The evidence continues to grow that the effective management of risk is the very kernel of successful project management.
Its absence frequently leaves project sponsors lamenting missed objectives and shareholders coming to terms with an organisation's
poor bottom line performance. Dr Robert Chapman's The Rules of Project Risk Management stands out from other risk management
texts because it provides very practical guidance, supported by numerous mini case studies, many of which have attracted considerable
publicity. The book brings to life both the benefits of project risk management when effectively applied and the ramifications
when it is misunderstood or receives scant attention. The structure of the book is based on International Standard ISO
31000 seen through the lens of general systems theory - where projects are undertaken by organisations which have an external
context and internal sub-systems. A project system is seen to be composed of seven key subject areas. Practical short 'rules'
or implementation guidelines, written in an engaging style, are offered to support each of these subject areas and aid quick
assimilation of key risk management messages. Each rule focuses on a specific aspect of effective risk management which
warrants attention in its own right. Taken together the rules will provide those implementing projects with the building blocks
to secure a project's objectives. They have been drawn from a wealth of experience gained from applying risk management practices
across multiple industries from Europe to Africa, the Middle East and Asia.