Strategic Project Risk Appraisal and Management

The main aim of this book is to consider the strategic level risks that organizations may face when taking on projects of different types. A project is usually defined as such for project management purposes because it has a unique identity and a finite life and is thus distinguishable from other continuing operations. However,many projects have similar characteristics that are common to a number of projects experienced by the same or other organizations. This book aims to show how the use of a project typology can guide project risk management by identifying common risks shared by projects of each type. A framework is offered for analyzing strategic level project risks and case illustrations are provided to demonstrate the application of this framework for seven types of projects most often experienced in organizations today.The aims of the book can be summarized as helping managers to:

• understand the strategic context for project risk management;

• appreciate a range of qualitative methods that can be used in project risk

• identification and analysis;

• identify and assess the strategic level risks attached to a specific project;

• develop appropriate risk management strategies for a specific project;

• consider the links between strategic analysis and project risk management;

• improve their project risk management skills;

• learn from project reviews.