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Essentials of Managing Risk

 

BOOK REVIEW

Book Title:    The Essentials of Managing Risk for Projects and Programmes, 3rd Ed.
Author:  John Bartlett
Publisher:  Routledge – Taylor & Francis Group
List Price:   $50.95
Format:  Softcover, 120 Pages
Publication Date:   2017
ISBN: 978-1-138-28830-0
Reviewer: Donna Baldassin Light, BSN, MPA, PMP, CHC
Review Date: March 2018

 



Introduction

Many project managers have challenges distinguishing risks from issues and communicating these to the project team in an understandable format.    The author uses established charts, processes and methods to break down the risk assessment process into simple and manageable displays that can be shared with all stakeholders. The process can be applied to all stages of the project life cycle and built into the program design to identify uncertainties and plan contingencies.

Overview of Book’s Structure

The book layout is organized by Chapter as follows:

  • Introduction
  • Identifying and expressing risk
  • Assessing risk
  • Responding to risk
  • Recording risk
  • Analyzing and reporting risk
  • Administering risk
  • Managing risk
  • Conclusion

Highlights

Issues are defined as events that have already occurred and may have caused detriment to the project. Risks are events that have not yet occurred but may or may not occur in the future. It is important to distinguish risks that are potentially preventable and avoidable as opposed to addressing the issues already in play.

The tools and techniques demonstrated, illustrated, and explained in visual format, are practical to use while communicating to stakeholders, board members, and other members of the project team to enhance their engagement on ways to assess, minimize, and mitigate potential risks.

The book emphasizes that too many risk managers identify and analyze the risk, but fall short when it comes to reponding to thse risks and evaluating the effects of implemented strategies.  The book emphasizes the importance of working with the project team to identify, assess, respond, report, analyze, and control known or perceived risks. Each process group is broken down, explained, and demonstrated according to chapter, making it easy for the reader to reference and refer back to a particular area of interest.

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About the Reviewer


Donna Baldassin Light

Texas, USA

 

 

 

 

Donna Baldassin Light, RN, MPA, PMP, CHC works for AccentCare, Inc. as Manager, Corporate Compliance, in Dallas, Texas. She has demonstrated leadership in the healthcare industry and has proven experience in project management, compliance, business operations, and clinical areas as a registered nurse.  She has worked across a continuum of health care settings to facilitate, implement and develop programs needed to improve delivery of healthcare and related services.  Donna earned her Project Management Professional (PMP) certification in October of 2015 through PMI and is certified in healthcare compliance (CHC) 2017 through the HealthCare Compliance Association. She earned a Master’s in Public Administration (MPA) in Healthcare Management, New York University, NY, and Bachelor of Science in Nursing (BSN), The University of Bridgeport, CT.   She also serves on the Continuous Process Improvement (CPI) Committee for a North Texas federally qualified healthcare clinic.

Email: [email protected]

 

Editor’s note:  This book review was the result of a partnership between the publisher, PM World and the PMI Dallas Chapter. Authors and publishers provide the books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library.  If you are an author or publisher of a project management-related book, and would like the book reviewed through this program, please contact [email protected].