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| Preface | |
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| Authors Biographies | |
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| Acknowledgements | |
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| Projects and Risk | |
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| Construction projects | |
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| Decision making | |
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| Risk management strategy | |
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| Project planning | |
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| Summary | |
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| The Project Environment | |
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| Projects | |
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| The project constitution | |
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| Project organisation | |
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| Project phases | |
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| Effect of project phase on risk | |
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| Project appraisal | |
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| Summary | |
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| Understanding the Human Aspects | |
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| Risk management - people | |
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| Risk management - organisations | |
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| The risk management process | |
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| Some guidelines to the risk management process | |
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| The risk workshop | |
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| Communication | |
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| Summary | |
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| Risk and Value Management | |
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| Introduction | |
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| Approaches to the management of risk | |
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| The standard risk management model | |
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| Applying risk and value management | |
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| Value management processes | |
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| Understanding the project risk | |
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| Applying value and risk management | |
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| Iteration of the process | |
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| Summary | |
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| Qualitative Methods and Soft Systems Methodology | |
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| Qualitative risk assessment | |
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| Review of project programmes and budgets | |
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| The risk log | |
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| Using a risk log to formulate risk management strategy | |
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| Qualitative methods | |
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| Soft systems methodology | |
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| Case study: SSM in the use of the placement of construction projects | |
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| Summary | |
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| Quantitative Methods for Risk Analysis | |
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| Sanction | |
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| Project appraisal and selection | |
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| Project evaluation | |
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| Engineering risks | |
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| Risk management | |
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| Probabilistic analysis | |
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| Response to risks | |
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| Successful risk management | |
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| Principles of contingency fund estimation | |
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| The Contribution of Information Technology to Risk Modelling and Simulation | |
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| Purpose of RMS | |
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| When to use RMS | |
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| Requirements of the analyst | |
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| Modelling and simulation | |
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| Modelling using RMS | |
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| Data management | |
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| Analytical mechanisms | |
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| Classification of RMS | |
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| Selection of RMS | |
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| Modelling a project for risk management | |
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| Data requirements for realistic modelling | |
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| Choice of variable distribution | |
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| Case study | |
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| Case study simulations | |
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| Analysis of the result | |
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| Discussion of findings | |
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| Summary | |
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| Risk Allocation in the Contracting and Procurement Cycle | |
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| Typical contracting and procurement processes | |
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| Value planning case study | |
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| Known and unknown risks in contracts | |
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| Risk allocation strategies | |
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| Risk allocation according to payment mechanism | |
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| Contract award | |
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| Summary | |
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| Managing Financial Risks in Major Construction and PFI Projects | |
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| Project financing | |
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| Types of finance | |
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| Appraisal and validity of financing projects | |
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| Typical financial risks | |
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| Promoter | |
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| Financial risk in concession contracts | |
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| Global and elemental risks in concession contracts | |
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| Summary | |
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| Risk Management at Corporate, Strategic Business and Project Levels | |
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| Introduction | |
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| Risk management | |
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| The risk management process | |
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| Benefits of risk management | |
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| Recognising risks | |
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| Why risk management is used | |
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| Model for risk management at corporate, strategic business and project levels | |
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| Summary | |
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| Case Studies | |
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| Introduction | |
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| Case study - cruise ship design and fabrication programme risk assessment | |
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| Risk identification | |
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| The Channel Tunnel Rail Link (CTRL) | |
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| Brief history of the CTRL | |
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| The risk management process | |
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| Risk assessment, analysis and response | |
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| Summary of the preliminary schedule risk analysis results | |
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| Guidance in Practical Risk Management | |
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| Decision making | |
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| Preparation for risk management | |
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| Risk identification | |
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| Risk analysis | |
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| Risk outputs | |
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| Models | |
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| Communication | |
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| Summary | |
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| Index | |