2 Inadequate funding Budget blow out M M B No 15/02/06 Contingency: Project TBC TBC N to the means cost change Re-scope project, Manager project savings must be focusing on time Identified triggers: identified ie. and resourcing – reduced output Funding is quality, redirected; timeframes are Costs increase extended, (poor quality outcomes materials/ (benefits) will be inaccurate cost delayed and/or estimates) reduced.
2 Inadequate funding to the project Identified triggers: Funding is redirected; Costs increase (poor quality materials/ inaccurate cost estimates) Budget blow out means cost savings must be identified – ie. reduced output quality, timeframes are extended, outcomes (benefits) will be delayed and/or reduced. M M B No change 15/02/06 Contingency: Re-scope project, focusing on time and resourcing Project Manager TBC TBC N
Project_risk_register_template_and_guide.docx