Emphasizing greater clarity on risk practice, this new edition of Risk Management: Concepts and Guidance maintains a focus on the ability to apply "planned clairvoyance" to peer into the future. The book begins by analyzing the various systems that can be used to apply risk management. It provides a fundamental introduction to the basics associated with particular techniques, clarifying the essential concepts of risk and how they apply in projects. The second part of the book presents the specific techniques necessary to successfully implement the systems described in Part I. The text addresses project risk management from the project manager's perspective. It adopts PMI's perspective that risk is both a threat and an opportunity, and it acknowledges that any effective risk management practice must look at the potential positive events that may befall a project, as well as the negatives.
It took me a little bit to get into this book and get accustomed to its layout and how it reads. This could be due to the complexity of the subject matter and how the terminology and vocabulary can be a little technical. All in all once I got the hang of it, it was pretty easy to follow.
This is a really good book to keep in your office when you want to look up ways to implement risk management. Each technique is broken down with examples on how to use it. It's more of an overview of risk management, especially as it applies to project managers. However, the concepts are solid, and it's not very technical at all. There are a few examples with formulas, but it's nothing most people haven't seen before.
The course I am taking right now focuses on project risk management and I found this book very useful. The narrator was easy to listen to and the topic flowed nicely. The only problem keeping it from five stars is there is no accompanying pdf with some of the charts and such. This would have been hugely valuable for points of reference.
It's outdated, but alright when it comes to general terms and concepts. A bit too general for my needs but still helpful in getting the bigger picture when considering risk management in any context.