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Managing Project Risks for Competitive Advantage in Changing Business Environments

Book Description

Risk management is a vital concern in any organization. In order to succeed in the competitive modern business environment, the decision-making process must be effectively governed and managed. Managing Project Risks for Competitive Advantage in Changing Business Environments presents critical discussions on effective risk management in projects and methods to ensure overall success in project outcomes. Highlighting theoretical foundations, innovative practices, and real-world applications, this book is a pivotal reference source for managers, practitioners, upper-level students, and other professionals interested in how to properly adopt project risk management systems and tools.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Book Series
    1. Mission
    2. Coverage
  5. Editorial Advisory Board
  6. Foreword
  7. Preface
    1. CLASSIC APPROACHES AND PRACTICAL CHALLENGES
    2. NOVEL TRENDS
    3. STRUCTURE AND CONTENT OF THE BOOK
  8. Acknowledgment
  9. Section 1: Approaches and Theories
    1. Chapter 1: Coping Better with the Project´s Unknown Unknowns
      1. ABSTRACT
      2. INTRODUCTION
      3. UNCERTAINTY MANAGEMENT IN PROJECTS
      4. HISTORICAL EVOLUTION OF KNOWLEDGE
      5. COMPARISON OF THE WESTERN AND EASTERN APPROACH TO UNCERTAINTY
      6. CURRENT TRENDS OF UNCERTAINTY MANAGEMENT IN BUSINESS
      7. CALL FOR NEW COMPETENCES IN RISK MANAGEMENT
      8. SUMMARY
      9. REFERENCES
      10. KEY TERMS AND DEFINITIONS
    2. Chapter 2: Integrating Sustainability into Project Risk Management
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. METHODOLOGY
      5. FINDINGS
      6. CONCLUSION
      7. FUTURE RESEARCH DIRECTIONS
      8. REFERENCES
      9. KEY TERMS AND DEFINITIONS
    3. Chapter 3: Project Risk Management
      1. ABSTRACT
      2. CHINESE CULTURAL AND TRADITION TO RISK MANAGEMENT
      3. CHINESE IDEAS AND ATTITUDES ON PROJECT RISKS
      4. CHINESE IDEAS AND ATTITUDES ON PROJECT RISK MANAGEMENT
      5. CHINESE METHODOLOGY FOR PROJECT RISK MANAGEMENT
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
    4. Chapter 4: Systemic Risk Management
      1. ABSTRACT
      2. INTRODUCTION
      3. RISK MANAGEMENT AS A WAY TO OBSERVE PROJECTS
      4. RISK MANAGEMENT AS AN ACTIVITY IN PROJECTS
      5. RISK MANAGEMENT AS A PROJECT
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
  10. Section 2: Methods and Cases
    1. Chapter 5: Challenge or Potential? Risk Identification in the Context of Sustainable Development
      1. ABSTRACT
      2. INTRODUCTION
      3. PROJECT RISK MANAGEMENT AND SUSTAINABLE DEVELOPMENT
      4. RISK IDENTIFICATION IN A WIND PARK FARM PROJECT: A CASE STUDY
      5. REFLECTION, CONCLUSION, AND RECOMMENDATIONS
      6. REFERENCES
      7. KEY TERMS AND DEFINITIONS
    2. Chapter 6: Easier Identification of Risks and Uncertainties with Project Risk Constellations
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. PROJECT CONSTELLATIONS HELP BETTER IDENTIFY AND UNDERSTAND RISKS AND UNCERTAINTIES
      5. PROJECT RISK CONSTELLATIONS: RESEARCH METHOD AND CASE STUDY
      6. SOLUTIONS AND RECOMMENDATIONS
      7. FUTURE RESEARCH DIRECTIONS
      8. CONCLUSION
