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Managing Project Risk and Uncertainty: A Constructively Simple Approach to
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Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making Hardcover - 2002 - 1st Edition

by Chris Chapman; Stephen Ward


From the jacket flap

Rigorously grounded conceptually but developed to meet practical concerns, this book underpins and extends the scope and power of current approaches to the management of risk and uncertainty in projects and related operational and strategic management decision making.

Ten tales, based on real cases, explore a range of project related problems, including: cost estimation, pricing competitive bids, risk allocation and incentive contract design, evaluation of threats and opportunities, buffer management in a supply chain, investment appraisal, portfolio management, and strategy formulation. Each tale provides practical guidance on achieving effective and efficient uncertainty management through simple analysis and discussion of emergent issues.

Using a 'constructively simple' approach to model building and the associated decision support processes, the authors show the reader how to take the guesswork out of managing risk and uncertainty. Keeping formal analysis simple, without being simplistic, and adding complexity only when it facilitates additional insights, they provide a framework for 'constructive simplicity' which can be used to enhance risk and uncertainty management in any area of managerial decision making, whether in a project, operational, or strategic context.

Details

  • Title Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making
  • Author Chris Chapman; Stephen Ward
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 512
  • Volumes 1
  • Language ENG
  • Publisher Wiley
  • Date 2002-10-11
  • Illustrated Yes
  • Features Bibliography, Dust Cover, Illustrated, Index, Table of Contents
  • ISBN 9780470847909 / 0470847905
  • Weight 2.03 lbs (0.92 kg)
  • Dimensions 9.32 x 5.9 x 1.33 in (23.67 x 14.99 x 3.38 cm)
  • Library of Congress subjects Risk management, Project management - Decision making
  • Library of Congress Catalog Number 2002512504
  • Dewey Decimal Code 658.403

About the author

CHRIS CHAPMAN is a Professor of Management Science in the School of Management of the University of Southampton. He was the founding chair of the Association for Project Management Specific Interest Group on Project Risk Management. He is a past president of the Operational Research Society and the current chair of the Committee of Professors in Operational Research. He is an Honorary Fellow of the Institute of Actuaries.
For more than 25 years his research interest has focused on risk and uncertainty management. Much of his research is consultancy based, giving him a broad spectrum of practical experience across a wide range of organizations, which he combines with a thorough conceptual understanding from which to write. He has authored and co-authored six books and more than 50 refereed papers. His books include Management for Engineers (Wiley 1987), Risk Analysis for Large Projects: Models, Methods and Cases (Wiley 1987) and Project Risk Management: Processes, Techniques and Insights (Wiley, 1997).

STEPHEN WARD is a Senior Lecturer in the School of Management of the University of Southampton. He too combines his academic role with consultancy projects, and has published widely, including contributions to Management for Engineers (Wiley 1987) and joint authorship of Project Risk Management: Processes, Techniques and Insights (Wiley, 1997). He is the founding director of Southampton's MSc in Risk Management.

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Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making

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