11/22/2023 0 Comments Pmp management contingency reserveYou should clearly identify reserves in your project planning. For unidentified risks, or risks for which you have not defined any measures, you must therefore create reserves to finance any emergency actions that may occur. You will not be able to identify all risks in your project, no matter how hard you try. This is professional project management and increases their acceptance. Those who do not plan any reserves in their project or who hide the reserves “invisibly” in any work packages acts negligently! As hard as it sounds, a professional project manager plans clearly defined reserves.ĭo not hide buffers and reserves, but show and communicate them. That’s why you have to plan reserves for unforeseen events right from the start of the project – otherwise you will run to the sponsor every two weeks asking for more budget or more time. Risks will also occur that you have not identified. But where do the money and time come from? Everything is already planned, isn’t it? You will certainly remember that you will identify risks throughout the entire project and plan appropriate actions if necessary.
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