1st Edition

Effective Opportunity Management for Projects Exploiting Positive Risk

By David Hillson Copyright 2004

    With step-by-step guidelines, this bestselling reference discusses the management of project opportunities by expanding the traditional risk management process to address opportunities alongside threats. It offers valuable tools and techniques that expose and capture opportunities, minimize threats, and deal with all types of uncertainty in your business and projects. Written by an experienced consultant and risk management specialist, this guide emphasizes that risk processes must cover both opportunities and threats if they are to assist in accomplishing project objectives and maximizing business benefits.

    Foreword (David Hulett), Foreword (Chris Chapman), Foreword (Stephen Grey), Preface, PART I: THE CASE FOR OPPORTUNITY MANAGEMENT, 1. The Nature of Risk, 2. Existing Approaches to Risk Management, PART II: THE OPPORTUNITY MANAGEMENT PROCESS, 3. Definition, 4. Identification, 5. Qualitative Assessment, 6. Quantitative Analysis, 7. Planning Responses, 8. Monitoring, Control, and Review, PART III: CONCLUDING CONSIDERATIONS, 9. Implementation Issues, 10. Future Opportunities!, Appendix: Results from a Survey Exploring Definitions, References and Further Reading, Index


    David Hillson is an International Risk Management Consultant, as well as Director of Risk Doctor & Partners, Petersfield, Hampshire, United Kingdom. A popular conference speaker and author on risk, he has won several awards for his papers. Specializing in risk technology transfer (assisting organizations to develop effective in-house risk processes), he is recognized internationally as a leading thinker and practitioner in risk management and has developed a number of innovative approaches to identifying, assessing, and managing risk, which have been widely adopted. Dr. Hillson is an active member of the global Project Management Institute (PMI) and was a founder member of its Risk Management Specific Interest Group. He received the 2002 PMI Distinguished Contribution Award for his work in developing risk management over many years. He is a Fellow of the UK Association for Project Management (APM) and a Fellow of the UK Institute of Risk Management (IRM), as well as a member of the Chartered Management Institute.