Managing the Continuum: Certainty, Uncertainty, Unpredictability in Large Engineering Projects

  • Franco┬áCaron
Part of the SpringerBriefs in Applied Sciences and Technology book series (BRIEFSAPPLSCIENCES)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Franco Caron
    Pages 1-6
  3. Franco Caron
    Pages 7-10
  4. Franco Caron
    Pages 15-17
  5. Franco Caron
    Pages 29-33
  6. Franco Caron
    Pages 35-36
  7. Franco Caron
    Pages 37-39
  8. Franco Caron
    Pages 41-45
  9. Franco Caron
    Pages 47-50
  10. Franco Caron
    Pages 51-56
  11. Franco Caron
    Pages 57-65
  12. Franco Caron
    Pages 67-74
  13. Franco Caron
    Pages 75-80
  14. Franco Caron
    Pages 81-85
  15. Back Matter
    Pages 87-88

About this book

Introduction

The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Keywords

Project Complexity Project Flexibility Project Management Risk Management

Authors and affiliations

  • Franco┬áCaron
    • 1
  1. 1., Management Economics and Industrial EngiPolitecnico di MilanoMilanItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-88-470-5244-4
  • Copyright Information The Author(s) 2013
  • Publisher Name Springer, Milano
  • eBook Packages Engineering
  • Print ISBN 978-88-470-5243-7
  • Online ISBN 978-88-470-5244-4
  • Series Print ISSN 2191-530X
  • Series Online ISSN 2191-5318
  • About this book