projects written by Franco Caron and published by Springer Science & Business Media. This book was released on 2013-05-24 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Download or read book Earned Benefit Program Management written by Crispin Piney and published by CRC Press. This book was released on 2017-10-10 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: No one can disagree that benefits are good things. Whether you are responsible for projects, programs, or portfolios, you are increasingly expected to think—and act—in an appropriate benefits-driven way. However: Do you understand that what may be appropriate for a project may be inapplicable for a program? Can you avoid the trap of wishful thinking based on overinflated expectations and underestimated costs? Can you manage your program or portfolio from inception to final delivery in a consistent, benefits-focused way based on a single, coherent model? This book describes how Earned Benefit Program Management techniques provide an innovative, all-inclusive model and set of tools developed specifically to answer these questions. This model consolidates the key concepts of project, program, and portfolio management and ensures that all program and portfolio management steps are carried out based on a single, signed-off model in a consistent, verifiable manner within a consolidated life cycle. This approach guarantees alignment with strategic goals and constraints through every stage of a program. Case studies highlight the key features of the approach and provide important lessons and insights for managing programs. Although the ideas and concepts for each topic are fully consistent with existing standards and other published material, they are based on new thinking and go beyond current practice. They provide a set of original and powerful techniques that are applicable to both programs and portfolios in a wide range of business environments.

Download or read book The Risk Doctor s Cures for Common Risk Ailments written by David Hillson PhD, PMP and published by Berrett-Koehler Publishers. This book was released on 2014-08-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Risk Doctor's Cures for Common Risk Ailments offers tried-and-true cures for risk management problems at both the organizational and project levels. Written by noted risk management consultant David Hillson, aka The Risk Doctor, this book gives practical advice based on sound risk management principles and real-life cases. Using the medical metaphor, Dr. Hillson prescribes treatment for serious issues that can lead to project or business failure. These common risk management ailments include risk blindness, risk amnesia, risk muteness, risk obesity, risk anorexia, risk depression, and risk myopia. Proper risk management is essential to project and business success but is often misunderstood and inappropriately applied at all levels of the organization. This book makes the basics comprehensible and the application of sound risk management workable. Follow The Risk Doctor's recommended treatment plan and begin a fast recovery from risk ailments that have troubled your projects and your business—and look forward to a future filled with the rewards of a healthy approach to risk management!

Download or read book Gower Handbook of Project Management written by Rodney Turner and published by Routledge. This book was released on 2016-04-22 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook was the first APM Body of Knowledge Approved title for the Association for Project Management. Over the course of five editions, Gower Handbook of Project Management has become the definitive desk reference for project management practitioners. The Handbook gives an introduction to, and overview of, the essential knowledge required for managing projects. The team of expert contributors, selected to introduce the reader to the knowledge and skills required to manage projects, includes many of the most experienced and highly regarded international writers and practitioners. The Fifth Edition has been substantially restructured. All but two of the authors are new, reflecting the fast-changing and emerging perspectives on projects and their management. The four sections in the book describe: ¢ Projects, their context, value and how they are connected to organizational strategy; ¢ Performance: describing how to manage the delivery of the project, covering scope, quality, cost, time, resources, risk and sustainability ¢ Process: from start up to close down ¢ Portfolio: the project and its relationship to the organization The discrete nature of each chapter makes this Handbook a wonderful source of advice and background theory that is easy to consult. Gower Handbook of Project Management is an encyclopaedia for the discipline and profession of project management; a bible for project clients, contractors and students.

Download or read book Managing Risk in Projects written by David Hillson and published by Routledge. This book was released on 2017-05-15 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Projects are risky undertakings, and modern approaches to managing projects recognise the central need to manage the risk as an integral part of the project management discipline. Managing Risk in Projects places risk management in its proper context in the world of project management and beyond, and emphasises the central concepts that are essential in order to understand why and how risk management should be implemented on all projects of all types and sizes, in all industries and in all countries. The generic approach detailed by David Hillson is consistent with current international best practice and guidelines (including 'A Guide to the Project Management Body of Knowledge' (PMBoK) and the 'Project Risk Management Practice Standard' from PMI, the 'APM Body of Knowledge' and 'Project Risk Analysis & Management (PRAM) Guide' from APM, 'Management of Risk: Guidance for Practitioners' from OGC, and the forthcoming risk standard from ISO) but David also introduces key developments in the risk management field, ensuring readers are aware of recent thinking, focusing on their relevance to practical application. Throughout, the goal is to offer a concise description of current best practice in project risk management whilst introducing the latest relevant developments, to enable project managers, project sponsors and others responsible for managing risk in projects to do just that - effectively.

