Project Management
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Textbook:
Pages : 477;
Paperback;
210 X 275 mm approx.
Workbook:
Pages :
321; Paperback;
210 X 275 mm approx, Sample Applied Theory Questions
Sample Multiple Choice Questions (Online Quiz)
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<< Chapter 21
Project Risk Management : Chapter 22
SUMMARY:
The possibility of an outcome being different from what was expected is termed risk. Risk is present in every activity. Projects are exposed to various kinds of risks; technical risks, social risks, economic risks, political risks, marketing risks, human risks and production risks. On the basis of their attitude toward risk, the project managers can be broadly divided into three types: risk averters, risk neutrals and risk seekers.
The risk management process consists of four steps: risk identification, risk quantification, risk response and risk control. Different sources of risks and risk symptoms are identified in the risk identification phase. The effect of these risks are quantified in the risk quantification stage. In the risk response stage, the project manager determines how to deal with a risk to reduce its impact. Risk control is concerned with reducing the occurrence of risks.
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Project Risk Management - An Overview
Definition of Risk
Types of Risks
Tolerance for Risk
Definition of Risk Management
Certainty, Risk, and Uncertainty
Decision Making Under Certainty
Decision Making Under Risk
Decision Making Under Uncertainty
Risk Management Methodology
Risk Identification
Risk Quantification
Risk Response
Risk Control
Insurance for Projects
Self Insurance
Captive Company
Fire and Natural Calamities Insurance
Industrial All Risks (IAR) Insurance
Projects and Advance Loss of Profits Insurance
Erection All Risks (EAR) Insurance
Workmen's Compensation Insurance
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Related Textbook:-
Introduction to Management Textbook
536 pages, Paperback;
210 X 275 mm approx,
Price:
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Available only in
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