How to Manage Project Opportunity and Risk (PDF)

Since I wrote the Foreword for the second edition of this book,
risk management processes have become much more widely used, but
controversy about what should be done and how best to do it has
grown. Managing risk is a risky business. Chapman and Ward provide
an in-depth explanation of why it is important to understand and
manage underlying uncertainty in all its forms, in order to realise
opportunities more fully and enhance corporate performance. They
show what best practice should look like. The implications go well
beyond the conventional wisdom of project risk management,
providing an enlightening new perspective.

--Professor Tony M. Ridley

Imperial College London, Past President, Institution of Civil
Engineers

Chris Chapman and Stephen Ward continue to educate the
profession with this masterful exposition of the differences
between, and the potentials for combinations of, risk, uncertainty
and opportunity. Particularly welcome is the way they integrate
this trio into the project lifecycle - the bedrock of project
management control and organization.

--Peter W.G. Morris

Head of School and Professor of Construction and Project Management
University College London

Chris Chapman and Stephen Ward's books on Project Risk
Management have been an essential part of my repertoire for twenty
years, and they are top of my recommended reading for the courses I
do on that subject. In this book they have enhanced their previous
work to focus on uncertainty management and emphasise more strongly
opportunities for improving project performance, rather then just
identifying what can go wrong. A structured process is an essential
part of managing project uncertainty, and their process is one of
the most powerful. This book will be added to my repertoire.

--Rodney Turner

Professor of Project Management, SKEMA Business School Lille

A profoundly important book. With How to Manage Project
Opportunity and Risk, Chris Chapman and Stephen Ward take a
good thing and make it better. Members of the project management
profession have been influenced for years by their insights into
project risk management. With this latest instalment the authors
demonstrate that risk and uncertainty needn't be dreaded; in
fact, the reverse side of the 'risk coin' has always
been opportunity. My sincere appreciation to Chapman and Ward for
turning this particular coin over and showing readers, academic and
practitioner alike, the opportunity embedded in managing
projects.

--Jeffrey K. Pinto

Andrew Morrow and Elizabeth Lee Black Chair in Management of
Technology Sam and Irene Black School of Business, Penn State
Erie