''Identifying and Managing Project Risk'' by Tom Kendrick is a book about identifying and managing risks on projects. It was published on April 25, 2003 by American Management Association.

Overview

Kendrick's coverage of

risk In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environ ...

, and more prominently

uncertainty Uncertainty or incertitude refers to situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown, and is particularly relevant for decision ...

, is complete in a general fashion focusing a majority of his discussion on risk in projects due to poor planning and

change management Change management (CM) is a discipline that focuses on managing changes within an organization. Change management involves implementing approaches to prepare and support individuals, teams, and leaders in making organizational change. Change mana ...

processes. 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. 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.

Reception

Critical reception has been positive. '' Strategic Finance'' 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." ''The Quality Management Journal'' also wrote a favorable review for the work, which they felt was "insightful".

References

{{reflist Project management 2004 non-fiction books Management books Business books Risk management