Project Management

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calculating contingency Reserve of the project

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Moloy Chakraborty Principal Project Manager| WSP UK LTD High Wycombe, Buckinghamshire, United Kingdom
Are you transparent while calculating contingency Reserve?
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Kevin Drake Perth, Western Australia, Australia
Yes I am transparent. If you have done a good risk assessment why you need an extra reserve.

Unknown - unknown are covered by Management Reserve
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Of course, transparency in contingency reserve is important as it increases buy-in, commitment and many others important areas as well.
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Anish Abraham Privacy Program Manager| University of Washington Auburn, Wa, United States
Yes, it's very important.
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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Most companies I've worked with require justification for contingency reserves - if that justification is not sufficient, those reserves are usually reduced pretty quickly. As such, it is in a team's best interest to be transparent as to how they've quantified the impact of identified risks...

Kiron
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Anonymous
Most of the time, yes. But, different situations call for different approaches that can be abnormal at times.

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