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ISBN-13 9781118746240ISBN-10 1118746244
ISBN-10 1-118-48243-3ISBN-13 9781118482438
Author(s): Yuri Raydugin;
Publisher: John Wiley & Sons
Copyright year: © 2013 Pages: 400

The book is based on the author's Risk Management experience in several major and mega capital projects of Royal Dutch Shell, TransCanada Pipelines, TransAlta, Access Pipeline, MEG Energy, SNC-Lavalin, and others. It will show decision makers and project team members how to implement a consistent application of risk methods, including probabilistic methods. It will be based on existing training materials, models and tools developed by the author to make risk management accessible and easily implemented. The author introduces all main realizations of uncertainty in capital projects (uncertainty objects) from first principles and then comes up with a minimal set of very few most efficient and relevant method to handle each object. Several newly developed risk-based ideas and methods are introduced that are applicable for engineering design and procurement option selection, project execution through risk addressing (PETRA), handling unknown unknowns, managing risks related to some categories of external stakeholders (broiler black swans), etc.