Managing Risk
In Construction Projects
2nd Edition
Published on 9. January 2006
Book
Paperback/Softback
256 pages
978-1-4051-3012-7 (ISBN)
Description
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. 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. The authors cover: a description of risk management and decision making in the context of a construction project; the human dimension tools and techniques available to the risk analyst; the problems of procurement and finance; the practical application of risk analysis, including the principles of risk modelling and simulation, together wit case studies.A thorough understanding of these concepts will provide the project manager with the basis for effective decision making. From the reviews of the first edition: 'This book should be compulsory reading for all concerned with the management of risk in construction - whether academics or practitioners' - "Chartered Surveyor Monthly". 'A valuable addition to the literature ...which helps condense, simplify and provide practical advice on how to implement risk management on construction projects.
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Reviews / Votes
"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." (Building Engineer, April 2006)More details
Edition
2nd Revised edition
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
John Wiley and Sons Ltd
Edition type
Revised edition
Illustrations
51 illustrations
Dimensions
Height: 244 mm
Width: 173 mm
Weight
564 gr
ISBN-13
978-1-4051-3012-7 (9781405130127)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Nigel J. Smith | Tony Merna | Paul Jobling
Managing Risk in Construction Projects
Book
01/2014
3rd Edition
Wiley
€65.90
Shipment within 15-20 days
Additional editions
E-Book
02/2009
2nd Edition
Wiley-Blackwell
€53.99
Available for download
Persons
Nigel Smith is Professor of Transport Infrastructure & Project Management at the School of Civil Engineering, University of Leeds. Tony Merna is a lecturer in Civil & Construction Engineering, School of Mechanical, Aerospace and Civil Engineering., University of Manchester. Paul Jobling is a Senior Professional Associate and Project Director Risk Management at Parsons Brinckerhoff.
Content
1. PROJECTS AND RISK. 1.1 Engineering Projects. 1.2 Decision Making. 1.3 Risk Management Strategy. 1.4 Project Planning. 1.5 Summary. 2. THE PROJECT ENVIRONMENT. 2.1 Projects. 2.2 The Project Constitution. 2.3 Project Organisation. 2.4 Project Phases. 2.5 Effects of Project Phase on Risk. 2.6 Project Appraisal. 2.7 Summary. 3. UNDERSTANDING THE HUMAN ASPECTS. 3.1 Risk Management - People. 3.2 Risk Management - Organisations. 3.3 The Risk Management Process. 3.4 Some Guidelines to the Risk Management Process. 3.5 Preparing a Group for a Risk Session - Risk Identification. 3.6 Communication. 3.7 Summary. 4. RISK AND VALUE MANAGEMENT. 4.1 Introduction. 4.2 The Standard Risk Management Model. 4.3 Apply Risk and Value Management. 4.4 Value Management Processes. 4.5 Understanding the Project Risk. 4.6 Applying Value and Risk Management. 4.7 Iteration of the Process. 4.8 Summary. 5. QUALITATIVE METHODS AND SOFT SYSTEMS METHODOLOGY. 5.1 Qualitative Risk Assessment. 5.2 Review of Project Programmes and Budgets. 5.3 The Risk Log. 5.4 Using a Risk Log to Formulate Risk Management Strategy. 5.5 Qualitative Methodologies. 5.6 Soft Systems Methodology. 5.7 Case Study. 5.8 Summary. 6. QUANTITATIVE METHODS FOR RISK MANAGEMENT. 6.1 Sanction. 6.2 Project Appraisal and Selection. 6.3 Project Evaluation. 6.4 Engineering Risks. 6.5 Risk Management. 6.6 Probabilistic Analysis. 6.7 Response to Risks. 6.8 Successful Risk Management. Annex.