The book analyzes, compares, and contrasts tools and techniques used in risk management at corporate, strategic business and project level and develops a risk management mechanism for the sequencing of risk assessment through corporate, strategic and project stages of an investment in order to meet the requirements of the 1999 Turnbull report. By classifying and categorizing risk within these levels it is possible to drill down and roll-up to any level of the organizational structure and to establish the risks that each project is most sensitive to, so that appropriate risk response strategies may be implemented to benefit all stakeholders. The new edition of this book provides a clear insight into the intricacies of corporate risk management and the addition of the case study exemplars aids understanding of the management of multiple projects in the real world. -Professor Nigel Smith, Head of the School of Civil Engineering, University of Leeds
Dr Tony Merna, BSc, MPhil, PhD, graduated with a Doctor of Philosophy degree from UMIST for his work on risk management in corporate organisations. Tony then gained a Doctor of Philosophy degree from UMIST for his research into the assessment of risks in portfolios of projects. Tony is currently working for a London based Investment Boutique focusing in Structured Finance; more specifically infrastructure. Dr Faisal F. Al-Thani, BSc, MSc, PhD, is Senior Director and Head of Business Development - Middle East for Maersk Oil Qatar. A petroleum engineer by profession, he has over 21 years' experience in the planning, design, operation, maintenance and finance strategies of oil and gas projects. Faisal is also a board member of the Marsh International Risk Council.