      9. REFERENCES
      10. KEY TERMS AND DEFINITIONS
    3. Chapter 7: Project Risk Management Process for Professionals
      1. ABSTRACT
      2. INTRODUCTION
      3. TOWARDS A VALUE-BASED RISK MANAGEMENT
      4. RISK MANAGEMENT PROCESS
      5. RISK MEASURING METHODS
      6. DYNAMICS OF RISKS
      7. CONCLUSION
      8. REFERENCES
    4. Chapter 8: On Using Monte Carlo Simulations for Project Risk Management
      1. ABSTRACT
      2. INTRODUCTION
      3. MONTE CARLO SIMULATION
      4. PROBABILITY AND STATISTIC CONCEPTS
      5. CONCLUSION
      6. ACKNOWLEDGMENT
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
      9. ENDNOTE
    5. Chapter 9: Managing Risks in the Innovation Projects in the Services Sector
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. INNOVATION PROJECTS IN SERVICES INDUSTRY
      5. THE FRAMEWORK FOR MANAGING RISKS IN THE INNOVATION PROJECTS IN SERVICES INDUSTRY
      6. CASE STUDY FOR THE ROMANIAN MOBILE COMMUNICATION MARKET
      7. FUTURE RESEARCH DIRECTIONS
      8. CONCLUSION
      9. REFERENCES
      10. KEY TERMS AND DEFINITIONS
    6. Chapter 10: The Internalization of Attention at 28,000 Feet
      1. ABSTRACT
      2. INTRODUCTION
      3. THE CHALLENGE OF RELIABLE PERFORMANCE
      4. K2: A MOUNTAIN CHARACTERIZED BY COMPLEX INTERACTIONS AND TIGHT COUPLING
      5. METHOD
      6. THE FATEFUL CLIMB
      7. MINDLESSNESS
      8. A PRACTICAL DRIFT TOWARDS INTERNAL ATTENTION
      9. THE CULTIVATION OF COLLECTIVE EXTERNAL ATTENTION
      10. KEY CONDITIONING ACTIONS TO ACHIEVE ORGANIZATIONAL MINDFULNESS
      11. CONCLUSION
      12. REFERENCES
  11. Section 3: Perspectives
    1. Chapter 11: Risks in Project Marketing
      1. ABSTRACT
      2. INTRODUCTION
      3. MARKETING BY THE PROJECT: STAKEHOLDER ENGAGEMENT
      4. MARKETING FOR THE PROJECT: WINNING NEW WORK
      5. MARKETING OF THE PROJECT: SELLING THE INVESTMENT
      6. CONCLUSION
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
    2. Chapter 12: Educating Project Managers to Deal with Project Risks
      1. ABSTRACT
      2. INTRODUCTION
      3. CURRICULUM MANAGEMENT SYSTEMS: A COMPARATIVE ANALYSIS
      4. CURRICULUM MANAGEMENT SYSTEM ARCHITECTURE BASED ON SEMANTIC TECHNOLOGIES
      5. VALIDATION OF THE PROPOSED APPROACH
      6. CONCLUSION AND FUTURE WORK
      7. REFERENCES
      8. KEY TERMS AND DEFINITIONS
      9. APPENDIX
    3. Chapter 13: Using a Knowledge-Based Approach to Foster the Use of Risk Management in Construction
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. BUILDING THE RISK MANAGEMENT (RM) SUPPORT SYSTEM
      5. CONCLUSION
      6. ACKNOWLEDGMENT
      7. REFERENCES
    4. Chapter 14: Project Portfolio Risk Management
      1. ABSTRACT
      2. INTRODUCTION
      3. BACKGROUND
      4. RISK MANAGEMENT IN THE CONSTRUCTION SECTOR
      5. MANAGING PROJECT PORTFOLIOS
      6. CASE STUDY
      7. SOLUTIONS AND RECOMMENDATIONS
      8. FUTURE RESEARCH DIRECTIONS
      9. CONCLUSION
      10. REFERENCES
    5. Chapter 15: Financial Risk Management
      1. ABSTRACT
      2. INTRODUCTION
      3. THE RISK MANAGEMENT FRAMEWORK
      4. TYPES OF RISKS
      5. MANAGING RISKS
      6. CASE STUDIES: WHEN RISK MANAGEMENT TECHNIQUES WENT WRONG
      7. CONCLUSION
      8. REFERENCES
  12. Compilation of References
  13. About the Contributors