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Risk Management: Tricks of the Trade for Project managers

Source: www.maxwideman.com
Topic: Risk Management

Sort Desciption: sequence of Risk Management Planning; Risk Identification; ... The process of project risk management that Rita describes in her book is well integrated ...

Content Inside: 3/5/04 AEW Services Vancouver BC 2004 Email: max_wideman@sfu.ca Risk Management: Tricks of the Trade for Project managers By Rita Mulcahy PMP (A book review by R. Max Wideman) Publisher RMC Publications Minnesota. Web: www.rmcproject.com Email: info@rmcproject.com Introduction Every now and then it is nice to come across a book that really is packed full of practical and useful advice that you can use on projects. That distinguishes this book from those of authors who just talk about good or new ideas but you have to figure out for yourself how to apply them! Indeed as Rita observes: "In country after country standard project management practices focus on risk management. Yet in reality most project managers and those that work on projects ignore risks by doing nothing about them After years of working with thousands of project managers from around the world this book has been written to fill a substantial gap in international risk management knowledge. It will also attempt to correct common errors flagrantly noted and taken as fact in poorly documented articles and project management literature." 1 Amen to that! Rita is perhaps best known for her PMP Exam Prep materials for the Project Management Institute's ("PMI") PMP certification program. However according to her biography she has "over 15 years and $2.5 billion of hands-on project experience on hundreds of IS IT new product high-tech service engineering construction and manufacturing projects." Billion? In 15 years? "Hands-on"? As a consultant? That sounds like a bit of a stretch but we get the general idea. Book structure The structure of the book is straightforward. Successive chapters are devoted to PMI's published sequence of Risk Management Planning; Risk Identification; Qualitative Risk analysis; Quantitative Risk analysis; Risk Response Planning; and Risk Monitoring and Control. These chapters are preceded by a PMP certification look-alike test ...

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