Download or read book Capturing Upside Risk written by David Hillson and published by CRC Press. This book was released on 2019-06-28 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: With more than three decades of experience as a thought-leader and expert practitioner, PMI Fellow Dr. David Hillson shares practical insight into how upside risks can be identified, assessed, and managed as opportunities. After reviewing the benefits of identifying opportunities, the book steps through the opportunity identification and management process in detail, describing proven tools and techniques as well as specific tips to make them work in practice. The book places opportunity management in the context of traditional risk management, providing a familiar pathway that leads project managers to discover new benefits and successes. David Hillson is one of the foremost authorities on risk management. With his latest book he presents a strong case for managing opportunities. As with all of David’s books, the style of writing is engaging and easy to understand. There are many nuggets of wisdom in this book, as well as a hands-on approach to leveraging opportunity management as a way of improving project performance. — Cyndi Snyder Dionisio, PMI Fellow, Coronado CA, USA. (Chair of the PMBOK® Guide, Sixth Edition) I enjoyed reading this book, which is precise, clear, logical, and persuasive. The clarity of thought and expression explains why David is such a sought-after speaker. This book is a must-read for project risk practitioners, as well as for project professionals who are serious about addressing all the risks on their project, including the good ones. — Dr Dale Cooper, Cammeray NSW, Australia. (Director, Broadleaf Capital International) At last, a clear and valuable book linking both sides of the coin in risk management: threats and opportunities. David Hillson truly engages the reader on how to deal with these two types of risk in projects, sharing his wisdom and extensive experience in creating value from risk management. Anyone who has to manage risk in real-world projects should read this book to enhance their opportunity management skills. — Professor Salim Al-Harthi, Muscat, Oman. (Director of Risk Management Office, Sultan Qaboos University) It is vital for value creation in business and in life that we consider uncertainties that would have upside impacts on our objectives (opportunities), as well as downside impacts (threats). Business gets confused between opportunities where there is a binary choice to take or not, and true uncertain opportunities that can be seized, or left to chance. David has persevered in helping us understand this and this important book is a must-read for all leaders who want to create value through the proactive management of risk. — Dr Ruth Murray-Webster, Wakefield, UK. (Partner, Beyond the Deal LLP and Editor, APM Body of Knowledge, 7th Edition) As project managers, we always seem to focus on threats, negative risks. David Hillson, one of the foremost thought-leaders on risk management, explains approaches to identify and manage opportunities, positive risks and how this will help achieve project success. As with his previous books, David provides a structured approach with examples, tools, and techniques. An excellent resource for all project managers in today’s world. — Peter Monkhouse, Toronto ON, Canada. (Past Chair PMI Board of Directors)

Download or read book Practical Project Risk Management written by David Hillson and published by Berrett-Koehler Publishers. This book was released on 2012-08-01 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the book reflects the authors' work to continually improve upon the model and to apply the methodology to a broader range of issues. The book includes: • An entirely new chapter on managing risk in programs, which is an important dimension in today's world of ever more complex initiatives • Updated material and methodology more closely aligned with relevant international standards • Emphasis on minimizing the threats and maximizing the opportunities to optimize achievement of your project goals Based on sound principles and best practices, this book guides any member of the project management team in conducting risk management in a real-world environment.

