Southampton Management School

Stephen Ward

BSc, MSc, PhD, FIRM

Primary position:
Professor of Risk Management, Deputy Head of School

Stephen is Deputy Head of School. He has published extensively on the development of effective risk management processes, particularly for project management. He is a Fellow of the UK Institute of Risk Management. He was a member of the British Standards Risk Committee that developed the new UK standard on Risk Management. Prior to joining the University in 1980, Stephen worked in Operational Research with NatWest Bank.

Professor Stephen Ward's photo

The University of Southampton's electronic library (e-prints)

Article

Allport, R.J. and Ward, S. (2010) Operational risk: the focus for major infrastructure ? Proceedings of the Institution of Civil Engineers: Management , procurement and law, 163, (3), 121-127.
Harwood, I.A., Ward, S.C. and Chapman, C.B. (2009) A grounded exploration of organisational risk propensity. Journal of Risk Research, 12, (5), 563-579.
Chapman, Chris and Ward, Stephen (2008) Developing and implementing balanced incentive and risk sharing contracts. [in special issue: Stakeholder Management in Construction ] Construction Management and Economics, 26, (6), 659-669. (doi:10.1080/01446190802014760)
Ward, S. and Chapman, C. (2008) Stakeholders and uncertainty management in projects. Construction Management and Economics, 26, (6), 563-577. (doi:10.1080/01446190801998708)
Chapman, C.B., Ward, S.C. and Klein, J.H. (2006) An optimised multiple test framework for project selection in the public sector, with a nuclear waste disposal case-based example. International Journal of Project Management, 24, (7), 373-384. (doi:10.1016/j.ijproman.2006.02.008)
Atkinson, Roger, Crawford, Lynn and Ward, Stephen (2006) Fundamental uncertainties in projects and the scope of project management. International Journal of Project Management, 24, (8), 687-698. (doi:10.1016/j.ijproman.2006.09.011)
Chapman, C., Ward, S. and Klein, J.H. (2006) Dysfunctional investment appraisal in the public sector: a way forward. International Journal of Project Management (Submitted)
Chapman, C.B., Ward, S.C. and Harwood, I.A. (2006) Minimising the effects of dysfunctional corporate culture in estimation and evaluation processes: a constructively simple approach. International Journal of Project Management, 24, (2), 106-115. (doi:10.1016/j.ijproman.2005.08.004)
Ward, S.C. (2005) Risk maturity: developing risk management capability. Health Care Risk Report, 11, (12), 20-21.
Chapman, Chris and Ward, Stephen (2004) Why risk efficiency is a key aspect of best practice projects. International Journal of Project Management, 22, (8), 619-632. (doi:10.1016/j.ijproman.2004.05.001)
Chapman, Chris and Ward, Stephen (2004) Evaluating and interpreting estimates (in special issue on project risk management). Projects & Profits, 4, (4), 25-29.
Ward, S. (2003) Approaches to integrated risk management: a multi-dimensional framework. Risk Management: An International Journal, 5, (4), 7-23.
Chapman, C.B. and Ward, S.C. (2003) Constructively simple estimating: A design activity project uncertainty example. Journal of the Operational Research Society, 54, (10), 1050-1058. (doi:10.1057/palgrave.jors.2601610)
Ward, Stephen and Chapman, Chris (2003) Transforming project risk management into project uncertainty management. International Journal of Project Management, 21, (2), 97-105. (doi:10.1016/S0263-7863(01)00080-1)
Ward, Stephen (2001) Exploring the role of the corporate risk manager. Risk Management: An International Journal, 3, (1), 7-25. (doi:10.5555/rima.2001.3.1.7)
Chapman, Chris B. and Ward, Stephen C. (2000) Estimation and evaluation of uncertainty: a minimalist first pass approach. International Journal of Project Management, 18, (6), 369-383. (doi:10.1016/S0263-7863(00)00016-8)
Chapman, C.B., Ward, S.C. and Bennell, J.B. (2000) Incorporating uncertainty in competitive bidding. International Journal of Project Management, 18, (5), 337-347. (doi:10.1016/S0263-7863(00)00013-2)
Ward, S.C. (1999) Assessing and managing important risks. International Journal of Project Management, 17, (6), 331-336. (doi:10.1016/S0263-7863(98)00051-9)
Ward, S.C. (1999) Requirements for an effective project risk management process. Project Management Journal, 30, (3), 37-43.
Ward, S.C., Klein, J.H., Avison, D.E., Powell, P.L. and Keen, J. (1997) Flexibility and the management of uncertainty: a risk management perspective. International Journal of Project and Business Risk Management, 1, 131-145.
Chapman, Chris and Ward, Stephen (1996) Valuing the flexibility of alternative sources of power generation. Energy Policy, 24, (2), 129-136. (doi:10.1016/0301-4215(95)00078-X)
Ward, Stephen C. and Chapman, Chris B. (1995) Risk-management perspective on the project life cycle. International Journal of Project Management, 13, (3), 145-149. (doi:10.1016/0263-7863(95)00008-E)
Ward, S.C. and Chapman, C.B. (1995) Evaluating fixed price incentive contracts. Omega, 23, (1), 49-62. (doi:10.1016/0305-0483(94)00047-E)
Chapman, C.B. and Ward, S.C. (1994) The efficient allocation of risk in contracts. Omega, The International Journal of Management Sciences, 22, (6), 537-552. (doi:10.1016/0305-0483(94)90046-9)
Ward, Stephen and Chapman, Chris (1994) Choosing contractor payment terms. International Journal of Project Management, 12, (4), 216-221. (doi:10.1016/0263-7863(94)90045-0)
Ward, S.C., Chapman, C.B. and Klein, J.H. (1991) Theoretical versus applied models: the newsboy problem. Omega, 19, 197-206. (doi:10.1016/0305-0483(91)90039-V)

