Project Management Institute

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  • 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…

  • 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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