Understanding and Managing Risks in Large Engineering Projects (Classic Reprint) PDF Download

Author: Donald Lessard
Publisher: Forgotten Books
ISBN: 9780666389848
Category : Reference
Languages : en
Pages : 38

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Book Description
Excerpt from Understanding and Managing Risks in Large Engineering Projects Large engineering projects are high-stakes games characterized by substantial irreversible commitments, skewed reward structures in case of success, and high probabilities of failure. Once built, projects have little use beyond the original intended purpose. Potential returns can be good but they are often truncated. The journey to the period of revenue generation takes 10 years on average. Substantial front - end expenditures prior to committing large capital costs have to be carried. During the ramp - up period, market estimates are tested and the true worth of the project appears; sponsors may find that it is much lower than expected. Bankers can discover that covenants will not be respected. Restructuring of ownership and debt may be the only way to save prior investments. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author: Donald R Lessard
Publisher: Legare Street Press
ISBN: 9781019449592
Category :
Languages : en
Pages : 0

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Book Description
This book addresses the challenges of managing risk in large-scale engineering projects such as infrastructure development, aerospace systems, and defense programs. It provides a framework for identifying, assessing, and managing risks, and includes case studies and practical guidance for project managers and executives. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Donald R Lessard
Publisher: Nabu Press
ISBN: 9781293661833
Category :
Languages : en
Pages : 40

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Book Description
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

Author: Franco Caron
Publisher: Springer Science & Business Media
ISBN: 8847052440
Category : Technology & Engineering
Languages : en
Pages : 89

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Book Description
The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Author: Nolberto Munier
Publisher: Springer Science & Business
ISBN: 3319052519
Category : Technology & Engineering
Languages : en
Pages : 227

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Book Description
Covers the entire process of risk management by providing methodologies for determining the sources of engineering project risk, and once threats have been identified, managing them through: identification and assessment (probability, relative importance, variables, risk breakdown structure, etc.); implementation of measures for their prevention, reduction or mitigation; evaluation of impacts and quantification of risks and establishment of control measures. It also considers sensitivity analysis to determine the influence of uncertain parameters values on different project results, such as completion time, total costs, etc. Case studies and examples across a wide spectrum of engineering projects discuss such diverse factors as: safety; environmental impacts; societal reactions; time and cost overruns; quality control; legal issues; financial considerations; and political risk, making this suitable for undergraduates and graduates in grasping the fundamentals of risk management.

Author: Roger Miller
Publisher: MIT Press
ISBN: 9780262263511
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. As the number, complexity, and scope of large engineering projects (LEPs) increase worldwide, the huge stakes may endanger the survival of corporations and threaten the stability of countries that approach these projects unprepared. According to the authors, the "front-end" engineering of institutional arrangements and strategic systems is a far greater determinant of an LEP's success than are the more tangible aspects of project engineering and management. The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. The authors use the research results to develop an experience-based theoretical framework that will allow managers to understand and respond to the complexity and uncertainty inherent in all LEPs. In addition to managers and scholars of large-scale projects, the book will be of interest to those studying the relationship between institutions and strategy, risk management, and corporate governance in general. Contributors Bjorn Andersen, Richard Brealey, Ian Cooper, Serghei Floricel, Michel Habib, Brian Hobbs, Donald R. Lessard, Pascale Michaud, Roger Miller, Xavier Olleros

Author: K.A. Artto
Publisher: Routledge
ISBN: 1135274207
Category : Architecture
Languages : en
Pages : 390

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Book Description
Managing Risks in Projects presents the latest skills, techniques, knowledge and experience of managing risks in projects from the leading worldwide experts. Many different types of projects are addressed spanning development, software, re-engineering, engineering and construction.

Author: ARTTO
Publisher:
ISBN: 9781138980341
Category :
Languages : en
Pages :

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Author: Gregory Hutchins
Publisher: CERM Academy for Enterprise Risk Management
ISBN: 1732974489
Category : Business & Economics
Languages : en
Pages : 316

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Book Description
The book is about RBPS (Risk Based Problem Solving) and RBDM (Risk Based Decision Making). Every project is subjected to the known risks and the unknown risks. Known risks are the four constraints of a project. The four constraints are; scope; schedule; cost; and quality. Unknown risks are the uncertainties and variances that surround every project. The book discusses in detail, with examples and risk stories to support the points made in the book, PM, RM, EVM, and Subcontract Management (SM). Understanding these four disciplines and how to incorporate them into a project, is essential to effective RBPS and RBDM. Project Management knowledge and skills are necessary to manage the known risks. Risk Management knowledge and skills are essential to identifying, assessing and mitigating unknown risks. Earned Value Management is important to tracking and controlling risk mitigation plans. Many companies outsource most of their work scope to subcontractors, so having Subcontract Management knowledge and skills is key to mitigating subcontract risks. The future of work is also discussed in detail. Future work will be projectized more. Working remotely is a trend that is increasing. Project Managers will have a more difficult problem in the future managing a diverse workforce of on-site, remote, and part-time workers. You need to be aware of future trends. The book is structured in a logical sequence and is easy to read. Step by step processes are presented in a logical way with practical examples to help you understand the process. Most of the methods and techniques discussed in the book are based on my DOD experience. However, these techniques also apply to the IT, and Construction Industries.

Author: Martin Loosemore
Publisher: Routledge
ISBN: 1134509219
Category : Architecture
Languages : en
Pages : 292

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Book Description
Project managers in construction and civil engineering need to base their decisions on realistic information about risk and public perceptions of risk. This second edition of the original practical and straightforward text retains the easy-to-read format, but has been expanded to encompass the entire risk management process and to give a fuller presentation of how risk is generally perceived. Two new chapters cover risk identification and risk response, and the chapters on risk analysis have been completely reorganized. There is also greater emphasis on the theory behind the principles, and an expanded bibliography is given to guide an exploration of the subject in greater detail. The book demystifies risk management by presenting the subject in simple and practical terms, free of technical jargon, and case studies are used extensively to enliven the text and to illustrate the concepts discussed.