Solving for Project Risk Management: Understanding the Critical Role of Uncertainty in Project Management...

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Christian B. Smart Christian Smart

Solving for Project Risk Management

Understanding the Critical Role of Uncertainty in Project Management

Christian B. Smart, Christian Smart

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Hardback

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English

McGraw-Hill Education
22 October 2020

Business strategy; Project management; Production & quality control management

Risk is real—but you can manage it with this hard-hitting guide to reducing risk on any project, in any industry

All projects, large and small, are subject to various risks. But the failure to manage inherent risk with diligence and know-how can lead to devastating consequences for an organization. In this comprehensive hands-on guide, a renowned expert in the field provides everything organizations need to conduct project risk management the right way.

Why do so many projects come in over schedule and over budget? How do projected expenditures and schedules line up with reality? How can you accurately assess risk to mitigate financial disaster? Through a methodical, statistics-based approach, Christian B. Smart reveals:

The enduring problem of cost and schedule growth How rigorous project risk management can reduce the impact of uncertainty The systematic tendency to underestimate risk—and how to avoid it Ways to accurately assess confidence levels in project risk management The need for proper risk management at the portfolio level

The author lays out common problems and explains how to effectively solve them. And while he employs a wealth of illustrative charts, graphs, and statistics, he presents the material in an accessible style, and peppers the text with powerful personal anecdotes.

Ideal for project managers, business analysts, and senior decision makers in both the public and private sectors, Solving for Project Risk Management offers everything you need to ensure your projects run smoothly, on budget, and deliver the expected outcomes.

By: Christian B. Smart, Christian Smart
Imprint: McGraw-Hill Education
Country of Publication: United States
Weight: 535g
ISBN: 9781260473834
ISBN 10: 126047383X
Pages: 320
Publication Date: 22 October 2020
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Christian B. Smart is the Chief Data Scientist with Galorath Federal, a leading international supplier of parametric cost models and data analytics consulting services. He supports NASA and the Department of Defense in the application of analytics for cutting-edge programs, including nuclear propulsion and hypersonic weapon systems. Smart led the development of a quantitative cost risk analysis capability for the NASA/Air Force Cost Model, conducted joint cost and schedule risk analysis for NASA, and participated in the development of a probabilistic risk analysis for the Space Shuttle.