Decision Making in Risk Management: Quantifying Intangible Risk Factors in Projects

Project risk management is essential for effective project delivery, but current practices often overlook intangible risks. This book introduces a framework to identify emergent behavior-centric intangible risks and provides quantitative measures to assess them. It also offers a systematic analytical approach to mitigate subjectivity in addressing behavioral risks, making it useful for professionals in Project Management, Systems Engineering, Risk Management, and Behavioral Science.

Format: Paperback / softback
Length: 99 pages
Publication date: 26 July 2021
Publisher: Taylor & Francis Ltd

Project risk management is considered an essential aspect of successful project delivery. Current practices often prioritize tangible concerns, such as equipment delays or the implications of technology. This book introduces a framework to identify emergent behavior-centric intangible risks and the conditions that trigger them.

Decision Making in Risk Management: Quantifying Intangible Risk Factors in Projects addresses the need for quantitative assessments of behavior-induced risks by presenting a framework that minimizes interpersonal tensions associated with addressing behavioral risks. The book includes an illustrative case study from the oil and gas sector that showcases the practical application of the framework. It explores the missing dimension of behavior-centric intangible risk factors in current risk identification practices.

The book further delves into management processes, offering a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects. This book is valuable for professionals working in the fields of Project Management, Systems Engineering, Risk Management, and Behavioral Science.

Weight: 198g
Dimension: 155 x 233 x 10 (mm)
ISBN-13: 9780367767457