Project Risk Management: Processes, Techniques and Insights

"When first published in 1997, Chris Chapman and Stephen Ward's Project Risk Management instantly became a classic in the field, bringing risk management in a systematic manner into the mainstream for the management of projects. 'Their second edition of this seminal work is a tour de force - a comprehensive, lucid, and highly readable guide to one of the thorniest aspects of managing projects. 'Their book is a combination of leading edge scholarship coupled with strong, practical advice for project managers. 'I found useful insights on nearly every page."
—Jeffrey K. Pinto, Ph.D. Breene Professor of Management, Penn State University

"Chris Chapman and Stephen Ward are our two leading scholars in project based uncertainty management. This second edition confirms their importance to the field."
—Peter W G Morris, Professor of Project Management, University College London; Executive Director, INDECO

Based on sound conceptual foundations yet developed to meet practical concerns, Project Risk Management has become recognized as a standard work on its subject. It sets out the key issues and concepts involved in effective risk and uncertainty management in a clear and accessible way, providing a comprehensive discussion of risk management processes set firmly in the context of the project management task as a whole and focused on improving performance. The Second Edition has been extensively revised and updated to meet the new challenges of the field, and offers methodologies and techniques that are applicable to all kinds and all sizes of project.

Chris Chapman, is a Professor of Management Science in the School of Management of the University of Southampton. He was the founding chair of the Association for Project Management Specific Interest group on Project Risk Management. He is a past president of the Operational Research Society and the current chai r of the Committee of Professors in Operational Research. He is an Honourary Fellow of the Institute of Actuaries. For more tha n 25 years his research interest has focused on risk and uncertainty management. Like Stephen, his research is largely consultancy based, and he writes from a practical but conceptually rigorous perspective. He has published extensively, including joint authorship of Management for Engineers, (Wiley 1987), Risk Analysis for Large Projects: Models, Methods and Cases, (Wiley 1987), Project Risk Management: Processes, Techniques and Insights, (Wiley, 1997) and Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making, (Wiley 2002).

Stephen Ward is a Senior Lecturer in the School of Management of the University of Southampton. Much of his research is consultancy based, giving him a broad spectrum of practical experience across a wide range of organizations over several decades. He combines this practical perspective with a thorough conceptual understanding from which to write. He has published widely, including contributions to Management for Engineers (Wiley 1987), joint authorship of Project Risk Management: Processes, Techniques and Insights, (Wiley, 1997), and joint authorship of Managing Project Risk and Uncertainty: A ConstructivelySimple Approach to Decision Making, (Wiley 2002). He is the founding director of Southampton’s MSc in Risk Management.