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Identifying and Managing Project Risk
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<h2 id="overview">Overview</h2> <p>Kendrick's coverage of <a href="/facts/Risk/tbBEDA0V">risk</a>, and more prominently <a href="/facts/Uncertainty/VM9pnGvk">uncertainty</a>, is complete in a general fashion focusing a majority of his discussion on risk in projects due to poor planning and <a href="/facts/Change_management/lqReblGf">change management</a> processes. </p><p>He uses a collection of project elements from various projects his clients have conducted. He uses this data, Project Experience Risk Information Library (PERIL) database, to quantify and rank classes of risk. In the early part of his book he uses this significantly and the Appendix lists approximately 120 of the element's descriptions. </p><p>The book is structured to follow the PMBOK stages of a project — initiation, planning, controlling, executing and closure. Each chapter discusses a set of concepts and concludes with a bulleted "Key Ideas" section and an anecdote from the two attempts to construct the Panama Canal. </p> <h2 id="reception">Reception</h2> <p>Critical reception has been positive.<a class="footnote-ref" id="fnref:1" href="#fn:1"><sup>1</sup></a><a class="footnote-ref" id="fnref:2" href="#fn:2"><sup>2</sup></a> <i><a href="/facts/Strategic_Finance/JDdUPAe1">Strategic Finance</a></i> reviewed the book's third edition, praising it as "a great resource for new and experienced project managers because it reflects the most recent changes to the Guide to the Project Management Body of Knowledge (PMBOK® Guide) from the Project Management Institute."<a class="footnote-ref" id="fnref:3" href="#fn:3"><sup>3</sup></a> <i>The Quality Management Journal</i> also wrote a favorable review for the work, which they felt was "insightful".<a class="footnote-ref" id="fnref:4" href="#fn:4"><sup>4</sup></a> </p> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>Straker, David (2004). "Main content area Identifying and Managing Project Risk (review)". Quality Progress. 37 (6): 97. ProQuest 214761752. <a href="/wiki/ProQuest" target="_blank">/wiki/ProQuest</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>Nalewaik, Alexia (2003). "Identifying and Managing Project Risk (review)". Cost Engineering. 45 (12): 25. ProQuest 220449584. <a href="/wiki/ProQuest" target="_blank">/wiki/ProQuest</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>Leist, Ryan. "BOOK REVIEW: PROJECT RISK PLANNING". Strategic Finance. Retrieved 18 October 2015. <a href="http://sfmagazine.com/post-entry/september-2015-book-review-project-risk-planning/" target="_blank">http://sfmagazine.com/post-entry/september-2015-book-review-project-risk-planning/</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>Kohnen, James B (2004). "Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project (review)". The Quality Management Journal. 11 (2): 54–55. doi:10.1080/10686967.2004.11919113. ProQuest 213611973. <a href="/wiki/Doi_(identifier)" target="_blank">/wiki/Doi_(identifier)</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> </ol>