Brevity and ease of reference make this handbook a useful introduction to risk in the project or program environment. The book provides a simplified understanding of the nature of project risk and opportunity, and a systematic approach to risk reduction. You’ll get useful insights into the process of project risk management whether you’re working on a small administrative project, a large capital works project, or anything in between. Concepts, tools, and techniques covered include: risk identification, risk assessment goals and methodology, computer applications, risk response and documentation, management of contingency allowances, managing risks of the project’s environment, and dealing with risks in contracts. This book is essential reading to learn more about the Project Management Body of Knowledge (PMBOK®).