Risk Management Guidelines for Large Projects and Complex Procurements: Managing Risk in Large Projects and Complex Procurements - Hardcover

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.

Managing risk is important to the success of any project. In large-scale or complex situations it becomes critical.

This book focuses on principles, practices and techniques for effective risk management in complex and large-scale projects and procurements. Chapter by chapter, the authors present simple, practical steps and illustrate them with examples drawn from their extensive experience across different countries, sectors, cultures and project phases. Qualitative and quantitative approaches are covered. As well as traditional structures and processes, they also discuss new developments in the way projects are conducted, such as outsourcing arrangements and risk-sharing structures like public-private partnerships.

Undertaking risk management and applying its techniques can lead to improved outcomes by capturing opportunities and reducing risk exposure. Unique in its focus and featuring a wealth of checklists, tables and other resources, this book will prove an essential and enduring tool for anyone involved with project work.