Don’t Use Your Estimating Contingency for Scope Changes

Tom Mochal and Jeff Mochal

Chapter Chapter 21 in Lessons in Project Management, 2011, pp 89-92 from Springer

Abstract: Abstract The only time you know for sure what a project will cost and how long it will take is after the work is completed. By its very nature, estimating is a guess. Of course, by using proper estimating techniques, you can make it a very close guess. However, there is always some degree of uncertainty in an estimate.

Keywords: Plant Manager; Estimate Contingency; Installation Process; Project Budget; Custom Inventory (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-3835-5_22

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DOI: 10.1007/978-1-4302-3835-5_22

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