This second edition of the book reflects the authors&; work to continually improve upon the model and to apply the methodology to a broader range of issues. The book includes: &; An entirely new chapter on managing risk in programs, which is an important dimension in today&;s world of ever more complex initiatives &; Updated material and methodology more closely aligned with relevant international standards &; Emphasis on minimizing the threats and maximizing the opportunities to optimize achievement of your project goals Based on sound principles and best practices, this book guides any member of the project management team in conducting risk management in a real-world environment.