Contents
CHAPTER 1: Why Project Risk Management?
The Doomed Project • Risk • Benefits and Uses of Risk Data • The Project Risk Management Process • Anatomy of a Failed Project: The First Panama Canal Project
CHAPTER 2: Planning for Risk Management
Project Selection • Overall Project Planning Processes • Defining Risk Management for the Project • The PERIL Database • A Second Panama Canal Project: Sponsorship and Initiation (1902–1904)
CHAPTER 3: Identifying Project Scope Risk
Sources of Scope Risk • Defining Deliverables • High-Level Risk Assessment Tools • Setting Limits • Work Breakdown Structure (WBS) • Other Scope-Related Risks • Documenting the Risks • Panama Canal: Setting the Objective (1905–1906)
CHAPTER 4: Identifying Project Schedule Risk
Sources of Schedule Risk • Activity Definition • Estimating Activity Duration • Activity Sequencing • Documenting the Risks • Panama Canal: Planning (1905–1907)
CHAPTER 5: Identifying Project Resource Risk
Sources of Resource Risk • Resource Planning • Staff Acquisition • Outsourcing • Project-Level Estimates • Cost Estimating and Cost Budgeting • Documenting the Risks • Panama Canal: Resources (1905–1907)
CHAPTER 6: Managing Project Constraints and Documenting Risks
Analyzing Constraints • Managing Opportunities • Scope Modification • Resource Modification • Schedule Modification • Assessing Options and Updating Plans • Seeking Missing Risks • Documenting the Risks • Panama Canal: Improving the Plan (1906)
CHAPTER 7: Quantifying and Analyzing Activity Risks
Quantitative and Qualitative Risk Analysis • Risk Probability • Risk Impact • Qualitative Risk Assessment • Quantitative Risk Assessment • Panama Canal: Risks (1906–1914)
CHAPTER 8: Managing Activity Risks
Root-Cause Analysis • Categories of Risk • Risk Response Planning • Risk Avoidance • Risk Mitigation • Risk Transfer • Implementing Preventative Ideas • Contingency Planning • Risk Acceptance • Documenting Your Risk Plans • Managing a Specific Risk • Panama Canal: Risk Plans (1906–1914)
CHAPTER 9: Quantifying and Analyzing Project Risk
Project-Level Risk • Aggregating Risk Responses • Questionnaires and Surveys • Project Simulation and Modeling • Analysis of Scale • Project Appraisal • Project Metrics • Financial Metrics • Panama Canal: Overall Risks (1907)
CHAPTER 10: Managing Project Risk
Project Documentation Requirements • Project Start-Up • Selecting and Implementing Project Metrics • Management Reserve • Project Baseline Negotiation • Project Plan Validation • Specification Change Management • Panama Canal: Adjusting the Objective (1907)
CHAPTER 11: Monitoring and Controlling Risky Projects
Don’t Panic • Applying the Plan • Project Monitoring • Collecting Project Status • Metrics and Trend Analysis • Responding to Issues • Communication • Project Archive • Project Reviews and Risk Reassessment • Taking Over a Troubled Project • Panama Canal: Risk-Based Replanning (1908)
Project Closure • Project Retrospective Analysis • Panama Canal: Completion (1914)
CHAPTER 13: Program, Portfolio, and Enterprise Risk Management
Project Risk Management in Context • Program Risk Management • Portfolio Risk Management • Enterprise Risk Management • Panama Canal: Over the Years