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Article Risk Management, Cost Management, Estimating September 1983
Project Management Quarterly
Project reserves
By Murray, John W. | Ramsaur, William F. Project cost estimators have traditionally included in their calculations contingency amounts to cover the unexpected expenses resulting from uncertain risks. But such an approach does not always…
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Article Risk Management, Estimating December 1978
Project Management Quarterly
Contingency
By Carrier, K. C. Traditionally, project contingencies were based on past projects. Only recently has the field introduced comprehensive statistical techniques to quantify the uncertainty of project estimates. This…
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