Strategic Project Risk Appraisal and Management (Advances in Project Management)

127 Pages·2009·4.37 MB·English

by  Elaine Harris

Strategic Project Risk Appraisal and Management
This page has been left blank intentionally
Strategic Project
Risk Appraisal and
Management
ELAINE HARRIS
© Elaine Harris 2009
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system
or transmitted in any form or by any means, electronic, mechanical, photocopying, recording
or otherwise, without the prior permission of the publisher.
Published by
Gower Publishing Limited Gower Publishing Company
Wey Court East Suite 420
Union Road 101 Cherry Street
Farnham Burlington
Surrey, GU9 7PT VT 05401-4405
England USA
www.gowerpublishing.com
Elaine Harris has asserted her moral right under the Copyright, Designs and Patents Act, 1988,
to be identified as the author of this work.
British Library Cataloguing in Publication Data
Harris, Elaine.
Strategic project risk appraisal and management. --
(Advances in project management)
1. Project management. 2. Risk management.
I. Title II. Series
658.4'04-dc22
ISBN: 978-0-566-08848-3 (pbk)
978-0-7546-9211-9 (ebk.V)
Library of Congress Cataloging-in-Publication Data
Harris, Elaine.
Strategic project risk appraisal and management / by Elaine Harris.
p. cm. -- (Advances in project management)
Includes bibliographical references and index.
ISBN 978-0-566-08848-3 (pbk) 1. Risk management. 2. Project management. I. Title.
HD61.H337 2009
658.15'5--dc22
2009016188
contents
List of Figures vii
List of Tables ix
Acknowledgements xi
Preface xiii
Introduction 1
PARt 1 BACkgRounD to PRojECt RiSk APPRAiSAL
Chapter 1 Context For Strategic Project Risk Appraisal 7
Chapter 2 Project Risk Appraisal Techniques 17
PARt 2 StRAtEgiC PRojECt RiSk CASE iLLuStRAtionS
Chapter 3 Business Development Projects 33
Chapter 4 Systems Development Projects 41
Chapter 5 New Site Projects 49
Chapter 6 New Product Development Projects 55
Chapter 7 Business Acquisitions 63
Chapter 8 Compliance Projects 69
Chapter 9 Event Management 75
PARt 3 PRojECt RiSk MAnAgEMEnt PoSt-DECiSion
Chapter 10 Project Risk Management 83
Chapter 11 Post-Project Reviews 95
References 101
Index 105
This page has been left blank intentionally
list of figures
Figure 1.1 Strategic investment appraisal process 10
Figure 2.1 Project risk map 21
Figure 2.2 Prioritized project risk map 27
Figure 3.1 BDP risk map 37
Figure 4.1 IT project risk map 44
Figure 5.1 Relocation project stakeholders 51
Figure 5.2 Relocation risk map 53
Figure 6.1 Early risk map – Skin lightener product 58
Figure 6.2 Later risk map – Skin lightener product 59
Figure 6.3 New BSc degree sources of risk 61
Figure 7.1 Business acquisition risk map 66
Figure 8.1 Compliance project risk map 72
Figure 9.1 Risk map for international conference 78
Figure 10.1 SMART model 92
This page has been left blank intentionally
list of tables
Table 1.1 Project types 15
Table 2.1 Repertory grid example 19
Table 2.2 Project risk attributes example 23
Table 2.3 Project risk assessment grid 24
Table 2.4 Project appraisal matrix 25
Table 3.1 Project risk attributes for business development projects 34
Table 3.2 BDP project risk assessment grid showing weighted score 36
Table 4.1 IT project risks 43
Table 4.2 IT project risk management strategies 47
Table 5.1 Mitigating actions 54
Table 6.1 Project risk attributes for NPD project 57
Table 6.2 Identifying and responding to NPD project risks 62
Table 7.1 Project risk attributes for business acquisitions 65
Table 7.2 Project risk management strategies for business acquisitions 67
Table 8.1 Compliance project risks 71
Table 8.2 Compliance project risk management strategies 73
Table 9.1 Project risk attributes – strategic level 77
Table 9.2 Project risk attributes – major sports event and academic
conference examples 77
Table 9.3 Events management risk strategies 79
Table 10.1 BDP controllability and timing of risk management responses 88
Table 10.2 Risk register entry 91
Table 11.1 Comparative evaluation of Pragmatix® with a standard PIG 98