Practical Project Risk Management: The ATOM Methodology

  • 3h 25m
  • David Hillson, Peter Simon
  • Management Concepts
  • 2007

Because all projects are risky, risk management proactively addresses implications of uncertainty in achieving project objectives. Practical Project Risk Management: The ATOM Methodology helps you apply risk management theories and tools to your project so you can manage risk properly, efficiently, and effectively. Not just another collection of theories, the Active Threat and Opportunity Management (ATOM) methodology enables you to make risk management ideas and processes work for your project. This valuable resource provides:

  • Best practice guidelines and standards translated into a comprehensive, proven methodology
  • A simple, step-wise process for managing risk
  • Practical advice on how to manage risk properly
  • Hints and tips on how to get the most out of the risk management process
  • Guidance to help you minimize threats, maximize opportunities, and achieve objectives

About the Authors

Dr. David Hillson, PMP, FRSA, FAPM, FIRM, FCMI, is an international risk management consultant and Director of Risk Doctor & Partners. He is a popular conference speaker and award-winning author on risk. David is recognized internationally as a leading thinker and practitioner in the risk field, and has made several innovative contributions to improving risk management. He is well-known for promoting the inclusion of proactive opportunity management within the risk process, and has developed a practical application of emotional literacy to risk psychology.

David is an active member of the Project Management Institute (PMI) and was a founder member of its Risk Management Specific Interest Group. He received the PMI Distinguished Contribution Award for his work in developing risk management over many years. He is a Fellow of the UK Association for Project Management (APM) and past chairman of its Risk Management Specific Interest Group. David is also a Fellow of the UK Institute of Risk Management (IRM), a Fellow of the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA), and a Fellow of the Chartered Management Institute.

Peter Simon, BSc, PMP, FAPM, has 30 years of experience as a project management consultant and practitioner across all industries and business sectors.

In his early career he worked for a variety of organizations across the oil and gas, utilities, and transportation sectors as a project management and project services practitioner and was responsible for all aspects of project planning and control and risk management for projects based in Europe, the United States, and the Middle East.

In his later career he has achieved significant success in building the project management consultancy and training arms of the PMProfessional group of companies, in addition to many years as a successful freelance project management consultant and a period as European Technical Director for ESI International. Peter is now Managing Partner of Lucidus Consulting Limited.

Peter was Chairman of the UK Association for Project Management’s (APM) Risk Management Specific Interest Group for four years and was Project Manager and Managing Editor of the APM PRAM Guide published in October 1997. He is a Fellow of APM, a member of the Project Management Institute (PMI), and a Visiting Fellow of Cranfield University School of Management.

In this Book

  • Practical Project Risk Management—The ATOM Methodology
  • Foreword
  • Preface
  • Acknowledgments
  • The Challenge of Managing Risk
  • Making It Work
  • Active Threat and Opportunity Management—The ATOM Risk Process
  • Start at the Beginning (Initiation)
  • Exposing the Challenge (Identification)
  • Understand the Exposure (Assessment)
  • Options and Actions (Response Planning)
  • Spreading the Word (Reporting)
  • Just Do It (Implementation)
  • Keeping It Alive (Major Reviews)
  • Ongoing Updates (Minor Reviews)
  • Learning from Experience (Post-Project Review)
  • ATOM for Small Projects
  • ATOM for Large Projects
  • Simulating Possible Futures (Quantitative Analysis)
  • Next Steps
  • Templates and Examples
  • Further Templates and Examples
  • References and Further Reading
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