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