I must admit that this book titled "Risk Management: Tricks of the Trade for Project Managers" by Rita Mulcahy not only demystifies some of the gray areas in Risk management, but also conforms to the Guide to the PMBOK of PMI,USA.
Though I enjoyed reading your entire book in general, I appreciate the following points, in particular, which in my opinion will not only enhance the competency of the PMPs but also, serve as a good reference material in the years to come.
1. A risk can not have probability rating 8 or higher, in which case it is considered a fact and should be included in the WBS as a work item.
2.Over all Project risk score should be less than 50.
3.Risk Probability -Impact matrix ( PI matrix) and risk score tables have been explained in an easy -to- understand style.
4.Tips like "Many risks will not occur simply because they have become known ( to the respective team members) and let as many people appropriate know the risks identified on your project by putting the risk score on the Gantt chart".
5.Response strategies for Opportunities (viz. Exploit,Enhance Accept,and Sharing) which have not been addressed in the guide to PMBOK.
6. Tables in the Appendix giving list of Opportunities and list of Risks in Cause-Risk-Effect format is a unique feature of this book.
Thanks a lot, Rita , for bringing such an easy-to-read book aligned to the guide to PMBOK on such a gray area as Project Risk Management. This book will surly serve as a good source of reference for the practicing Project Managers and a good study material for PMP Certification exam candidates as well.(...)