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Project Risk Governance: Managing Uncertainty and Creating Organization Value

PM WORLD Book Review

pmwj22-may2014-Morlan-IMAGE1 BOOKBook Title:  Project Risk Governance: Managing Uncertainty and Creating Organization Value
Author:  Dieter Fink
Publisher:  Gower Publishing Limited
List Price:   US$ 120.00     Format:  hard cover; 249 pages
Publication Date:   2013     ISBN: 9781472419040
Reviewer:      Conrado Morlan
Review Date:              3/2014

Introduction to the Book

In recent years organizations have showed more interest in using projects as enablers to achieve organizational goals. This can be reached when projects are aligned with corporate strategy and governance models.

The alignment is important but sometimes risk – either internal or external to the organization – that had been identified during the formulation of the strategy is not always included into projects. The alignment with governance will provide the required support to the project management professional to take the required actions and align them with corporate governance.

Overview of Book’s Structure

The book is organized in nine chapters. In the first three chapters set the context of projects in organizations, the project-business relationship, and the corporate and project governance. These three chapters introduce the reader to business strategy, alignment of projects with strategy and alignment of projects with business risks. In order to make sound project decisions, project governance needs to be aligned with corporate governance.

Chapters four thru six discuss project risk governance. First the organizational structure and its relationships are analyzed and how project risk governance will be linked to the organizational structure.

The last three chapters focus on risk. Risk concepts are discussed, essential tools and techniques required to manage risk are reviewed, and the book closes with a discussion about project risk governance maturity.

More…

To read entire Book Review (click here)

About the Reviewer

conrado-morlanConrado Morlan flag-usa

Texas, USA

Conrado Morlan, PgMP, PMP, is a global program and project manager with more than twenty years of experience leading information technology projects for multinational companies in North America, Mexico, South America and Europe. Mr. Morlan experience spans the Information Technology, Retail, Finance and Telecommunication industries and he has a wide breath of knowledge in program, portfolio and project management topics including aligning projects with organizational strategy.  In 2013, Mr. Morlan was a member of the Core Team responsible for drafting the PMI guide: Implementing Organizational Project Management: A Practice Guide .

Mr. Morlan was one of the first individuals to achieve the PgMP credential in Latin America and was the recipient of the PMI 2011 Distinguished Contribution Award for his activities and influence in championing Project Management to Spanish-speaking practitioners and organizations. Mr. Morlan has spoken at several conferences in USA, Mexico and Central America and is a frequent collaborator with Voices on Project Management, PMI’s official blog. You can reach Mr. Morlan at [email protected] or you can follow him @thesmartpms

To see other works by Conrado Morlan, visit his author showcase page in the PM World Library at http://pmworldlibrary.net/authors/conrado-morlan/

Editor’s note:  This book review was the result of cooperation between the publisher, PM World and the Dallas Chapter of the Project Management Institute (PMI Dallas Chapter – www.pmidallas.org). Authors and publishers provide 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.  PMI members can keep the books as well as receive PDUs for PMP recertification when their book reviews are published.  PMI Dallas Chapter members are generally mid-career professionals, the audience for most project management books.  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].