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

Institution of Civil Engineers and Institute and Faculty of Actuaries

  • Format: Book

  • Pages: 165

  • Publisher: Thomas Telford

  • Date Published: Jul 2014

  • Stock Code: 83414

  • ISBN: 9780727741578

  • Binding: Paperback

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Description

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".

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