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Author : RAYDUGIN.
Publisher :
ISBN 13 : 9780191879883
Total Pages : pages
Book Rating : 4.8/5 (798 download)
Download or read book MODERN RISK QUANTIFICATION IN COMPLEX PROJECTS written by RAYDUGIN. and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yuri G. Raydugin
Publisher : Oxford University Press, USA
ISBN 13 : 0198844336
Total Pages : 375 pages
Book Rating : 4.1/5 (988 download)
Download or read book Modern Risk Quantification in Complex Projects written by Yuri G. Raydugin and published by Oxford University Press, USA. This book was released on 2020-07-23 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project practitioners and decision makers complain that both parametric and Monte Carlo methods fail to produce accurate project duration and cost contingencies in the majority of cases. Apparently, these methods have unacceptably high systematic errors as they miss out critically important components of project risk exposure. In the case of complex projects, the components associated with structural and delivery complexity are often overlooked. Modern Risk Quantification in Complex Projects: Non-linear Monte Carlo and System Dynamics Methodologies zeroes in on the most crucial but systematically overlooked characteristics of complex projects. Any mismatches between two fundamental interacting subsystems - a project structure subsystem and a project delivery subsystem - result in non-linear interactions of project risks. Three kinds of the interactions are distinguished - internal risk amplifications stemming from long-term ('chronic') project system issues, knock-on interactions, and risk compounding. Affinities of interacting risks compose dynamic risk patterns supported by a project system. A new methodology to factor the patterns into Monte Carlo modelling referred to as "non-linear Monte Carlo schedule and cost risk analysis" (N-SCRA) is developed and demonstrated. It is capable of forecasting project outcomes with high accuracy even in the case of most complex and difficult projects, including notorious projects-outliers, and it has a much lower rate of systematic error. In this book, the power of project system dynamics is uncovered. It can be adopted as an accurate risk quantification methodology in complex projects, and the results produced by the system dynamics and the non-linear Monte Carlo methodologies are well-aligned. All built Monte Carlo and system dynamics models are available on the book's companion website.
Author : Yuri G. Raydugin
Publisher : Springer
ISBN 13 : 9783031569876
Total Pages : 0 pages
Book Rating : 4.5/5 (698 download)
Download or read book Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty written by Yuri G. Raydugin and published by Springer. This book was released on 2024-05-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project risk management (PRM), complexity theory, and decision-making under deep uncertainty (DMDU). Readers will appreciate that in practice, too often relevant complexity and uncertainty factors are either ignored or overlooked resulting in epic project failures. The author discusses a variety of methodologies and a decision-tree-type framework to determine why, when and how particular methodologies should be applied to ensure project success. These include nonlinear Monte Carlo techniques, a dynamic adaptive methodology to adapt to external environment changes, game theory for devising robust decision-making criteria, systems dynamics and cost escalation modelling, as well as risk-based & economic-based alternatives selection methodologies. This book will be an eye-opener for many PRM practitioners, helping to increase their chances of project success by properly handling inescapable project-complexity and deep-uncertainty implications in specific contexts.
Author : Vajjhala, Narasimha Rao
Publisher : IGI Global
ISBN 13 : 1668452812
Total Pages : 356 pages
Book Rating : 4.6/5 (684 download)
Download or read book Global Risk and Contingency Management Research in Times of Crisis written by Vajjhala, Narasimha Rao and published by IGI Global. This book was released on 2022-06-24 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risks can be identified, evaluated, and mitigated, but the underlying uncertainty remains elusive. Risk is present across all industries and sectors. As a result, organizations and governments worldwide are currently experiencing higher levels of risk and have had to make risky decisions during times of crisis and instability, including the COVID-19 pandemic, economic and climate perils, and global tensions surrounding terrorism. It is essential that new studies are undertaken to understand strategies taken during these times to better equip business leaders to navigate risk management in the future. Global Risk and Contingency Management Research in Times of Crisis examines the impact of crises including the COVID-19 pandemic, which has tested organizational risk and contingency management plans. It provides significant insights that should benefit business leaders on risk and contingency management in times of crisis. It emphasizes strategies that leaders can undertake to identify potential future risks and examines decisions made in past crises that can act as examples of what to do and what not to do during future crisis events. Covering topics such as auditing theories, risk assessment, and educational inequality, this premier reference source is a crucial resource for business leaders, executives, managers, decision makers, policymakers, students, government officials, entrepreneurs, librarians, researchers, and academicians.
