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Contingency and Management Reserves

Damnjanovic, Ivan / Reinschmidt, Kenneth

Abstract In this chapter we introduce the concept of contingency and management reserves. We provide the formal definition and a discussion on its use and misuse. We further provide the mathematical formulation of the contingency and the contingency factor, the consideration of contingency in program management, and the effect of correlation.

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Contingency and Management Reserves

Damnjanovic, Ivan / Reinschmidt, Kenneth

Abstract In this chapter we introduce the concept of contingency and management reserves. We provide the formal definition and a discussion on its use and misuse. We further provide the mathematical formulation of the contingency and the contingency factor, the consideration of contingency in program management, and the effect of correlation.

Contingency and Management Reserves

Damnjanovic, Ivan / Reinschmidt, Kenneth

Abstract In this chapter we introduce the concept of contingency and management reserves. We provide the formal definition and a discussion on its use and misuse. We further provide the mathematical formulation of the contingency and the contingency factor, the consideration of contingency in program management, and the effect of correlation.

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Titel:

Contingency and Management Reserves

Beteiligte:

Damnjanovic, Ivan (Autor:in) / Reinschmidt, Kenneth (Autor:in)

Erschienen in:

Data Analytics for Engineering and Construction Project Risk Management ; 181-203

Risk, Systems and Decisions

Erscheinungsdatum:

24.05.2019

Format / Umfang:

23 pages

ISBN:

978-3-030-14251-3 , 978-3-030-14250-6

ISSN:

2626-6717 , 2626-6725

DOI:

https://doi.org/10.1007/978-3-030-14251-3_9

Medientyp:

Aufsatz/Kapitel (Buch)

Format:

Elektronische Ressource

Sprache:

Englisch

Schlagwörter:

Contingency , Program management , Correlation , Probability distribution Engineering , Construction Management , Quality Control, Reliability, Safety and Risk , Project Management

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