Identifying and Managing Project Risk: Difference between revisions

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{{short description|2003 book by Tom Kendrick}}

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{{Notability|Books|date=July 2009}}

{{Infobox book |

| name = Identifying and Managing Project Risk

| image = Identifying and Managing Project Risk (bookcover).jpg

| size = 200

| border = yes

| caption = Hardcover edition (2009)

| author = Tom Kendrick

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| genre = [[Business]], [[Project Management]], [[Risk Management]]

| publisher = American Management Association

| release_datepub_date = 25 April 2003

| media_type = Print ([[Hardcover]])

| pages = 335 pp.

| isbn = 0-8144-0761-7

| dewey = 658.4/04 21

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}}

'''''Identifying and Managing Project Risk''''' by [[Tom Kendrick]] is a book about identifying and managing risks on projects. It was published on April 25, 2003 by American Management Association. The book is geared to be used by a junior [[project manager|Project Manager]] and Kendrick aligns the chapters of the Book to the [[ProjectAmerican Management InstituteAssociation]]'s (PMI) [[Project Management Body of Knowledge|Guide to the Project Management Body of Knowledge]], (PMBOK) 2000 edition.

That being said, there is a newer edition (2009) of this book, with significant modifications that bring it up to date with the current PMBOK. Much of this article no longer applies.

This text is designed to be used as a supplemental source of information when studying for the [[Project Management Professional]] (PMP) certification exam.

== Overview ==

Kendrick's coverage of [[risk]], and more prominently [[uncertainty]], is complete in a general fashion focusing a majority of his discussion on risk in projects due to poor planning and [[change management]] processes.

He uses a collection of project elements from various projects his clients have conducted. He uses this data, Project Experience Risk Information Library (PERIL) database, to quantify and rank classes of risk. In the early part of his book he uses this significantly and the Appendix lists approximately 120 of the element's descriptions.

The book is structured to follow the PMBOK stages of a project &mdash; initiation, planning, controlling, executing and closure. Each chapter discusses a set of concepts and concludes with a bulleted "Key Ideas" section and an anecdote from the two attempts to construct the Panama Canal.

==Reception==

Critical reception has been positive.<ref>{{cite journal|last1=Straker|first1=David|title=Main content area Identifying and Managing Project Risk (review)|journal=Quality Progress|date=2004|volume=37|issue=6|page=97|id={{ProQuest|214761752}}}}</ref><ref>{{cite journal|last1=Nalewaik|first1=Alexia|title=Identifying and Managing Project Risk (review)|journal=Cost Engineering|date=2003|volume=45|issue=12|page=25|id={{ProQuest|220449584}}}}</ref> ''[[Strategic Finance]]'' reviewed the book's third edition, praising it as "a great resource for new and experienced project managers because it reflects the most recent changes to the Guide to the [[Project Management Body of Knowledge]] (PMBOK® Guide) from the [[Project Management Institute]]."<ref>{{cite web|last1=Leist|first1=Ryan|title=BOOK REVIEW: PROJECT RISK PLANNING|work=Strategic Finance |url=http://sfmagazine.com/post-entry/september-2015-book-review-project-risk-planning/|accessdate=18 October 2015}}</ref> ''The Quality Management Journal'' also wrote a favorable review for the work, which they felt was "insightful".<ref>{{cite journal|last1=Kohnen|first1=James B|title=Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project (review)|journal=The Quality Management Journal|date=2004|volume=11|issue=2|pages=54–55|id={{ProQuest|213611973}}|doi=10.1080/10686967.2004.11919113}}</ref>

== References ==

{{reflist}}

{{Unreferenced|date=March 2009}}

== Further reading ==

* Lam, J., ''Enterprise Risk Management: From Incentives to Controls'' (2003). Wiley; 1 edition, ISBN 0-471-43000-5

* Peter Simon and David Hillson, ''Practical Risk Management: The ATOM Methodology'' (2012). Management Concepts. Vienna, VA, ISBN 978-1567263664

* Lev Virine and Michael Trumper, ''Project Decisions: The Art and Science'' (2007). Management Concepts. Vienna, VA, ISBN 978-1-56726-217-9

* Lev Virine and Michael Trumper, ''ProjectThink: Why Good Managers Make Poor Project Choices '' (2013). Gower Pub Co, ISBN 978-1409454984

* Wideman, R.M. ''Project and Program Risk Management'' (1992). Newtown Square, PA: Project Management Institute. ISBN 978-1-880410-06-6

[[Category:Project management]]

[[Category:2004 non-fiction books]]

[[Category:Management books]]

[[Category:Business books]]

[[Category:Risk management]]