Author : Franco Caron
Publisher : Springer Science & Business Media
ISBN 13 : 8847052440
Total Pages : 88 pages
Book Rating : 4.8/5 (47 download)
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 88 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.
Author : Tom Kendrick
Publisher : AMACOM
ISBN 13 : 0814413412
Total Pages : 370 pages
Book Rating : 4.8/5 (144 download)
Download or read book Identifying and Managing Project Risk written by Tom Kendrick and published by AMACOM. This book was released on 2009-02-27 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.
Author : Raydugin, Yuri
Publisher : IGI Global
ISBN 13 : 152251791X
Total Pages : 504 pages
Book Rating : 4.5/5 (225 download)
Download or read book Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management written by Raydugin, Yuri and published by IGI Global. This book was released on 2016-11-29 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proper understanding and managing of project risks and uncertainties is crucial to any organization. It is of paramount importance at all phases of project development and execution to avoid poor project results from meager economics, overspending, reputation and environmental damage, and even loss of life. The Handbook of Research on Leveraging Risk and Uncertainties for Effective Project Management is a comprehensive reference source for emerging perspectives of managing risks associated with the execution and development of projects. Highlighting innovative coverage written by top industry specialists, such as complexity theory, psychological bias and risk management fallacies, probabilistic risk analysis, and various aspects of project decision making, this book is ideally designed for project and risk managers, project engineers, cost estimators, schedulers, safety and environmental protection specialists, corporate planners, financial and insurance specialists, corporate decision makers, as well as academics and lecturers working in the area of project management and students pursing PMP, PMI-RMP, ISO 31000, etc. certification.
Author : Glenn Robert Koller
Publisher : J. Ross Publishing
ISBN 13 : 9781932159523
Total Pages : 300 pages
Book Rating : 4.1/5 (595 download)
Download or read book Modern Corporate Risk Management written by Glenn Robert Koller and published by J. Ross Publishing. This book was released on 2007-03-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work offers forward-thinking, practical solutions to the technical, organizational, cultural, and political problems related to corporate portfolio risk management and to realizing the changes needed to become effective including, but not limited to, a company's many programs and portfolios of projects.
Author : Dr David Hillson
Publisher : Gower Publishing, Ltd.
ISBN 13 : 1409458539
Total Pages : 132 pages
Book Rating : 4.4/5 (94 download)
Download or read book Managing Risk in Projects written by Dr David Hillson and published by Gower Publishing, Ltd.. This book was released on 2012-09-28 with total page 132 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.
Author : Rokhsaneh Rahbarianyazd , Editor
Publisher : Cinius Yayınları
ISBN 13 : 6257472385
Total Pages : 297 pages
Book Rating : 4.2/5 (574 download)
Download or read book Contemporary Approaches in Urbanism and Heritage Studies written by Rokhsaneh Rahbarianyazd , Editor and published by Cinius Yayınları. This book was released on 2021-08-01 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an intellectuaJ discourse and a concise compendium of current research in Architecture and Urbanism. Primarily, it is a book of readings of 24 chapters. The book brings together theories, manifestos and methodologies on contemporary architecture and urbanism to raise the understanding tor the futu re of architectur and urban planning. Ovcrall, the book aimed to establislı a bıidge between theory and practice in the built environment. Thus. it reports on the lalesi research fındings and innovative approaches. methodologies for creating, assessing. and understanding of contemporary built environment.
Author : Prince Boateng
Publisher : Emerald Group Publishing
ISBN 13 : 178635831X
Total Pages : 371 pages
Book Rating : 4.7/5 (863 download)
Download or read book Megaproject Risk Analysis and Simulation written by Prince Boateng and published by Emerald Group Publishing. This book was released on 2017-04-28 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.
