Budget blow out M M B No 15/02/06 Contingency: Project TBC TBC N Inadequate funding to 2 means cost change Re-scope project, Manager complete the project savings must be focusing on time and Triggers include: identified ie. resourcing – reduce output Funding is quality, extended redirected; timeframes, increase outcomes (poor quality (benefits) will be materials/ delayed inaccurate cost estimates)
2 Inadequate funding to complete the project Triggers include: Funding is redirected; increase (poor quality materials/ inaccurate cost estimates) Budget blow out means cost savings must be identified – ie. reduce output quality, extended timeframes, outcomes (benefits) will be delayed M M B No change 15/02/06 Contingency: Re-scope project, focusing on time and resourcing Project Manager TBC TBC N
Risk%20Management%20Plan.docx