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Mastering Risk and Procurement in Project Management

Brayden Reed

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Published in Mastering Risk And Procurement In Project Management: A Guide To Planning Controlling And Resolving Unexpected Problems (FT Press Project Management)

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Effective project management requires a comprehensive understanding of both risk and procurement management. This guidebook will delve into the intricacies of these two crucial aspects, providing a foundation for successful project delivery. We will explore strategies for identifying, assessing, and mitigating risks, while optimizing procurement processes to ensure project success.

Mastering Risk and Procurement in Project Management: A Guide to Planning, Controlling, and Resolving Unexpected Problems (FT Press Project Management)

by Randal Wilson

4.4 out of 5

Language	:	English
File size	:	1893 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	282 pages

Chapter 1: The Fundamentals of Risk Management

This chapter introduces the concepts and principles of risk management in project management. We will discuss different types of risks, their potential impact on project objectives, and the importance of early risk identification.

Chapter 2: Risk Identification and Assessment

Identifying and assessing risks is a critical step in risk management. This chapter will provide practical techniques for identifying potential risks and evaluating their likelihood and severity. We will also discuss risk prioritization and the establishment of risk thresholds.

Chapter 3: Risk Mitigation and Response Strategies

Once risks have been identified and assessed, it is essential to develop effective mitigation strategies. This chapter will cover various risk mitigation techniques, including risk avoidance, risk transfer, and risk sharing. We will also explore risk response planning and the importance of documenting risk management decisions.

Chapter 4: Procurement Management in Project Management

Procurement management is a key aspect of project management that involves the acquisition of goods and services necessary for project execution. This chapter will delve into the procurement process, from supplier selection and contract negotiation to performance monitoring and evaluation.

Chapter 5: Strategic Procurement

Strategic procurement focuses on optimizing procurement processes to align with the overall project strategy. This chapter will discuss supplier relationship management, contract optimization, and the use of technology to improve procurement efficiency.

Chapter 6: Risk and Procurement Interdependencies

Risks and procurement are closely interconnected in project management. This chapter will explore the relationship between risk management and procurement decisions, and how effective risk management can enhance procurement outcomes.

Chapter 7: Risk and Procurement Management in Agile Projects

Agile project management methodologies require a tailored approach to risk and procurement management. This chapter will provide guidance on identifying and mitigating risks in agile projects, as well as adapting procurement processes to the agile framework.

Effective risk and procurement management are essential for successful project delivery. This guidebook has provided comprehensive knowledge and practical tools to help project managers master these aspects. By understanding the principles, techniques, and interdependencies of risk and procurement management, individuals can navigate project risks, optimize procurement processes, and drive project success.

Mastering Risk and Procurement in Project Management: A Guide to Planning, Controlling, and Resolving Unexpected Problems (FT Press Project Management)

by Randal Wilson

4.4 out of 5