Author : John McManus
Publisher : Routledge
ISBN 13 : 1136367918
Total Pages : 192 pages
Book Rating : 4.1/5 (363 download)
Download or read book Risk Management in Software Development Projects written by John McManus and published by Routledge. This book was released on 2012-06-25 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Very few software projects are completed on time, on budget, and to their original specification causing the global IT software industry to lose billions each year in project overruns and reworking software. Research supports that projects usually fail because of management mistakes rather than technical mistakes. Risk Management in Software Development Projects focuses on what the practitioner needs to know about risk in the pursuit of delivering software projects. Risk Management in Software Development Projects will help all practicing IT Project Managers and IT Managers understand: * Key components of the risk management process * Current processes and best practices for software risk identification * Techniques of risk analysis * Risk Planning * Management processes and be able to develop the process for various organizations
Author : Ivan Damnjanovic
Publisher :
ISBN 13 : 9783030142520
Total Pages : 379 pages
Book Rating : 4.1/5 (425 download)
Download or read book Data Analytics for Engineering and Construction Project Risk Management written by Ivan Damnjanovic and published by . This book was released on 2020 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts' judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution.
Author : Dale Cooper
Publisher : Wiley
ISBN 13 : 9780470022818
Total Pages : 0 pages
Book Rating : 4.0/5 (228 download)
Download or read book Project Risk Management Guidelines written by Dale Cooper and published by Wiley. This book was released on 2004-11-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Shweta Sharma
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 3659556696
Total Pages : 94 pages
Book Rating : 4.6/5 (595 download)
Download or read book Impact of recession on freight transport of UK written by Shweta Sharma and published by LAP Lambert Academic Publishing. This book was released on 2014-06-11 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: An interesting study of risk identification related to the recent recession which hit UK in the third quarter of 2008.Recession not only accentuated certain risks already existing in freight transport in the past but also led to the emergence of new ones during and post-recession. This research is thus an attempt to identify and assess the risks faced by freight companies during recession and suggest mitigation strategies to deal with such risks in future. The study reveals that risks related to recession will become more intense in future, however preparedness and tested mitigation strategies can help to lessen or nullify their impact on freight companies.
Author : Dr David Hulett
Publisher : Gower Publishing, Ltd.
ISBN 13 : 1409459101
Total Pages : 241 pages
Book Rating : 4.4/5 (94 download)
Download or read book Integrated Cost-Schedule Risk Analysis written by Dr David Hulett and published by Gower Publishing, Ltd.. This book was released on 2012-09-28 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project managers tend to believe their cost estimates - whether they have exceeded budgets in the past or not. It is dangerous to accept the engineering cost estimates, which are often optimistic or unrealistic. Though cost estimates incorporate contingency reserves below-the-line, these estimates of reserves often do not benefit from a rigorous assessment of risk to project costs. Risks to cost come from multiple sources including uncertain project duration, which is often ignored in cost risk analyses. In short, experience shows that cost estimating on projects is rarely successful - cost overruns routinely occur. There are effective ways to estimate the impact on the cost of complex projects from project risks of all types, including traditional cost-type risks and the indirect but often substantial impact from risks usually thought of as affecting project schedules. Integrated cost-schedule risk anlaysis helps us determine how likely the project will go over budget with the current plan, how much contingency reserve is required to achieve a desired level of certainty, and which risks are most important so the project manager can mitigate them and achieve a better result. Integrated Cost-Schedule Risk Analysis provides solutions for these and other challenges. This book follows on from David Hulett's highly-praised Practical Schedule Risk Analysis. It focuses on the way that schedule risk can generate cost risk, and how to handle this relationship. It also applies the Risk Driver Method to the analysis so that you can clearly and transparently identify the key risks, rather than just the most risky cost line items. With detailed worked examples and over 70 illustrations, Integrated Cost-Schedule Risk Analysis offers the definitive guide to this critically important aspect of project management from surely the world's leading commentator.
Author : K.A. Artto
Publisher : Taylor & Francis
ISBN 13 : 1135274215
Total Pages : 389 pages
Book Rating : 4.1/5 (352 download)
Download or read book Managing Risks in Projects written by K.A. Artto and published by Taylor & Francis. This book was released on 2013-02-01 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Risks in Projects presents the latest skills, techniques, knowledge and experience of managing risks in projects from the leading worldwide experts. Many different types of projects are addressed spanning development, software, re-engineering, engineering and construction.
