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if additional contingency reserves are required ?

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Housam Bassal
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if additional contingency reserves are required ?

Postby Housam Bassal Mon Feb 20, 2017 2:04 pm

I have question regarding the contingency reserves:

During the course of the project, new risks maybe rise/identified, PM must monitor and control those risks and plan risk response plan. If the new risk requires as risk response plan a contingency reserve. And unfortunately after perform reserve analysis (in control risk analysis) found remaining reserves are not enough to cover the new risk, from where the PM bring additional contingency reserve to cover the new risk response plan? :?
Housam Bassal
Ecuador - Quito
LinkedIn: https://www.linkedin.com/in/housam-bassal-49984357
manishpn
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Re: if additional contingency reserves are required ?

Postby manishpn Mon Feb 20, 2017 3:51 pm

through Approved CR to request additional budget :)
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
Housam Bassal
Contributor
Contributor
Posts: 239
Joined: Fri Nov 04, 2016 7:38 pm

Re: if additional contingency reserves are required ?

Postby Housam Bassal Mon Feb 20, 2017 5:14 pm

Thanks, definitely need CR, but is that budget (additional reserve)come from additional fund, or consume from management reserve? :?
Housam Bassal
Ecuador - Quito
LinkedIn: https://www.linkedin.com/in/housam-bassal-49984357
manishpn
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Posts: 1801
Joined: Sat Jan 04, 2014 3:55 pm

Re: if additional contingency reserves are required ?

Postby manishpn Tue Feb 21, 2017 2:53 pm

that will depend on nature of risk it usually will come from additional budget or if its unknown unkown then from mgmnt reserve
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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