The body of evidence continues to grow around the world that the very kernel of successful project management is the effective management of risk and 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 risk management texts that precede it, in that it provides very practical guidance, supported by numerous mini case studies, many of which attracted considerable publicity in their time. 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. The rules taken together will provide those implementing projects with the building blocks to secure a project's objectives. The rules have been written from a wealth of experience gained from applying risk management practices across multiple industries from Europe to Africa, the Middle East and Asia.
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