3. A Broader Look at Project Risk Management

  1. Christoph H. Loch,
  2. Arnoud De Meyer and
  3. Michael T. Pich

Published Online: 5 DEC 2007

DOI: 10.1002/9780470172377.ch3

Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects

Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects

How to Cite

Loch, C. H., De Meyer, A. and Pich, M. T. (2006) A Broader Look at Project Risk Management, in Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470172377.ch3

Publication History

  1. Published Online: 5 DEC 2007
  2. Published Print: 24 FEB 2006

ISBN Information

Print ISBN: 9780471693055

Online ISBN: 9780470172377

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Keywords:

  • foreseeable uncertainty and residual risk;
  • planned flexibility mind-set;
  • uncertainty simulation and communication;
  • unmanned aerial vehicle (UAV);
  • budget contingencies

Summary

This chapter contains sections titled:

  • Understanding the Fundamental Types of Uncertainty

  • Foreseeable Uncertainty and Residual Risk

  • Complexity

  • Unknown Unknowns

  • Expanding the Toolbox: Fundamental Approaches to Project Uncertainty