Risk Analysis and Management for Projects (RAMP), 3rd edition

Institution of Civil Engineers (ICE), Institute and Faculty of Actuaries

Price: £ 48.00

ISBN: 9780727741578

Format: Paperbound

Publish Date: 02/07/2014

Publisher: ICE Publishing

Page Size: 297x210mm

Number of Pages: 168

Risk Analysis and Management for Projects (RAMP), 3rd edition

Description

Risk and uncertainty surround every human activity and influence everything we do.

RAMP (Risk Analysis and Management for Projects) is a well-established framework for analysing and managing the risks involved in projects, whether large or small. With an emphasis on the strategic and financial aspects, this practical working guide will assist planners, engineers, accountants, actuaries, lawyers, project managers, public administrators and anyone else who is involved with a project’s success.

Businesses increasingly need to manage their projects in a turbulent environment, where change is often unexpected and continuous. RAMP's systematic approach helps to ensure that risks are effectively identified, analysed and controlled, and that newly emerging risks can be spotted while there is still time to do something about them.

The benefits of applying RAMP include:

• avoidance of wasted work, because of the iterative nature of the process 
• consideration of opportunities as well as threats 
• improvement of the credibility of the business case for the project 
• consistency with approaches to Enterprise Risk Management (ERM) in the project sponsor's organisation 
• greater confidence for those who decide on whether projects should proceed 
• recording and communication of "lessons learned".

This new and much improved edition of the RAMP Guide:

• sets out practical ways of managing uncertainty and risk 
• includes new step-by-step guidance for practitioners 
• provides a simple method for determining whether possible responses to risks would be cost-effective 
• shows how to summarise a project's risks for decision-makers 
• discusses how to tackle social and environmental risks in infrastructure projects 
• works as a check-list to ensure that important steps are not overlooked.

RAMP aims to achieve better financial returns for sponsors, investors and lenders, and improve the consequences of projects for the wider community.

Contents

Introduction

Chapter 1: Overview

Chapter 2: Getting started

Chapter 3: The management of uncertainty

Chapter 4: Responding to risks

Chapter 5: Social and environmental risks in infrastructure projects

Chapter 6: The investment decision and afterwards

Appendix 1: A practical step-by-step guide to applying the RAMP process
Appendix 2: Case study – A simple RAMP appraisal process
Appendix 3: Case study – Applying RAMP to a large project
Appendix 4: Constructing and analysing the risk register
Appendix 5: Examples of handling social and environmental risks
Appendix 6: Description of the RAMP process
Appendix 7: Glossary
Appendix 8: References and select bibliography
Appendix 9: Self-assessment check

Index