Foreword vii

Preface ix

About the authors xiii

Introduction to project risk management 1

Part I The basics of project risk management 11

1 The project risk management approach 13

2 Establish the context 19

3 Risk identification 37

4 Qualitative risk assessment 45

5 Semi-quantitative risk assessment 59

6 Risk treatment 73

7 Monitoring and review 89

8 Communication and reporting 93

9 Project processes and plans 101

10 Simplifying the process 109

11 Managing opportunities 125

12 Other approaches to project risk management 137

Part II Extending the basic process 145

13 Case study: tender evaluation 147

14 Contracts and risk allocation 161

15 Market testing and outsourcing 171

16 Public–private partnerships and private financing 183

17 Technical tools and techniques 203

18 Introduction to environmental risk management 225

Part III Quantification of project risks 249

19 Introduction to quantification for project risks 251

20 Cost-estimating case studies 263

21 Case study: planning a timber development 279

22 Capital evaluation for large resource projects 295