Are organizations getting better at recognizing hte need for risk reserves?

Risk Management

Andy Jordan President| Roffensian Consulting S.A. Cherry Grove, AB, Canada

I'm still seeing a real hit or miss approach to this - with too many organizations seeing reserves as a product of 'bad' management or attempted padding. What are your experiences, are organization's understanding contingency and management reserves yet?

Posted: Nov 16, 2014 11:09 AM

Thomas Andrews Project & Risk Management Consultant| PM/RM Works Long Beach WA, United States

We are seeing more attention given to establishing risk reserves during the project planning phase. The best examples are for projects that have developed more detailed schedules and linked identified risks to schedule activities, estimated cost and/or schedule impact and included it in the project plan (resource loaded schedule) as management reserve.

Posted: Nov 16, 2014 4:34 PM

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Are organizations getting better at recognizing hte need for risk reserves?

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