Risk Analysis and Management for Projects: A Strategic Framework for Managing Project Risk and Its Financial Implications - Couverture souple

Institute Of Civil Engineers; Institute And Faculty Of Actuaries

Couverture souple

ISBN 10 : 0727741578 ISBN 13 : 9780727741578

Editeur : ICE Publishing, 2014

Synopsis

Risk and uncertainty surround every human activity and influence everything we do.

RAMP (Risk Analysis and Management for Projects) is a well-established framework for analysing and managing the risks involved in projects, whether large or small. With an emphasis on the strategic and financial aspects, this practical working guide will assist planners, engineers, accountants, actuaries, lawyers, project managers, public administrators and anyone else who is involved with a project's success.

Businesses increasingly need to manage their projects in a turbulent environment, where change is often unexpected and continuous. RAMP's systematic approach helps to ensure that risks are effectively identified, analysed and controlled, and that newly emerging risks can be spotted while there is still time to do something about them.

The benefits of applying RAMP include:

• avoidance of wasted work, because of the iterative nature of the process
• consideration of opportunities as well as threats
• improvement of the credibility of the business case for the project
• consistency with approaches to Enterprise Risk Management (ERM) in the project sponsor's organisation
• greater confidence for those who decide on whether projects should proceed
• recording and communication of "lessons learned".

This new and much improved edition of the RAMP Guide:

• sets out practical ways of managing uncertainty and risk
• includes new step-by-step guidance for practitioners
• provides a simple method for determining whether possible responses to risks would be cost-effective
• shows how to summarise a project's risks for decision-makers
• discusses how to tackle social and environmental risks in infrastructure projects/li>
• works as a check-list to ensure that important steps are not overlooked.

RAMP aims to achieve better financial returns for sponsors, investors and lenders, and improve the consequences of projects for the wider community.

A propos du livre

Présentation de l'éditeur

RAMP is a structured process for evaluating and controlling risk in major projects and this practical, working handbook is for everyone involved in the financial, commercial, legal or engineering aspects of a project. Providing a framework for identifying, analysing and responding to risks and then placing a financial value on them, the RAMP process covers the whole life of the asset involved, including post-completion reviews and methods for controlling any risks that remain, to increase the chances of overall project success. The third edition has been substantially revised to take account of clearer ways of presenting risk to decision-makers through simple scenarios, simpler criteria for determining whether risk responses should be adopted, the latest thinking about the management of uncertainty with a new chapter on this topic and a new chapter on social and environmental responsibility and the methods for coping with these risks in infrastructure projects. There is also a new executive summary with references to more detailed guidance within the guide. Contents: 1. Executive Summary 2. Introduction 3. The management of uncertainty 4. Developing risk responses 5. Other aspects of RAMP 6. Social and environmental risks in major infrastructure projects 7. Go and no-go decisions, and later control of the risks 8. Step-by-step method of applying RAMP 9. Case study: a simple RAMP appraisal process 10. Case study: Applying RAMP to a large project 11. Risk assessment tables 12. Example of mitigation and control of risks 13. Description and flow-chart of the RAMP process 14. Glossary 15. References and selective bibliography 16. Members of RAMP working party 17. Detailed worked example of using RAMP effectively with NEC

Détails de l'édition

• Éditeur: ICE Publishing
• Date d'édition: 2014
• Langue: anglais
• ISBN 10: 0727741578
• ISBN 13: 9780727741578
• Reliure: Broché
• Numéro d'édition: 3
• Nombre de pages: 120
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible