PROJECT RISK ANALYSIS MADE RIDICULOUSLY SIMPLE (World Scientific-Now Publishers Business)

Project management is the art of analyzing and managing risks. Without risk, there is little need for project management. Project Risk Analysis Made Ridiculously Simple offers a step-by-step guide on how to perform project risk analysis and risk management for a wide range of readers: students, project schedulers not exposed to project risk analysis before, and to project risk experts. With this book, you will learn how to:

• Identify and manage risks over the course of a project
• Perform qualitative and quantitative risk analysis
• Perform project risk analysis using Monte Carlo simulations
• Use event chain methodology to improve project risk analysis
• Perform risk analysis of project portfolios.

Easily recognizable real-life stories and projects provide a compelling narrative while imparting valuable information on both the theory and practice of project risk management. You will not only understand why project risk management is important to the success of their projects, but you will also know how it can be implemented in your organization and the appropriate tools to use.

Lev Virine has more than 20 years of experience as a structural engineer, software developer, and project manager. In the past 10 years he has been involved in a number of major projects performed by Fortune 500 companies and government agencies to establish effective decision analysis and risk management processes as well as to conduct risk analyses of complex projects.

Lev's current research interests include the application of decision analysis and risk management to project management. He writes and speaks to conferences around the world on project decision analysis, including the psychology of judgment and decision-making, modeling of business processes, and management. Lev received his doctoral degree in engineering and computer science from Moscow State University.

Michael Trumper has worked in the fields of technical communications, marketing, and software development for the past 16 years. Over the past eight years, he has been involved in projects involving economic valuation and risk and project lifecycle modeling. Michael holds a bachelor's degree from the University of Victoria and is currently a master's candidate at the University of Liverpool's laureate program.