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Project Risk Management Fundamentals

  • Ivan Damnjanovic
  • Kenneth Reinschmidt
Chapter
Part of the Risk, Systems and Decisions book series (RSD)

Abstract

In this chapter we present the fundamentals of project risk management. We provide an overview of the overall process including risk identification, qualitative and quantitative risk assessment, and risk mitigation/treatment. We discuss different approaches to modeling project risks and provide a context for the materials we cover in the following chapters.

Keywords

Project uncertainty and risks Risk management framework Representation methods 

References

  1. Garvey PR (2008) Analytical methods for risk management: a systems engineering perspective. Chapman and Hall/CRC, Boca RatonCrossRefGoogle Scholar
  2. Govan P, Damnjanovic I (2016) The resource-based view on project risk management. J Constr Eng Manag 142(9):04016034CrossRefGoogle Scholar
  3. Mander JB, Sircar J, Damnjanovic I (2012) Direct loss model for seismically damaged structures. Earthq Eng Struct Dyn 41(3):571–586CrossRefGoogle Scholar
  4. McLaughlin SB (2001) Hazard vulnerability analysis. American Society for Healthcare Engineering of the American Hospital Association, ChicagoGoogle Scholar
  5. Project Management Institute (2008) A guide to the project management body of knowledge, 4th edn. Newtown Square, PennsylvaniaGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Ivan Damnjanovic
    • 1
  • Kenneth Reinschmidt
    • 2
  1. 1.Texas A&M UniversityCollege StationUSA
  2. 2.College StationUSA

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