Download or read book Practical Project Risk Management Third Edition written by David Hillson and published by Berrett-Koehler Publishers. This book was released on 2020-11-03 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of an award-winning risk management classic is more actionable than ever with new chapters on facilitating risk conversations and running a risk workshop. Risk isn't just about threat; it's also about opportunity. You have to be ready to take advantage of the most unexpected events—good or bad—with any project you are managing. But how does this work in practice? The Active Threat and Opportunity Management (ATOM) methodology offers a simple, scalable risk process that applies to all projects in all industries and business sectors. For each process step, the authors offer practical advice, hints, and tips on how to get the most out of the risk management process. Risk management really can work in practice. This Project Management Institute award-winning methodology is already used by top corporations. Whether you are someone with no prior knowledge of risk management or someone who simply needs guidance on how to apply risk management successfully, this book will help you tackle the ups and downs of this unpredictable world.

Download or read book Surviving and Thriving in Uncertainty written by Frederick Funston and published by John Wiley & Sons. This book was released on 2010-06-03 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new book to help senior executives and boards get smart about risk management The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk taking. The key is to make the right decisions—even under the most risky, uncertain, and turbulent conditions. In the new book, Surviving and Thriving in Uncertainty: Creating the Risk Intelligent Enterprise, authors Rick Funston and Steve Wagner suggest that effective risk taking is needed in order to innovate, stay competitive, and drive value creation. Based on their combined decades of experience as practitioners, consultants, and advisors to numerous business professionals throughout the world, Funston and Wagner discuss the adoption of 10 essential and practical skills, which will improve agility, resilience, and realize benefits: Challenging basic business assumptions can help identify "Black Swans" and provide first-mover advantage Defining the corporate risk appetite and risk tolerances can help reduce the risk of ruin. Anticipating potential causes of failure can improve chances of survival and success through improved preparedness. Factoring in velocity and momentum can improve speed of response and recovery. Verifying sources and the reliability of information can improve insights for decision making and thus decision quality. Taking a longer-term perspective can aid in identifying the potential unintended consequences of short-term decisions.

Download or read book A Short Guide to Risk Appetite written by David Hillson and published by Routledge. This book was released on 2017-03-02 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: How much risk should we take? A Short Guide to Risk Appetite sets out to help all those who need to decide how much risk can be taken in a particular risky and important situation. David Hillson and Ruth Murray-Webster introduce the RARA Model to explain the complementary and central roles of Risk Appetite and Risk Attitude, and along the way they show how other risk-related concepts fit in. Risk thresholds are the external expression of inherent risk appetite, and the challenge is how to set the right thresholds. By progressively deconstructing the RARA Model, the authors show that the essential control step is our ability to choose an appropriate risk attitude. The book contains practical guidance to setting risk thresholds that take proper account of the influences of organisational risk culture and the individual risk preferences of key stakeholders. Alongside this, individuals and organisations need to choose the risk attitude that will optimise their chances of achieving the desired objectives.

Download or read book The AMA Handbook of Project Management written by Paul C. Dinsmore and published by AMACOM. This book was released on 2014-06-12 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: A must-read for any project management professional or student. Projects are the life blood of any organization. Revised to reflect the latest changes to A Guide to the Project Management Body of Knowledge (PMBOK(R)) and the Project Management Professional Exam(R), the fourth edition of The AMA Handbook of Project Management provides readers with a clear overview of a complex discipline. Covering everything from individual projects to programs and strategic alignment, it addresses: Project initiation and planning Communication and interpersonal skills Scheduling, budgeting and meeting business objectives Managing political and resource issues Implementing a PMO Measuring value and competencies. The book compiles essays and advice from the field's top professionals and features new chapters on stakeholder management, agile project management, program management, project governance, knowledge management, and more. Updated with fresh examples, case studies and solutions to specific project management dilemmas, it remains an essential reference to the critical concepts and theories all project managers must master.

