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(eBook-PDF) - Project Management Practitioner's Handbook

(eBook-PDF) - Project Management Practitioner's Handbook

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Published by Roxana Sirbu

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Published by: Roxana Sirbu on Jul 16, 2012
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02/25/2015

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Ideally, risk assessment (see Chapter 12) provides the basis for good contingency planning. Contingency
planning involves developing responses to situations that have a good probability of occurrence and could
impact project performance.

Exhibit 17-2 Contingency plan form.

For the Smythe Project, Perry develops a contingency form, shown in Exhibit 17-2. He records the description
of the event; its probability of occurrence; its impact on cost, schedule, and quality; and the appropriate
response.

Reliable contingency plans don’t just happen, as Perry well knows. They require having information about
possible events, including their potential impact; time preparation; and feedback indicating when the events
do occur.

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