How to Manage Project Opportunity and Risk

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Since I wrote the Foreword for the second edition of this book,risk management processes have become much more widely used, butcontroversy about what should be done and how best to do it hasgrown. Managing risk is a risky business. Chapman and Ward providean in-depth explanation of why it is important to understand andmanage underlying uncertainty in all its forms, in order to realiseopportunities more fully and enhance corporate performance. Theyshow what best practice should look like. The implications go wellbeyond the conventional wisdom of project risk management,providing an enlightening new perspective. --Professor Tony M. Ridley Imperial College London, Past President, Institution of CivilEngineers Chris Chapman and Stephen Ward continue to educate theprofession with this masterful exposition of the differencesbetween, and the potentials for combinations of, risk, uncertaintyand opportunity. Particularly welcome is the way they integratethis trio into the project lifecycle - the bedrock of projectmanagement control and organization. --Peter W.G. Morris Head of School and Professor of Construction and Project ManagementUniversity College London Chris Chapman and Stephen Ward's books on Project RiskManagement have been an essential part of my repertoire for twentyyears, and they are top of my recommended reading for the courses Ido on that subject. In this book they have enhanced their previouswork to focus on uncertainty management and emphasise more stronglyopportunities for improving project performance, rather then justidentifying what can go wrong. A structured process is an essentialpart of managing project uncertainty, and their process is one ofthe most powerful. This book will be added to my repertoire. --Rodney Turner Professor of Project Management, SKEMA Business School Lille A profoundly important book. With How to Manage ProjectOpportunity and Risk, Chris Chapman and Stephen Ward take agood thing and make it better. Members of the project managementprofession have been influenced for years by their insights intoproject risk management. With this latest instalment the authorsdemonstrate that risk and uncertainty needn't be dreaded; infact, the reverse side of the 'risk coin' has alwaysbeen opportunity. My sincere appreciation to Chapman and Ward forturning this particular coin over and showing readers, academic andpractitioner alike, the opportunity embedded in managingprojects. --Jeffrey K. Pinto Andrew Morrow and Elizabeth Lee Black Chair in Management ofTechnology Sam and Irene Black School of Business, Penn StateErie

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Stephen Ward

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Business & Management Risiko-, Notfall- u. Krisenmanagement Risikomanagement Risk, Contingency & Crisis Management Wirtschaft u. Management

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