Download or read book Fundamentals of Risk Management for Process Industry Engineers written by Maureen Hassall and published by Elsevier. This book was released on 2023-04-19 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fundamentals of Risk Management for Process Industry Engineers outlines foundational principles of human-centered, sociotechnical risk management, and how they can be applied to deliver real improvements in risk identification, understanding, analysis, control, communication, and governance. To maximize sustainable competitiveness requires the identification and optimization of the range of risks that can impact a business. Hence, understanding the foundational principles of sociotechnical risk management is required to design and execute effective risk identification, optimization, and management strategies. Covers the foundations of risk management Explains how risk management and professional engineering practice are interrelated Describes the role and importance of humans in risk management activities Discusses the fundamentals surrounding how to identify, assess, treat, monitor, and review risks in high hazard industries Presents the range of operational risks faced by process companies, including safety and health, environmental and social risk, project risk, and supply chain risk

Download or read book Creating and Sustaining Competitive Advantage written by Chandra S. Mishra and published by Springer. This book was released on 2017-06-13 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a unified framework to explain the phenomena of competitive advantage and firm value creation in dynamic environments. Through a new strategic value creation theory, it explores how a firm can measure and sustain its competitive advantage through management incentives, capital market forces, organizational culture and structure, and social complexity. It also considers how management can utilize their resources and capabilities, shadow options, product market forces, customer needs, and organizational learning as a means to differentiate them from the competition. With an innovative approach to theory and research, it will be positioned to inform both scholars and practitioners in management, business strategy, and entrepreneurship on the process of competitive and sustainable value creation.

Download or read book Value Management written by Mr Adam J Davies and published by Gower Publishing, Ltd.. This book was released on 2012-09-28 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Change programmes in both private and public sectors have a poor record of delivering their intended value. The reasons given most often for their failure include lack of executive support or buy-in from key users, loose requirements definition, weak programme management, and plain wishful thinking. They rarely include technical limitations. Value Management puts forward the view that the true problem lies in failing to understand the causal links between the intended stakeholder outcomes and the actual programme outputs. Repeating the pattern of failure can be avoided by asking two questions: – Before implementation, what capabilities must a change programme deliver, when and in what order so as to cause intended value against a defined purpose with speed and certainty? – During and after implementation, what minor adjustments and/or major shifts are needed to be certain that the programme remains on purpose and on value? and two answers to be given: – Target, time and align change programmes to deliver maximum intended value to stakeholders - the baseline business case – track and respond to changes during and beyond implementation to ensure that the programme actually delivers or exceeds intended value - value realisation. The authors show how, by asking and answering these questions, direction and delivery of any programme can be clarified and greater economic value achieved.

Download or read book Effective Implementation of Management Systems written by Jan Kopia and published by Springer. This book was released on 2019-05-16 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Jan Kopia assesses the problems of the evaluation of integrated management systems. Current scientific research results and its practicality within organizations are presented. This includes aspects of organizational performance and its measurement comprising its shift from purely financially measured methods to multidimensional approaches. Practical solutions for the evaluation of management systems are suggested, which show the strategic relevance of management systems and its influence on process performance. The presented evaluation model offers an extended use of the balanced scorecard together with the strategic map-process, the execution premium and the plan-do-check-act-cycle of management systems providing an approach for scientists and practitioners to use and extend it.

Download or read book Making Risky and Important Decisions written by Ruth Murray-Webster and published by CRC Press. This book was released on 2021-06-11 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical insight to leaders who need to make good decisions in risky and important situations. The authors describe a process for making risk-intelligent decisions, explaining complex ideas simply, and mapping a route through the myriad interrelated influences when groups make decisions that matter. The approach puts the decision maker—you—at the center and explains how you can think and act differently to make better decisions more of the time. The book shows how to Determine the appropriate level of risk Make decisions in uncertain and turbulent conditions Understand how risks are perceived to identify them accurately Develop new behaviors to improve decision-making Making Risky and Important Decisions: A Leader’s Guide builds on earlier ground-breaking publications from these two recognized thought leaders. Their first book together, Understanding and Managing Risk Attitude, brought together the language of risk and risk-taking with the language of emotional intelligence and emotional literacy. Managing Group Risk Attitude followed, and focused on decision-making groups, creating new insights and frameworks. Both books are positioned as specialist textbooks, despite their relevance to real-world situations. A Short Guide to Risk Appetite brought together the concepts of risk appetite and risk attitude into one place for the first time, cutting through confusing terminology and confused thinking to create a practical way of understanding "how much risk is too much risk." This latest installment from Ruth Murray-Webster and David Hillson takes the breadth of their previous work, adds new insights and thinking, and distills it into a highly usable guide for hard-pressed leaders.