Managing Risk in Construction Projects

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Nigel J. Smith, Tony Merna, Paul Jobling
Blackwell Science, 1999 - Technology & Engineering - 232 pages
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Risk management provides a system by which project risks can be identified, assessed and managed. There are a number of texts on the theory of risk management and on individual risk techniques. This book is unique, however, in dealing with the practical implementation of risk analysis in project management decisions. The book is divided into five sections: (1) a description of risk management and decision-making in the context of a construction project; (2) the human dimension; (3) tools and techniques available to the risk analyst; (4) the problems of procurement and finance; and (5) the practical application of risk analysis, including the principles of risk modelling and simulation, together with two case studies. Written by a group of academics and practitioners, the book offers practical guidance for anyone faced with problems of project risk management in practice.

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About the author (1999)

Nigel J. Smith BSc, MSc, CEng, FICE, MAPM is Professor of Construction Project Management at the University of Leeds.

Dr Tony Merna, BSc, MPhil, PhD, graduated with a degree in Business Studies from Salford University. He gained a Master of Philosophy degree from UMIST for his work on risk management in corporate organisations. Tony recently graduated with a Doctor of Philosophy degree from UMIST for his research into the assessment of risks in portfolios of projects. Tony is currently working for Oriel Group Practice, a multi-disciplinary consultancy and research organisation based in Manchester.

Dr Faisal F. Al-Thani, BSc, MSc, PhD, is Deputy General Manger and Assistant Operations Manager of Anadarko Petroleum Corporation, Qatar. A petroleum engineer by profession, he has over 19 years' experience in the planning, design, operation, maintenance and finance strategies of oil and gas projects. Faisal is currently undertaking research as part of a Fulbright award in the USA.

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