Identifying and Managing Project Risk – A Book Review
Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project, Third Edition, is the latest edition of a PMI award-winning book. As the title suggests, it is a practical book that aims to prepare and educate readers from surprises while managing and completing a project successfully. Inherently, all projects have risks. This book presents risk management process, methods, and tools that will help the practitioner identify potential risks, analyze and control them, as well as plan for responses. In addition, there are also discussion about program risk management, simulation and modeling, and more.
The third edition hardcover measures 6.1 in. wide, 1.5 in. thick, and 9.1 in. tall. It ships about 1.8 pounds. The book has 400 pages, 14 chapters and an appendix. Paperback and Kindle formats are also available. This third edition was published in March 2015 by AMACOM Books, available in English. ISBN-10: 0814436080; ISBN-13: 978-0814436080
Identifying and Managing Project Risk is for project managers regardless of industry they belong. These professionals are tasked to plan, execute, control and successfully deliver projects, sometimes complex ones, to the satisfaction of stakeholders. The book is valuable to all levels of project professionals, whether new with their jobs, or experts in their industries. This guide is also helpful to professionals preparing to take PMP and PMI-RMP certifications. The book can provide additional reference. The book can also be used for university courses and training.
What Customers Say
Customer isrrael (Amazon) stated that the author did a great job of making the topic of project risk interesting. Comparing it to other books, the reader describes it as one of the better books. Also, there are many references to real-world scenarios and latest examples.
Alvarez (Amazon) also mentioned the book’s good coverage of the topic. He described it as complete, well structured, and easy to understand. He also notes that although the topic is not simple, and that the book can be a bit academic at times, the book covered the topic well.
Steve P (Amazon) described himself as a university professor who recommends the book as his primary textbook for teaching an undergraduate course in risk management. He describes it as comprehensive, current and readily understandable for his students.
Content, Approach, Style
Content: Identifying and Managing Project Risk aims to help today’s project professionals handle more complex projects by discussing processes, methods and tools that can safely identify and effectively manage constraints and challenges. This is done through the detailed discussion of techniques as well as real-world, current examples and how to apply ideas presented in the book. The first half of the book focuses on risk identification, while the remainder focuses on assessment and management of risk.
Approach/Tone: The author defines concepts early on, and builds discussions and details from earlier concepts. Also, the concept of learning from the past and developing good practices from experience are consistent throughout the book.
Style: The text are written in paragraphs of readable length, with several bulleted lists, and with accompanying illustrations such as graphs, charts and other figures. All these help in conveying the idea. Moreover, the topics are well identified, separated or structured for a smooth presentation that is not difficult to follow.
Why Buy the Book
Identifying and Managing Project Risk is a good reference for project risk management. For practitioners, it has comprehensive coverage of the topic. In addition, it has a great number of situational examples that are relevant and provides practical knowledge. Professionals that are specializing in risk management can use the book as a handy reference, and it may be valuable for their certification preparation. Students can readily understand the presentation and content of the book, while teachers and trainers can have this additional text that they can recommend. Furthermore, the book contains decent documentation of the Project Experience Risk Information Library (PERIL) database, too.
Tom Kendrick, PMP, at present is the Program Director of the Project Management Curriculum at the University of California, Berkely Extension, which is the continuing education branch of UC Berkeley. Tom received his BSEE at Princeton University, his MSEE, Systems Engineering at University of Pennsylvania, and MBA, Finance at The Wharton School of the University of Pennsylvania. He has been an educator at various universities for more than 14 years, and has served in various PM positions in the industry for many years including at HP, Dupont, VISA, and others as well as an independent consultant. Tom also has served the PMI as volunteer and has received the David Cleland Literature Award for a previous edition of this book.