Risk and Systems : With Applications in Infrastructure Project Management book cover
1st Edition

Risk and Systems
With Applications in Infrastructure Project Management

  • Available for pre-order. Item will ship after December 22, 2022
ISBN 9781032381213
December 22, 2022 Forthcoming by CRC Press
216 Pages 46 B/W Illustrations

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Book Description

Risk is related to the uncertainty and magnitude of consequences or outcomes that vary across disciplines and situations, and measurement scales for risk depend on stakeholders’ value systems so that risk is peculiar to each stakeholder. Risk management provides a way of addressing the issues associated with the uncertainty and magnitude of consequences or outcomes. This textbook provides a distinctively rational treatment of risk and risk management, based on a systems approach. This treatment applies to all disciplines and sets out the principles of risk and risk management as well as looking at a series of applications and more specialist tools and approaches.

  • Develops a risk framework through a systems approach
  • Offer a challenging and fresh approach for infrastructure engineering and construction and across project management in general

The book suits students and practitioners in industry.

Table of Contents

Part A: Development.

1. Introduction. 

2. Some Fundamental Systems Ideas. 

3. What is Risk?. 

4. Risk Management (RM). 

5. RM Step - Definition and Context. 

6. RM Step - Risk Source Identification. 

7. RM Step - Analysis and Evaluation. 

8. RM Step - Response. 

9. RM Summary. 

Part B: Applications.

10. Project Delivery Methods. 

11. Risk Allocation in Contracts. 

12. Workplace Health and Safety. 

13. Management and Project Management. 

14. Tenders and Contracts. 

15. Project-Related Risk. 

16. P50 - P90 Project Cost Estimates - Rationale. 

17. Options. 

18. Accounting, Finance and Economics. 

19. Reliability. 

20. Fault Trees, Event Trees. 

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David G. Carmichael is Emeritus Professor of Civil Engineering at the University of New South Wales, Distinguished Adjunct Professor with the Asian Institute of Technology, Fellow of the Royal Society of New South Wales, Fellow of the Institution of Engineers Australia and Life Member of the American Society of Civil Engineers.