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Solving for Project Risk Management
Book

Solving for Project Risk Management

Understanding the Critical Role of Uncertainty in Project Management

McGraw-Hill, 2020 more...


Editorial Rating

7

Qualities

  • Concrete Examples
  • For Experts
  • Insider's Take

Recommendation

As a PhD mathematician and data scientist, Christian Smart approaches project management a little differently than most authors. His emphasis on rigorous, quantitative risk management, based on correlations and probabilities, may stretch the traditional project manager. He surely intends this. For project managers willing to wade through it, though, Smart’s insights will undoubtedly improve risk management skills and project management outcomes overall. You’ll gain a greater appreciation for what can go wrong in major projects – and learn how to sidestep disasters.

Take-Aways

  • Large public and private projects share a tendency to exceed initial cost and time budgets.
  • Organizations must take risks to innovate and succeed – but should not proceed blindly.
  • Projects have a greater likelihood of going wrong than right.

About the Author

Christian B. Smart now serves as chief data scientist at Galorath Federal after a long career as project executive with NASA and the Department of Defense. He holds a PhD in applied mathematics.