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Is two days enough time to gather a lot of opinions?
Where do you see two days? As far as I know, there is no expiry date on polls in this community, and the LinkedIn one I created is one week (similar to the others) and has six days left.
Done. I chose the first option because it is closest to what we do but we allocate a lump sum amount for each budget item (Cost Code) in the overall budget.
I chose single lumpsum (option 1) but it may be revised over the course of the project (e.g. at stagegates).
Given that we are dealing with risks and probabilities, lumpsum gives you the best benefits from the law of great numbers.
Normally you publish your articles on Sunday, that is, May 29
The date you posted this question was on May 27
I just asked based on this reasoning.
Correct me if I'm wrong.
Thanks for sharing.
Contingency reserve should be calculated from your risk contingency actions. (The contingency actions are only invoked when the risk is triggered. Hence, why the reserve is kept separate.)
The problem, of course, is that it is easier to align the contingency reserves witth the risks, rather than the deliverables. (Many risks affect more than one deliverable.)
Same here Kiron, most of the time its option 1 and if not then 3, which is slightly rare.
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