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Contingency plans are acceptance

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Contingency plans are acceptance

Postby suresi00 Thu Nov 23, 2017 11:00 pm

This is the case of Project manager planning risk response. Providing additional hours as a contingency is a risk mitigation strategy; therefore, Answer C is the best answer because we are talking about extra time or reserve time. Answer A is incorrect because padding has no basis and is not quantified as a risk or other type of estimate and even padding should be discouraged by project manager. Answer B is incorrect because adding contingency is not acceptance of a risk, it is simply mitigation. Answer D is near to the correct answer, but not the best answer, although what project manager is doing is a form of mitigatiaion

Can you please explain acceptance and contingency relation
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Joined: Sat Jan 04, 2014 3:55 pm

Re: Contingency plans are acceptance

Postby manishpn Sat Nov 25, 2017 9:05 pm

kindly post the question to get right context
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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