[.ca] Risk Management: Tricks of the Trade for Project ... (ISBN 0971164797)

Real Risk Management for Real Life Projects:
I found Ms. Mulcahy's book on risk management to be very informative and above all practical. This is not credenza material designed to take up space, look pretty and collect dust. It is a tool to be used as a reference, and source of ideas throughout the life of a project. I use it and have recommended it highly to my fellow project managers. Both beginners and seasoned professionals will find useful information they can apply to make their projects more successful, along with increasing their personal knowledge of the importance and application of risk management.

Project Risk Mangement - Demystified:
I must admit that this book titled "Risk Management: Tricks of the Trade for Project Managers" by Rita Mulcahy not only demystifies some of the gray areas in Risk management, but also conforms to the Guide to the PMBOK of PMI,USA. Though I enjoyed reading your entire book in general, I appreciate the following points, in particular, which in my opinion will not only enhance the competency of the PMPs but also, serve as a good reference material in the years to come. 1. A risk can not have probability rating 8 or higher, in which case it is considered a fact and should be included in the WBS as a work item. 2.Over all Project risk score should be less than 50. 3.Risk Probability -Impact matrix ( PI matrix) and risk score tables have been explained in an easy -to- understand style. 4.Tips like "Many risks will not occur simply because they have become known ( to the respective team members) and let as many people appropriate know the risks identified on your project by putting the risk score on the Gantt chart". 5.Response strategies for Opportunities (viz. Exploit,Enhance Accept,and Sharing) which have not been addressed in the guide to PMBOK. 6. Tables in the Appendix giving list of Opportunities and list of Risks in Cause-Risk-Effect format is a unique feature of this book. Thanks a lot, Rita , for bringing such an easy-to-read book aligned to the guide to PMBOK on such a gray area as Project Risk Management. This book will surly serve as a good source of reference for the practicing Project Managers and a good study material for PMP Certification exam candidates as well.(...)

Finally an in-depth text on Risk Management:
Rita Mulcahy, whose PMP Exam Prep book and material has helped many people pass the PMP exam, has come through again -- this time with an in-depth study on Risk Management. As expected, the book observes PMI standards, but more than that, it shows how risk can be managed effectively in the real world, using specific examples. Lack of effective risk management is one of the leading causes of project failure, and all too often, risk management is ignored altogether - perceived as an expensive burden. This book takes a realistic approach, examining both full scale risk management (including quantitative methods) and the minimum effective risk management needed for project success. In many industries, that's all that's needed. Best of all, it offer dozens of examples of real life risks and risk responses across a variety of industries. All in all, highly recommended for anyone needing to develop risk management processes or trying to improve their risk management skills.

Easy to Read and Understand:
Good book for those new to Risk Management and a great refresher for those with more experience. It was nice to have so many "Tricks of the Trade" available in one book.

Definite must-read for risk!:
I have recently changed work venues from biopharmaceuticals to construction/engineering, and this book has proved invaluable to help me get my arms around the risk issues for my new workplace. I definitely recommend it for anyone studying risk, particularly as a supplement to the information available to those preparing for the PMP exam. It's easy to read, and will make a great addition to anyone's project management reference library!