September 2012

It is quite amazing that in conventional project management practice, risk management is widely applied to cost (with allowances and contingency), but not so much to schedule. And this happens although for large, complex projects, schedule is the main driver of the project performance! In particular, appropriate convergence at the few critical points of the

Keeping money aside for the hard times is, in everyday life, quite a usual and recommended behaviour. In a project environment, if done poorly, it can make your project noncompetitive and produce unexpected surprises for your stakeholders down the road. You need to implement some basic principles for allowance and contingency management to keep your project healthy