Book

Chapman , Chris and Ward, Stephen (2011) How to manage project opportunity and risk, Chichester, GB, John Wiley & Sons, 600pp. (In Press)
Ward, Stephen (2004) Risk Management: Organisation and Context, London, UK, Witherby
Chapman, Chris and Ward, Stephen (2003) Project Risk Management. Process, Techniques and Insights. Second Edition, Chichester, UK, John Wiley and Sons, 319pp.
Chapman, Chris and Ward, Stephen (2002) Managing project risk and uncertainty: A constructively simple approach to decision making, Chichester, UK, John Wiley & Sons, 512pp.
Chapman, Chris and Ward, Stephen (1996) Project risk management: processes, techniques and insights, Chichester, UK, John Wiley, 344pp.

Book Section

Ward, Stephen (2005) Project risk management. In, Hillson, D. (ed.) The Risk Management Universe: A Guided Tour. London, UK, British Standards Institute, 210-238.
Ward, Stephen and Chapman, Chris (2004) Making risk management more effective. In, Morris, Peter and Pinto, Jeffrey K. (eds.) The Wiley guide to Managing Projects. New Jersey, U.S.A, John Wiley and Sons, 852-875.
Ward, S., Project Management Institute (2004) Developing project risk management. In, Slevin, D.I. and Pinto, J.K. (eds.) Innovations: Project Management Research 2004. Newtown Square, USA, Project Management Institute, 453-464.
Chapman, Chris and Ward, Stephen (2002) Project risk management: the required transformations to become project uncertainty management. In, Slevin, D.P., Cleland, D.I. and Pinto, J.K. (eds.) The Frontiers of Project Management Research. Newtown Square, Project Management Institute, 405-417.
Chapman, C.B. and Ward, S.C. (2000) Managing risk. In, Turner, J.R. and Simister, S.J. (eds.) Gower Handbook of Project Management. Aldershot, Gower Publishing, 375-394.

Conference or Workshop Item

Ward, S.C. (2007) Establishing effective risk management processes. In, Corporate Governance and Risk Management seminar, Belfast, Ireland, 29 Mar 2007. Belfast, Ireland,
Ward, S.C. (2006) Exploring opportunity management. In, Northern Meeting - The Institute of Risk Management (IRM) Forum, Keele, Staffordshire, UK, 18 Sep 2006.
Ward, S.C. (2005) Exploiting the potential of risk management. In, Institute of Risk Management Forum 2005, Stoke-on-Trent, UK, Sep 2005.
Ward, S.C. and Ahmad, N. (2005) Analysing accounting narratives for the disclosure of risk-related information. In, International Conference on Governance, Accountability and Taxation (IGAT), Kuala Lumpur, MY, Malaysian Northern University and the Australian National Institute of Accountants.
Ward, S.C. (2005) Risk maturity: what does it look like and how to acquire it. In, ALARM Annual Conference 2005, Manchester, UK,
Ward, S.C. (2005) Factors influencing performance in organisations - a generic framework for management theory development. In, British Academy of Management (BAM) Conference, Oxford, UK, 13 - 15 Sep 2005.
Ward, S.C. and Chapman, C.B. (2001) Project uncertainty management as a desirable future. In, Project Management Institute Europe, Fourth European Project Management Conference, Newtown Square, USA, The Project Management Institute.

Monograph

Chapman, C.B., Ward, S.C. and Klein, J.H. (2007) An optimised multiple test framework for project selection in the private sector. Southampton, UK, University of Southampton (Discussion Paper Series - Centre for Risk Research,(CRR-07-18))
Ward, S.C., Chapman, C.B. and Curtis, B. (1991) On the allocation of risk in construction projects. Southampton, UK, University of Southampton (Discussion Papers in Accounting and Management Science,(91-8))
Chapman, C.B. and Ward, S.C. (1991) Financial control of portfolio management decisions. Southampton, UK, University of Southampton (Discussion Papers in Accounting and Management Science,(91-2))
 

Research Interests

Risk management: project risk management processes, corporate processes, risk allocation, decision processes, investment appraisal, constructively simple approaches to risk analysis.

Work in progress

Current work is concerned with the management of operating risk in infrastructure projects.

Primary research group:  Centre for Risk Research

Affiliate research group:  CORMSIS: Centre for Operational Research, Management Science and Information Systems

Research project

Operational Risks & Major Infrastructure Projects

Operational risk is associated with uncertainty about the performance of infrastructure once it has been constructed, during the long-lived operating phase of infrastructure projects.

Professor Stephen Ward
Southampton Management School
University of Southampton
Southampton
SO17 1BJ, UK.

Room Number: 2/4033

Telephone: (023) 8059 2556
Facsimile: (023) 8059 3844
Email: scw@soton.ac.uk