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"Strategy, risk management and project management are often considered separately by those applying their principles--but at their most effective, all are dependent upon each other for success. Enlightened Planning teaches this holistic perspective and demonstrates how a synthesis of these...
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This paper explains what ‘risk efficiency' means, why it is a key part of best practice project management, and why it may not be delivered by common practice as defined by some guidelines. This paper also explains how risk efficiency can be addressed operationally using comparative cumulative...
Persistent link: https://www.econbiz.de/10009457944
An important aspect of stakeholder management in construction projects is the contractual approach to managing risk and uncertainty. Chapman and Ward (2002) develops a balanced incentive and risk sharing (BIARS) contract, drawing on earlier research on management contracts, which lead to...
Persistent link: https://www.econbiz.de/10009458258
This re-titled and extensively revised book builds on the success of an established classic text. It also builds on more than thirty five years of successful consulting practice, addressing practical situations that range from major offshore oil development projects to projects limited to...
Persistent link: https://www.econbiz.de/10009458422
This paper illustrates the value of several particular features of a first phase parametric approach to discounted cash flow (DCF) decision analysis when significant uncertainty is involved. It also illustrates the value of second phase probabilistic approaches to selected parameters for five...
Persistent link: https://www.econbiz.de/10005452862
Stakeholders are a major source of uncertainty in projects. This uncertainty encompasses who relevant stakeholders are, how they could influence a project, and what their motives are in so far as their actions affect project activity. A generic project uncertainty management process framework is...
Persistent link: https://www.econbiz.de/10005269077
An important aspect of stakeholder management in construction projects is the contractual approach to managing risk and uncertainty. Clients need to choose an appropriate form of contract from available common options, like fixed price, design and build (D&B), and design, build, finance and...
Persistent link: https://www.econbiz.de/10005438507