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Managing Risk in Construction Projects

Name: Managing Risk in Construction Projects
Author: Nigel J. Smith, Tony Merna
ISBN: 9780632042432

by Nigel J. Smith, Tony Merna

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Overview

Risk management provides a system by which project risks can be identified, assessed and managed. There are a number of texts on the theory of risk management and on individual risk techniques. This book is unique, however, in dealing with the practical implementation of risk analysis in project management decisions. The book is divided into five sections: (1) a description of risk management and decision-making in the context of a construction project; (2) the human dimension; (3) tools and techniques available to the risk analyst; (4) the problems of procurement and finance; and (5) the practical application of risk analysis, including the principles of risk modelling and simulation, together with two case studies. Written by a group of academics and practitioners, the book offers practical guidance for anyone faced with problems of project risk management in practice.

About the Author, Nigel J. Smith, Tony Merna

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

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Deals with the practical implementation of risk analysis in project management decisions, with sections on risk management and decision making in the context of a construction project, the human dimension, tools and techniques in the field, and problems of procurement and finance. A final section examines practical application of risk analysis, risk modeling, and simulation, and includes case studies. Annotation c. by Book News, Inc., Portland, Or.