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1. PROJECTS AND RISK. <p>1.1 Engineering Projects.</p> <p>1.2 Decision Making.</p> <p>1.3 Risk Management Strategy.</p> <p>1.4 Project Planning.</p> <p>1.5 Summary.</p> <p>2. THE PROJECT ENVIRONMENT.</p> <p>2.1 Projects.</p> <p>2.2 The Project Constitution.</p> <p>2.3 Project Organisation.</p> <p>2.4 Project Phases.</p> <p>2.5 Effects of Project Phase on Risk.</p> <p>2.6 Project Appraisal.</p> <p>2.7 Summary.</p> <p>3. UNDERSTANDING THE HUMAN ASPECTS.</p> <p>3.1 Risk Management – People.</p> <p>3.2 Risk Management – Organisations.</p> <p>3.3 The Risk Management Process.</p> <p>3.4 Some Guidelines to the Risk Management Process.</p> <p>3.5 Preparing a Group for a Risk Session – Risk Identification.</p> <p>3.6 Communication.</p> <p>3.7 Summary.</p> <p>4. RISK AND VALUE MANAGEMENT.</p> <p>4.1 Introduction.</p> <p>4.2 The Standard Risk Management Model.</p> <p>4.3 Apply Risk and Value Management.</p> <p>4.4 Value Management Processes.</p> <p>4.5 Understanding the Project Risk.</p> <p>4.6 Applying Value and Risk Management.</p> <p>4.7 Iteration of the Process.</p> <p>4.8 Summary.</p> <p>5. QUALITATIVE METHODS AND SOFT SYSTEMS METHODOLOGY.</p> <p>5.1 Qualitative Risk Assessment.</p> <p>5.2 Review of Project Programmes and Budgets.</p> <p>5.3 The Risk Log.</p> <p>5.4 Using a Risk Log to Formulate Risk Management Strategy.</p> <p>5.5 Qualitative Methodologies.</p> <p>5.6 Soft Systems Methodology.</p> <p>5.7 Case Study.</p> <p>5.8 Summary.</p> <p>6. QUANTITATIVE METHODS FOR RISK MANAGEMENT.</p> <p>6.1 Sanction.</p> <p>6.2 Project Appraisal and Selection.</p> <p>6.3 Project Evaluation.</p> <p>6.4 Engineering Risks.</p> <p>6.5 Risk Management.</p> <p>6.6 Probabilistic Analysis.</p> <p>6.7 Response to Risks.</p> <p>6.8 Successful Risk Management.</p> <p>Annex.</p>

"An excellent book for practitioners, academics and students with an interest in construction risk, it is a must-have for everyone involved in the construction projects for the 2012 Olympics." (<i>Building Engineer</i>, April 2006)

<b>Nigel Smith</b> is Professor of Transport Infrastructure & Project Management at the School of Civil Engineering, University of Leeds.<br /> <p><b>Tony Merna</b> is a lecturer in Civil & Construction Engineering, School of Mechanical, Aerospace and Civil Engineering., University of Manchester.<br /> </p> <p><b>Paul Jobling</b> is a Senior Professional Associate and Project Director Risk Management at Parsons Brinckerhoff.</p>

Written by a group of academics and practitioners, this guide is for construction practitioners having to manage real projects. It shows how the risk management process improves decision making in conditions of uncertainty. <p>This new edition includes the input of the Turnbull report, as well as to introduce the concept of corporate, strategic business, and project level risk.</p> <p>The authors cover:</p> <ul> <li>a description of risk management and decision making in the context of a construction project</li> <li>the human dimension</li> <li>tools and techniques available to the risk analyst</li> <li>the problems of procurement and finance</li> <li>the practical application of risk analysis, including the principles of risk modelling and simulation, together wit case studies</li> </ul> <p>A thorough understanding of these concepts will provide the project manager with the basis for effective decision making.</p> <p><b>From the reviews of the first edition:</b></p> <p>"This book should be compulsory reading for all concerned with the management of risk in construction – whether academics or practitioners."<br /> —<i>Chartered Surveyor Monthly</i></p> <p>"A valuable addition to the literature ... which helps condense, simplify and provide practical advice on how to implement risk management on construction projects."</p>

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