Project Contingency – Do I have enough?

Every large capital project will have unplanned and unexpected costs because it’s simply impossible to foresee and plan for every unknown. Successful project leaders focus on identifying and controlling costs and avoid having to approach the project stakeholders to request additional funding. 那么我们该如何, as project managers and leaders, determine how much funding should be allocated as 应急 for a particular project? 是5%，15%，还是25%?

不幸的是, there’s no simple fixed rule that will always tell us how much money to allocate for the unplanned and unknown. But with an analytical approach it’s possible to make a reasonable estimate. Here are a few key items you may want to consider in determining your 应急 allocation:

风险分析

If you haven’t created a project risk register, consider assembling one. Identify as many potential risks as you can that would have a significant impact on your project. 问这样的问题:

• What assumptions were made?
• 可能出现哪些延误?
• Are you using all new equipment or trying to refurbish that old machine?
• Might you need to upgrade utilities to support your new equipment?
• How much unfamiliar technology is involved?
• Is the project relatively simple or complex?

Next, consider the likelihood of each risk event and the impact if it occurs. 从这个, you can make a reasonable estimate of the financial impact of each risk and consider it in your 应急 allowance.

Project Estimate Accuracy

Are your cost estimates for equipment, 材料, and labor/services based on internal estimates, budgetary quotes or procurement level quotes? What is the experience and skill level of the estimator? What estimating techniques were used? The 无关 (Association for the Advancement of Cost 工程) has a published the following cost estimate classification which may be helpful in thinking about the accuracy of your project estimate.

Evaluate what level of accuracy you have at the time of project funding and consider adding 应急 to specific project elements based on your assessment. Experience with a similar projects and knowledge of factors that have affected previous projects can offer keen insight to real costs and expectations.

未知和未定义

At the time of project funding, some project elements are simply unknown and/or undefined. And experienced project managers will tell you that there is always something that comes up during the execution of a project that needs additional funding. Be sure to allocate 应急 funds for these things as well.

Considering these factors and estimating potential risks and costs will help zero in on the right amount of 应急 for your project. 澳门足彩app always includes these in project budget development and considers this approach a best practice.

If you'd like to discuss 澳门足彩app's approach to project management and cost estimating, 联络道格·威尔, Sr. 工程经理 道格.wear@dektinary.com.