Editorial Review:
There's a good reason project risk management is one of the most vital of the nine content areas of the Project Management Body of Knowledge (TM). Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. It's no wonder that project managers are increasingly focusing their attention on risk identification. Identifying and Managing Project Risk is a practical guide to minimizing the possibility of failure in critical projects. The book takes readers step by step through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Relevant figures and diagrams support the text and illustrate key scenarios. At the end of each chapter is an analysis of how the principles just discussed applied to a supreme example of what many once considered a truly impossible project: the building of the Panama Canal. Packed with real-world information, this book is essential reading for any project manager seeking to complete projects smoothly and successfully.
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Customer Reviews
Average Customer Rating: 
The Definitive Book on Risk for Project Managers 2008-09-04
Having purchased close to a thousand copies of this book is an indicator of how much I value it's contents. I regularly teach project risk management and this is the text provided to supplement the course. It is an easy read and provides practical, implementable guidance.
The Risk Questionaaire provided is a valuable framework that can be easily tailored to your organization.
This book should be a part of every project managers library.
Dr. James T. Brown PMP PE CSP
Author - The Handbook of Program Management
In search of good books on managing project risks  2008-06-03
This book provides an overview on how to manage certain types of project risks (some risks are not covered, e.g. financial) and, implicitly, only IT projects and not other types of projects (e.g. construction). Like many books on this topic, the treatment is uneven. The strengths are its logical structure and clear exposition. I knocked off 2 stars because a) there is a disconnect between the text (mostly IT-related) and case study (building of Panama Canal), and b) neglect of contractual issues, the key instrument of risk management. This is the book for you to read if you have no idea about project risk management.
A pretty good book  2007-05-25
While I'm using this as required reading for a grad school class on Risk Management, I'd read this even if it wasn't required. Engaging for a not-so-easy subject to talk about, along with good and relevant examples. Talking about big and small projects, you get a feeling as you read that this book is for you, not just "big time companies" with mega projects.
Easy to Read 2007-05-06
The book is very well-written and easy to read. I work in a high-tech start-up company and this book was quite applicable to some of the tasks we do.
Good overview, heavy in IT & scheduling 2007-03-23
This risk management book provides a good overview of the risk management process from start to finish, and provides examples from technical projects. The text guides the reader through the three steps of risk identification, assessment, and management, and discusses the difference between macro-management of risk at a corporate or portfolio level, and micro-management of risk at the project level.
The book stresses the need for an understanding of each facet of the project in order to identify areas of risk. There is a very strong emphasis on scheduling, with many good suggestions regarding risk reduction, and the timing of risky activities during the course of the project. The information provided is largely qualitative, with some brief discussion about quantitative analysis, methods, and risk assessment tools. Some of the quantitative methods described are specifically for IT projects, with criteria such as technology, architecture, and system complexity. The material in the book relies heavily on the PMI Guide to the Project Management Body of Knowledge, 2000 edition (PMBOK).
The bulk of the book focuses on good risk management techniques, decision-making, and project planning. Management tools, such as root cause analysis, diagnostic project metrics, and financial metrics, are described in detail. The author provides the reader with a broad scope of information regarding risk management, and the book is an excellent resource for those who seek an introduction or refreshment of good project management and risk management concepts.
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